In late August, the Securities and Exchange Commission's Advisory Committee on Improvements to Financial Reporting (CIFR) will wrap up its year-long project to answer these questions.

Watch the Webcast

The SEC established the CIFR - also known as the "Complexity Committee” - last July. It is comprised of 17 experts from academia, banking, law, Wall Street, and corporate America. The group has been asked to make recommendations on everything from the relative merits of rules-based versus principles-based accounting systems to "current systems" for delivering financial information to the manner in which accounting and reporting standards are set. The experts also researched whether any current standards could be deemed unnecessarily complex or costly - or unnecessary altogether.

For this Webcast, CFO.com sat down with MFS Investment Management chairman Robert Pozen, who served as the chairman of CIFR, for a one-on-one discussion about the profound effect this research will have on the way companies collect, compile, and report their financial information.

View Tim Reason, editorial director of CFO.com, for this exclusive interview with Robert Pozen which will look at the future of financial reporting.

During this on-demand Webcast presentation, you will gain insight into:

• How financial reporting could be different
• How financial reporting could be made better and less complex

Speakers

• Tim Reason, Editorial Director, CFO.com
• Robert Pozen, Chairman, MFS Investment Management, SEC CIFR