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Simplifying Financial Reporting

Publication Date: 
September 01, 2007
Investment Advisor
Melanie Waddell

Professor Joseph A. Grundfest is quoted in an Investment Advisor story about how to improve financial reporting in compliance with Sarbanes-Oxley legislation:

Joe Grundfest, a Stanford law professor and former SEC commissioner, suggested the committee set up a blog or other form of communication that allows “knowledgeable” folks to offer their comments on modifications that need to be made. He also said the committee should “jump start” the adoption of XBRL, an interactive data tagging technology that allows users to quickly and easily focus on the information they want to access in financial reports.