SEC Seeks Better Disclosure... (Management In Brief).(Securities and Exchange Commission)(Brief Article)

Chemical Market Reporter, December, 2001

> The US Securities and Exchange Commission (SEC) issued cautionary advice last week to remind company management, auditors, audit committees and their advisors of the requirement of "full transparency of accounting policies and their effects" in annual reports. The SEC will consider new rules during the coming year to elicit more precise disclosures about the accounting policies that company management believes are "most critically important to the portrayal of a company's condition and results, and [which requires] management's most difficult, subjective or complex judgements."