As if companies didn't have a heavy enough compliance burden, last week the Securities and Exchange Commission proposed more stringent requirements for reporting of short-term debt.
According to a recent CFO Magazine article, "Short-Term Debt Rule Sheds Light on SEC, Too," this action, which garnered bipartisan support from SEC appointees, suggests that current requirements may not be enough to prevent companies from hiding short-term debt and liquidity problems--both red flags to potential investors. (Click here to read the full article: www.cfo.com/article.cfm/14526117).
Insider Learning Network is interested to hear how this action affects you and your company. Will this results in a significant new compliance burden? And do you think the new requirements will meet the need for increased transparency? Please post your comment below.