##mail## | View this online January 26, 2012
 
AccountingWEB Weekly Insight
How smart is the average investor? Inquiring minds at the SEC want to know. One of the mandates of the Dodd-Frank is to improve the timing, content, and format of disclosures to investors regarding financial intermediaries, investment products, and investment services. While that all seems important and even necessary, one shouldn't lose sight of the fact that there needs to be a focus on reminding investors that investing is a risk, and all the best practices in the world aren't going to change that.
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Gail Perry, CPA
Editor-in-Chief
editor@accountingweb.com
  
SEC Seeking Public Comment on Dodd-Frank Financial Literacy Study
The Securities and Exchange Commission is requesting public comments on financial literacy and investor disclosure issues that it is studying as part of a review mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
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Review of the PCAOB's Enforcement and Investigations Program
In his January 2012 letter to Mary Schapiro, chairman, SEC, James Doty, Chairman, PCAOB, stated, "I am pleased to transmit to you a summary of the PCAOB's most recent performance review, Review of the Public Company Accounting Oversight Board's Enforcement and Investigations Program."
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The Edge of Glory CPA Auditions for 'The Glee Project'
Last October, Nick DeSanto, aspiring singer, CPA, and senior auditor with Ernst & Young, tested his singing skills in Oxygen's "The Glee Project" competition. Participants selected after the auditions won a spot on the competition series, with the ultimate prize being a guest appearance on "Glee."
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