Follow up to February 14, 2008 posting, SEC: Progress Report of Advisory Committee on Improvements to Financial Reporting, this August 1 news release: “Securities and Exchange Commission Chairman Christopher Cox…received the final report of an SEC advisory committee containing 25 recommendations to make financial information more useful and understandable to investors. Last year, Chairman Cox announced the creation of the SEC Advisory Committee on Improvements to Financial Reporting, comprised of members representing investors and other key constituencies in America’s capital markets. Chairman Cox asked the Advisory Committee for recommendations on reducing unnecessary complexity in the U.S. financial reporting system and making financial reports clearer and more understandable to investors…the chairman of the Advisory Committee, Robert C. Pozen, presented Chairman Cox with a final report containing recommendations that can be implemented by the SEC, the Financial Accounting Standards Board (FASB), and the Public Company Accounting Oversight Board (PCAOB).”