NU Online News Service
A move by the Securities and Exchange Commission could have the ultimate effect of blocking financial reporting changes adopted by state insurance regulators, according to an insurers' trade group representative.
That assessment came from Neil Alldredge, National Association of Mutual Insurance Companies senior director of state advocacy, after the SEC issued a concept paper for public comment focusing on internal control reporting requirements under the financial accounting requirements of the Sarbanes-Oxley Act of 2002.
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