Clarification.

• Position: Incremental costs associated with the new SEC reporting/disclosure changes - Brief Article

Estimates made by The Johnsson Group last summer of incremental costs associated with the new SEC reporting/disclosure changes ("New Regulations: Planning for the Unplanned Costs," January/February 2003) reflected views at the time and were based on knowledge of the financial reporting function at Fortune 500 companies. Estimates were for a typical, publicly traded company with a minimum of $3 billion in sales. The chart...