The Securities and Exchange Commission Advisory Committee on Improvements to Financial Reporting will hold a public meeting on Friday, May 2, 2008, at the Donald E. Stephens Conference Center, Room 40, 5555 N. River Road, Rosemont, Illinois 60018.  The meeting will begin at 8:00 am (CDT) and will be open to the public.  The meeting will be webcast on the Commission’s Web site at www.sec.gov.  Persons needing special accommodations to take part because of a disability should notify James L. Kroeker, Deputy Chief Accountant, or Shelly C. Luisi, Senior Associate Chief Accountant, at (202) 551-5300, Office of the Chief Accountant, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549-6561. 

The agenda for the meeting includes hearing oral testimony from panel participants regarding the Advisory Committee’s developed proposals and conceptual approaches, as presented in the Advisory Committee’s progress report dated February 14, 2008 (http://www.sec.gov/rules/other/2008/33-8896.pdf), related to substantive complexity and the standards-setting process; consideration of comment letters received by the Advisory Committee; consideration of updates from subcommittees of the Advisory Committee; and discussion of next steps and planning for the next meeting.