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外文文献翻译
原文
Theimportanceofhighqualityaccountingstandards
IwanttotellyouhowexcitedIamaboutthehemisphere-wideinvestor
educationcampaignthattheCouncilofSecuritiesRegulatorsoftheAmericas
(COSRA)willlaunchMarch1998.EachCOSRAmemherwillrunprogramsinits
owncountryaspartofthecampaign.Initiativeswillincludetownmeetingsandradio
andTVannouncementsthatraiseawarenessofimportantissuestoconsiderwhen
investing.Iunderstandthathotlinesalsowillbeestablishedforinvestor
complaints.
Asonewhohasledsome20townmeetingsforindividualinvestorsacrossthe
U.S.overthelastseveralyears,Iheartilyendorsethisproject.Thebenefitsofinvestor
educationaremany.Notonlydoeducatedinvestorsprotectthemselvesbetter,but
theyalsoarewillingtoinvesttheirmoneytoprovidecapitaltonewandexpanding
companies,therebyallowingbusinessesandjobstogrow,aswellascontributingto
regionaleconomicstabihty.Informedinvestorsareanimportantingredientofliquid,
stablecapitalmarkets.IwholeheartedlysupportthisimportantCOSRAinitiative.
LetmenowmoveontothemainsubjectIwanttodiscusswithyou:theneedfor
highqualityaccountingstandards.Whilethismayseemmilesremovedfrominvestor
education,itreallyisnt.Educatedinvestorsneedrelevant,usefulinformationtomake
theirinvestmentdecisions—andthatiswhathighqualityaccountingstandards
deliver.
TheSECisconcemedwithaccountingstandardsbecauseofourmandateto
protectinvestors.U.S.securitieslaws,aswellastheSECsownrulesandregulations,
allspringdirectlyfromthisbasicconcept.Wepursuethismandatenotthroughmerit
regulation—allowingonlyhealthycompaniestotradetheirsecurities—b
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