"Well, what is unlikely is that we’ll start another big set of standard changes like leases or revenue  that require huge systems changes for preparers. There’s a lot of fatigue among preparers and even investors about all the changes and they want us to take it easy, and I understand that. We think we have covered the main weaknesses in our system, so there’s no immediate urgency for very big projects that turn accounting upside down.

On the other hand, investors tell us that they feel that the financial reporting is often too much of a compliance exercise and that the financial statements tell too little about financial performance, and so they ask us to do more work on that and I think that is where our energy will probably go in the next five years."