{"id":5383,"date":"2013-01-02T00:00:00","date_gmt":"2013-01-02T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2013\/01\/sec_to_enhance_company_filings"},"modified":"2022-04-28T15:28:19","modified_gmt":"2022-04-28T20:28:19","slug":"sec-to-enhance-company-filings","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-to-enhance-company-filings\/","title":{"rendered":"SEC To Enhance Company Filings Scrutiny with Broader Corporate Review Process"},"content":{"rendered":"

BNA reports that sources say that the Securities and Exchange Commission will likely widen its corporate filing review process to improve how it scrutinizes financial statements that are publicly filed by registered companies, as well as other documents. The program, referred to as \u201ccontinuous review,\u201d was set up a few years ago to focus on financial institutions that received Troubled Asset Relief Program support from the government. This focus is likely to grow to include large financial service firms.<\/p>\n

The SEC started its process of continuous reviews on a number of companies in the Corporation Finance Division’s Assistant Director Office No. 12 (AD 12). Nine banks that had obtained over $120B in taxpayer funds through the Capital Purchase Program, which is a TARP program, were analyzed. Unlike the regular review process, which examines a company\u2019s Form 10K filings every three years, this program looks at all documents and filings on a continuous basis.<\/p>\n

Sarbanes-Oxley Act<\/strong><\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

BNA reports that sources say that the Securities and Exchange Commission will likely widen its corporate filing review process to improve how it scrutinizes financial statements that are publicly filed by registered companies, as well as other documents. The program, referred to as \u201ccontinuous review,\u201d was set up a few years ago to focus on […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3760],"tags":[],"class_list":["post-5383","post","type-post","status-publish","format-standard","hentry","category-sec-enforcement"],"yoast_head":"\nSEC To Enhance Company Filings Scrutiny with Broader Corporate Review Process — Investor Lawyers Blog — January 2, 2013<\/title>\n<meta name=\"description\" content=\"BNA reports that sources say that the Securities and Exchange Commission will likely widen its corporate filing review process to improve how it — January 2, 2013\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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