The SEC regularly monitors a company's filings of periodic reports, to ensure compliance with disclosure and accounting standards.
Required
a. Which SEC division is responsible for monitoring periodic reports? How often is the SEC required to review a registered company's filings? Which Act sets this requirement?
b. In recent years, common reporting issues discussed in comment letters are the use of non-GAAP measures and fair value measurements. Explain why the SEC emphasizes these two issues in its comment letters.
c. Identify an additional reporting issue that is likely to become a popular subject of comment letters in the future and explain your choice.

Question

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The Answer of The SEC regularly monitors a company's filings of periodic reports, to ensure compliance with disclosure and accounting standards.
Required
a. Which SEC division is responsible for monitoring periodic reports? How often is the SEC required to review a registered company's filings? Which Act sets this requirement?
b. In recent years, common reporting issues discussed in comment letters are the use of non-GAAP measures and fair value measurements. Explain why the SEC emphasizes these two issues in its comment letters.
c. Identify an additional reporting issue that is likely to become a popular subject of comment letters in the future and explain your choice.

The SEC Regularly Monitors a Company's Filings of Periodic Reports