SEC Makes Comment Letters/Responses Public
Beginning today (May 12, 2005), the Securities and Exchange Commission (SEC) will begin the process of releasing to the public comment and response letters related to disclosure filings made after August 1, 2004 and reviewed by the Division of Corporation Finance and the Division of Investment Management.
Letters will be released individually on a filing-by-filing basis through the EDGAR system at www.sec.gov. The oldest filings will be released first. Future filings, however, will be released no earlier than 45 days after the review of the filing is complete.
“We believe it is appropriate to expand the transparency of our comment process by making this information available, free of charge, to an unlimited audience,” Alan Beller, Director of the Division of Corporation Finance, said in a written statement.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.