A Take on Improving Disclosures in the US
The New York Law Journal has an interesting take on efforts by the the SEC’s Division of Corporation Finance to review disclosure regulations S-K and S-X. While the Journal posits that the prospects for true reform are “minimal” the article does highlight the opportunities presented by technology. It describes the way that improvements to EDGAR could make it more user friendly though better organisation and presentation of data. It also describes the growing comfort level by filers and analysts with XBRL. The final conclusion? Listed companies and regulators both share responsibility for improving the system.
