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Top SEC Concerns in Public Company Financial Reporting to Watch in 2017

More than three years ago, the Securities and Exchange Commission (SEC) announced the formation of the Financial Reporting and Audit Task Force—a group within the SEC Enforcement Division designated to identify fraudulent or improper financial reporting, using “cuttingedge technology and analytical capacity.” Fast forward to the start of 2016, when the SEC's Director of Enforcement highlighted the importance of policing financial reporting issues with newer datadriven tools. This included the Corporate Issuer Risk Assessment program, which was designed to detect “anomalous patterns in financial statements that may warrant additional inquiry.”


This article was originally published in Bloomberg BNA

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