The SEC Filing Review Process: A Survey and Future Research Opportunities

• 成果类型: Review
• 署名作者: Cunningham, Lauren M.; Leidner, Jacob J.
• 署名单位: University of Tennessee System; University of Tennessee Knoxville; University of Wurzburg
• 刊物名称: CONTEMPORARY ACCOUNTING RESEARCH
• ISSN/ISSBN: 0823-9150
• DOI: 10.1111/1911-3846.12742
• 发表日期: 2022
• 页码: 1653-1688
• 关键词: audit quality; disclosure; determinants; insights; IFRS

摘要

As part of its goal to monitor and enhance the quality of information available to investors, the SEC reviews companies' filings to ensure compliance with applicable financial reporting and disclosure requirements. Increased public interest and the substantial costs for both the SEC in reviewing and the companies in responding have led to a rapidly growing body of accounting literature that examines the filing review process. We survey and comment on 80 published and unpublished academic research papers in this literature and identify significant gaps that future research should address. We also summarize the institutional features of the filing review process, aiming to inform future academic studies. Our survey should be of interest to both academics and market participants evaluating the effectiveness and efficiency of the filing review process.