Business Organizations Join to Comment on SEC Modernization Initiative

The Center for Audit Quality and three business and financial policy organizations have commented on ways to modernize online company filings with the SEC.

The SEC is seeking input on how to improve financial disclosure, including ways to improve its EDGAR system of company filings. The Center for Audit Quality joined with the Business Roundtable, Financial Executives International and the U.S. Chamber of Commerce’s Center for Capital Markets Competitiveness to make numerous recommendations. The comment letter focuses on two phases of improvements: consolidating and updating current EDGAR search features by improving their visibility and organization, then making improvements to the company search page, filings detail screen and output functionality.