The Securities and Exchange Commission issued a report to Congress on its disclosure rules for U.S. public companies, as part of agency’s ongoing efforts to modernize and simplify disclosure requirements and reduce compliance costs.
In the report, required by the JOBS Act, the SEC’s provides an overview of the regulations that govern public company disclosure, as well as the staff’s preliminary conclusions and recommendations. The SEC is recommending that it undertake a comprehensive review of disclosure requirements to look for areas that are redundant or that don’t benefit users of financial statements.
