That continuous monitoring program you’re working on? Well the Securities and Exchange Commission is working on one too.
Imagine this: Your company submits its Form 10-K to the SEC and, instead of languishing in a database somewhere, it is immediately analyzed for risky accruals, accounting policies, and disclosures. All of the data gets instantly compared to what all others in your industry have submitted. When the analysis is complete—in minutes, not hours—it goes straight to an examiner with the equivalent of a sticky note that says, “Make sure you take a look at the following areas.”
