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

Posted: 16 Dec 2019 Last revised: 3 Nov 2021

See all articles by Lauren M. Cunningham

Lauren M. Cunningham

University of Tennessee - Haslam College of Business

Jacob Justus Leidner

University of Würzburg

Multiple version iconThere are 2 versions of this paper

Date Written: October 2021

Abstract

As part of its goal to monitor and enhance the quality of information available to investors, the Securities and Exchange Commission (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 We survey and comment on 80 published and unpublished academic research papers in this literature and identify significant gaps that future research should address.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.

To download the SAS codes, please visit https://lcunningham.utk.edu/sec-filing-review-process-sas-codes/

Keywords: comment letter; filing review process; Securities and Exchange Commission; SEC

JEL Classification: G18, M41, M48, L51

Suggested Citation

Cunningham, Lauren M. and Leidner, Jacob Justus, The SEC Filing Review Process: A Survey and Future Research Opportunities (October 2021). Contemporary Accounting Research, Forthcoming, Available at SSRN: https://ssrn.com/abstract=3494830 or http://dx.doi.org/10.2139/ssrn.3494830

Lauren M. Cunningham (Contact Author)

University of Tennessee - Haslam College of Business ( email )

Accounting and Information Management
603 Stokely Management Center
Knoxville, TN 37996
United States

Jacob Justus Leidner

University of Würzburg ( email )

Sanderring 2
Würzburg, 97070
Germany

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