...Richard A. Cazier; Bret A. Johnson SYNOPSIS Over 1,600 firms exempt from registration requirements have voluntarily filed with the SEC at some point in the last two decades. We investigate whether the SEC scrutinizes these voluntary filings to a similar degree as those submitted by mandatory...

... on companies' future performance and information on risk management. We find that CDS investors can benefit from information on expected risk impacts and from information on risk management, which is important for the current discussion of the Securities and Exchange Commission (SEC) on risk disclosure...

... that likely also predict the size and duration of frauds. Our sample contains 376 Ponzi or pyramid schemes prosecuted by the Securities and Exchange Commission (SEC) during the period between January 1988 and August 2012, inclusive. We date the end of each Ponzi scheme in our sample as the first SEC...

... without updates. I also find that firms with updates to their risk factors section have significantly lower future unexpected earnings and are more likely to experience future extreme negative earnings shocks. These findings suggest that the recent disclosure requirement mandated by the SEC was successful...

... regulation. Sarbanes-Oxley regulation SEC PCAOB audit cost benefit analysis In this article we review and assess over 120 studies of the Sarbanes-Oxley Act, focusing on research in accounting, law, and finance after 2005. We describe major developments in its legal, regulatory...

...Roger S. Debreceny; Stephanie M. Farewell; Maciej Piechocki; Carsten Felden; Andre Gräning; Alessandro d'Eri SYNOPSIS The Securities and Exchange Commission (SEC) has adopted the eXtensible Business Reporting Language (XBRL) in a multi-year program to enhance the functionality of the Commission's...

... change in financial reporting of nearly unprecedented scope. Prior to June 2009, the date of the first mandated XBRL filings, the SEC made available a Voluntary Filing Program (VFP) to assist in addressing the difficulties of creating XBRL documents. This study examines errors in the VFP filings...