Class 14
SEC Comment Letters and Regulatory Analytics
Description
This session examines SEC comment letters and company responses as data for analyzing regulatory scrutiny of financial reporting and disclosure. Comment letters are important because they provide observable evidence about areas in which regulators seek clarification, additional support, or changes to a company's financial reporting.
Motivation
What can regulatory scrutiny reveal?
Review
We have developed methods for analyzing financial filings using conventional text analytics and LLMs and for validating the resulting evidence. This session adds a new source of information by connecting company disclosures to an external party's questions and the company's subsequent responses.