Work Begins on Regulation S-K Revisions

By Stephen Barlas
July 1, 2016

The Securities & Exchange Commission (SEC) voted in April to publish a concept release discussing and seeking public comment on modernizing Regulation S-K, the central repository for the Commission’s rules covering the business and financial information outside the financial statements that companies must provide in their filings.


Jon Lukomnik, executive director of the Investor Responsibility Research Center Institute (IRRCI), notes a recent report from Ernst & Young LLP (EY) found that “S-K disclosures often are generic and do not provide clear, concise and insightful information.” David Lynn, partner at Morrison & Foerster and cochair of the firm’s Corporate Finance practice, was quoted in an EY report: “How can it be that 30-some-odd years have gone by and Regulation S-K has never been really revisited or revised?” Lynn is a former chief counsel of the Corporation Finance division at the SEC.


Stephen Barlas has covered Washington, D.C., for trade and professional magazines since 1981 and since 1984 for Strategic Finance and its predecessor Management Accounting. You can reach him at sbarlas@verizon.net.
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