The SEC Office of the Inspector General (OIG) recommended
that the commission’s Division of Corporation Finance continue
improving its preliminary reviews of corporate securities filings (
www.sec.gov/about/oig/ ). The recommendations were part of the
OIG’s report on its audit, from January through October 2005, of the
division’s preliminary review process. OIG conducts this and related
audits on an ongoing basis. The recommendations included enhancing the
review process’s consideration of company risk factors, such as the
need to restate financial statements; maintaining its surveillance of
large companies’ press releases, securities trading data and reports
of events that might affect the company’s finances or stock price; and
continuing its efforts to better manage workloads.
Compliance
