• SEC Turns Up the Heat on MD&A
  • May 30, 2003 | Author: Alan K. MacDonald
  • Law Firm: Frost Brown Todd LLC - Louisville Office
  • On February 27, 2003, the SEC's Division of Corporation Finance released its latest statement on MD&A -- a summary of the results of its review of the 10-Ks filed by all the Fortune 500 companies during 2002. Although the summary states that "it is not intended to be an evaluation of the quality of disclosure," the same disappointment with the quality of MD&A expressed in several formal releases and public statements made by the SEC's staff sinceDecember 2001 is evident.