notices - See details
Notices
JB
Judy Beckman (not verified)
23rd November 2013 | 11:13am

The SEC is now developing a model for investigating phrasing in disclosures to better detect signals for possible fraud. This was reported in the Wall Street Journal and I have discussed it with at least one partner in a CPA firm. The SEC is concerned about too many false positives in models that use only numerical financial statement data. Have you or the CFA considered/done any work in this area?