Information Leakage Around SEC Comment Letters

The authors acknowledge valuable comments from two anonymous reviewers and Brian Bushee, accounting department editor, along with Kris Allee, Zahn Bozanic, Ted Christiansen, Ling Lisic, Musa Subasi, and workshop participants at Virginia Commonwealth University and the 2017 BYU Accounting Research Symposium. M. A. Geiger and B. Johnson both served as the SEC academic fellow in the Office of the Chief Accountant. The views expressed here are their own and do not necessarily represent those of the Commission or any of the SEC staff.