PwC issued comments on the SEC’s Request for Comment on the Effectiveness of Financial Disclosures about Entities Other than the Registrant. We commend the SEC for re-examining the effectiveness of financial disclosures about entities other than the registrant that are required by Regulation S-X. We offer our recommendations and observations regarding specific provisions of the applicable sections of Regulation S-X to improve their effectiveness and in some cases, reduce the cost of compliance. We encourage the SEC to continue its outreach to investors, preparers, and other groups to obtain feedback in connection with its disclosure effectiveness initiative.
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