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Forum Submits Comments on Audit Committee Disclosure Concept Release

This week, the Forum submitted a comment letter to the SEC in response to a concept release regarding possible revisions to audit committee disclosures. The letter expresses concern that disclosing the topics or substance of discussions between the audit committee and the auditor could have the effect of chilling communications between the two. Such a result would render the audit committee less effective for shareholders. Additionally, the letter argues that in the fund context the additional disclosure would only add complexity and confusion to existing disclosure.

Comments submitted in response to the concept release are available here.