Dear Students, This week we will discuss the accounting information reported in SEC filings: A Wall Street Journal article reports that every year, SEC lawyers and accountants review several thousand of the more than half-million documents that companies file with the agency. They are concerned primarily with accounting inconsistencies and breaches of securities regulations. However, they are also interested in companies using "plain English" in adhering to full disclosure. In your opinion, what is "plain English"? Discuss why plain English is valuable in financial reporting and why something other than plain English would be used. Iran