One of many duties in the SEC's responsibility as a financial gate keeper is to review public companies financial filings by their $10$Ks $/10*$ Qs with an issuance of $"$ Comment Letters Review $"$ and or SEC's issuance of "Accounting Auditing Enforcement Release $($AAER $)"($You may refer to SEC.gov website for details$).$ Please discuss your take on these important responsibilities to safe guard of financial reporting process $.$