• The informal definition of wilderness refers to a practice established by the SEC that requires an industry-wide audit whenever critical issues are found in one or two companies in that industry.

  • Wildcatting is a term used in the oil industry when companies drill test wells for oil in unexplored or undeveloped areas.
  • The trick came after the passage of the Sarbanes-Oxley Act of 2002, which provided greater transparency for investors.