Note: This post has been edited from a previous version. At Audit Analytics, we review hundreds of thousands of filings per year. In the course of those reviews, we come across typos, communications apparently not meant for public disclosure, and … Continue reading
Monthly Archives: January 2016
Common Topics in IPO Comment Letters
Taking a company public can be a long and difficult process. An IPO can easily take a year or more to complete, and the preparations can begin long before a formal S-1 is filed. Then, once filed, an S-1 has to … Continue reading
Cybersecurity Disclosures in Risk Factors
Cybersecurity has become a staple item within the Risk Factors section for the vast majority of public companies. In 2015, over 88% of Russell 3000 companies disclosed cybersecurity as a risk. In addition, over two percent of companies that disclosed cybersecurity … Continue reading
Non-GAAP Metrics in SAB 99 Materiality Analyses
The pros and cons of non-GAAP metrics have been discussed in more than a few recent articles. Proponents of non-GAAP frequently claim that GAAP contains many ambiguities and loopholes, and that non-GAAP metrics can be more current and relevant. Opponents sometimes … Continue reading