SOX 404 Disclosures: First-Time Auditor Attestations

Posted on July 12, 2018 by Kati Skurka

In 2017, the administration proposed raising the bar to permanently exempt companies with market cap of less than $250 million from the audit attestation requirement – up from $75 million. The major goal of the proposal is to spur growth … Continue reading →

SEC’s Focus in IPO Comment Letters

Posted on July 9, 2018 by Kristyn Plante and Patricia Ntiamoah

In a January 2016 post, we examined trends in IPO comment letters between 2013 and 2015, including several metrics designed to shed light on the length and level of detail of the pre-IPO review process. In this blog, we extended … Continue reading →

Companies Paying Less in Accounting and Legal Fees to IPO

Posted on February 22, 2018 by Michalina Bogdan and Jean Bradford

The average amount of accounting and legal fees disclosed by IPO companies slightly declined in 2017. Compared to 2016, average accounting fees in 2017 decreased 10% to $0.85 million and average legal fees decreased 16% to $1.42 million. Audit Analytics … Continue reading →

A Review of Recent Regulation A+ Offerings

Posted on February 20, 2018 by Kristina Pulaski

Amendments to Regulation A (Regulation A+) went into effect in 2015. The SEC proposed Regulation A+ to satisfy provisions of the 2012 JOBS Act that called for increasing access to public capital for early stage companies. The hope was that … Continue reading →