As part of its requirements under the Sarbanes-Oxley Act of 2002, the SEC reviews the financial reporting of every public company at least once every three years. If the SEC has questions, the company will receive a SEC Comment Letter. … Continue reading
Category Archives: SEC Comment Letters
Reasons for an Amended 10-K: 2017
Annual reports, or 10-Ks, are known for their extensive information relating to all aspects of a company’s business. With that being said, these files leave plenty of room for missed or omitted information, misstatements, or other inadvertent errors. In such … Continue reading
Non-GAAP Reporting One Year After New SEC Guidance
Audit Analytics released our latest report, Corporate Implementation of SEC’s Compliance & Disclosure Interpretations Regarding Non-GAAP Financial Measures, at this year’s annual AICPA conference on current SEC and PCAOB developments, held in Washington, D.C. The SEC recently provided an update to the Compliance & Disclosure … Continue reading
A Look at Top SEC Comment Letter Issues in 2017
2017 marked the eighth consecutive year of decline in the number of SEC comment letters. During the first six months of 2017, 2,315 letters1 were filed (905 CORRESPs and 1,410 UPLOADs) – a decrease of 246 letters (9.6%) from the first … Continue reading
Top Five to Celebrate First Five
We published our first blog post in October of 2012. Over the past five years, our analysts have shared their insights into various auditing and accounting trends and issues. Publishing more than 300 blogs, we have covered a vast array of … Continue reading
Axon Enterprise, “The Dog ate my Email”
Technology has greatly improved our lives. Without it, we wouldn’t be able to surf the net, track our steps, talk through watches, or use stories of weak cell signals and dead car batteries to get us out of trouble. But sometimes … Continue reading
SEC Updates Non-GAAP C&DIs for Business Combinations
On October 17, 2017, the SEC released two new updates to the Compliance & Disclosure Interpretations (“C&DIs”). The C&DIs comprise the Division’s interpretations of the rules and regulations on the use of non-GAAP financial measures. The two updates focus on the … Continue reading