If any extra motivation is needed to take that last sick day of the year around the holidays feel free to justify it with SEC filing data. Over the past five years there’s been a decrease in filings of about 50% … Continue reading
Category Archives: SEC Comment Letters
SEC Comment Letters: A Look at Top Issues in 2016
Each year, Audit Analytics looks at the big picture of comment letter activity to see what important issues the SEC is focusing on, and how they compare to prior years. In the first half of 2016, 2,491 comment letters 1 (1,452 … Continue reading
Comment Letters with No Response
What happens when a company doesn’t return or fully comply with an SEC comment letter? Receiving a comment letter from the SEC might cause a CFO to suffer some heartburn, but usually the process is no cause for undue concern. Under … Continue reading
SEC Comments on a BNY Mellon Capital Ratio Error
The recent turmoil surrounding Deutsche Bank, and speculations that one of the largest European banks may not survive without a bailout, yet again bring to light the importance of capital reserves that banks are required to hold. It should come … Continue reading
A Big Change in Bank of America’s Accounting Policy
Voluntary changes in accounting principle are usually disclosed in so-called preferability letters, but occasionally a significant change will be disclosed in an 8-K current report. Last Friday, Bank of America did just that, disclosing that they would be changing their method of … Continue reading
2015 SEC Filing Highlights, Part 1 of 2
In this post, our second annual “best-of-the-year” review, we’ll look at 2015 filings for some of the highlights of the year: the largest restatement, for example, and the biggest overseas stash. We’ll also look at lengthy comment letter correspondence, give a quick recap of … Continue reading
Update on “SEC Comment Letters: A Five Year Trend” (2015)
Last year we published a blog post reporting on the significant decline in the number of SEC comment letters that refer to issues in 10-K and 10-Q filings. In this post, we look at comment letters from 2015 to see if that trend continued. The … Continue reading