As part of its requirements under the Sarbanes-Oxley Act of 2002, the SEC reviews the financial reporting of every public company
Category: 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
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
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
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
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
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
Most Frequently Named Attorneys in SEC Comment Letters
Who are the attorneys that do the most work in helping their clients respond to SEC Comment Letters? In a recent
Is the SEC Captured? Evidence from Comment Letter Reviews
In this post, we look at a recent academic paper titled “Is the SEC Captured? Evidence from Comment-Letter Reviews”. Using Audit Analytics’ SEC Comment
SEC Comment Letters: A Six Year Trend
In this annual blog, we aim to discuss macro trends in SEC Comment Letters issued between 2010 and 2016. We typically
The People of SEC Comment Letters: 2016
The data found in SEC Comment Letters can offer insight into some overlooked areas of a company’s business. In the past year,
Could the MDC Partners Enforcement Action have been Predicted?
How likely is a company to be cited for a violation of non-GAAP reporting rules? Is non-GAAP violation a primary offense?
EBay Reports Material Weakness: Second Control Deficiency in Three Years
Last week on February 6, in its Fiscal 2016 10-K, eBay (EBAY) disclosed a material weakness in its internal controls over financial reporting (“ICFR“). The deficiency
SEC Comment Letters: Early Returns
Note: This post features a guest contribution from our friend Jack Ciesielski, the publisher of the Analyst’s Accounting Observer. Together with our friends at
Slacking is Status Quo after Christmas. Here’s Proof in SEC Filings.
If any extra motivation is needed to take that last sick day of the year around the holidays feel free to
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
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
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,
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
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:
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