PCAOB AUDITS & SEC COMPLIANCE

SEC Update on COVID-19

The U.S. Securities and Exchange Commission (SEC) provides updates of its response to the novel Coronavirus (“COVID-19” or “Coronavirus”) on its website at https://www.sec.gov/sec-coronavirus-covid-19-response. To date, the SEC’s actions include, among others, the following: On February 19, 2020, the SEC issued a joint statement, Effects of the Coronavirus on Financial Reporting that: Urged public companies [...]

2020-03-19T15:38:46-05:00March 19th, 2020|COVID-19, PCAOB AUDITS & SEC COMPLIANCE|

Understanding the Management’s Discussion and Analysis (MD&A) Disclosure

The Management’s Discussion and Analysis (MD&A) is an important disclosure in an annual report because it summarizes the financials and relays management’s insights into the company’s performance. Unlike other disclosures, it is written as a narrative, which allows it to offer key information in a more digestible way. What Is an MD&A? The U.S. Securities [...]

2018-12-20T15:28:22-06:00December 20th, 2018|PCAOB AUDITS & SEC COMPLIANCE|

How the SEC Bridges the Divide between GAAP and Non-GAAP Financial Measures: SEC Filings & Staff Concerns

Additional Articles in Series How the SEC Bridges the Divide between GAAP and Non-GAAP Financial Measures: Non-GAAP Measures & Requirements The SEC’s Division of Corporation Finance is cracking down on the use of non-GAAP financial measures. What is a non-GAAP measure? A non-GAAP measure is a supplemental figure that adjusts the most directly [...]

2018-11-12T15:44:26-06:00July 13th, 2017|PCAOB AUDITS & SEC COMPLIANCE|

How the SEC Bridges the Divide between GAAP and Non-GAAP Financial Measures: Non-GAAP Measures & Requirements

Additional Articles in Series How the SEC Bridges the Divide between GAAP and Non-GAAP Financial Measures: SEC Filings & Staff Concerns In this second article of the series, we will review the SEC rules regarding non-GAAP measures and discuss considerations that management should make when determining whether to include them. The Pillars of [...]

2018-11-12T15:44:43-06:00June 19th, 2017|PCAOB AUDITS & SEC COMPLIANCE|

3 Ways Public Companies Can Iron Out Their SEC Audit Processes

You’ve hired an experienced independent registered public accountant (“public company audit firm” or “audit firm”) for your public company audit. Now what? A transition plan that includes the below elements can help you iron out the wrinkles and establish a smooth transition. 1. Balancing Resources and Agility The size and structure of the audit firm [...]

2020-02-03T10:24:32-06:00April 13th, 2016|PCAOB AUDITS & SEC COMPLIANCE|