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SEC Compliance & Reporting
SEC Compliance & Reporting

Many businesses find that they do not have internal capabilities to understand and follow the myriad of rules, regulations, interpretations and bulletins published by the US Securities and Exchange Commission (SEC) and the on-going changes.

…for example, the SEC is considering allowing foreign companies to report under International Financial Reporting Standards (IFRS), which in many specific accounting areas depart from US generally accepted accounting principles (GAAP).  Different timetables for enactment have been proposed for large and small companies.  Specific GAAP review for convergence with IFRS by Financial Accounting Standards Board is underway.  We are continually monitoring the developments with regard to this initiative.  We can point out known changes that are currently or may be required under IFRS which vary from your current accounting practice and what you might need to do to comply with the new IFRS requirements.

…for example, extensible business reporting language (XBRL) is now required for large and small reporting companies.  We can help with the tagging, mapping and other aspects of producing XBRL reports.

…for example, the Sarbanes-Oxley Act requires extensive documentation of procedures, processes and controls to ensure initial and continuing accuracy of the numbers and disclosures within financial reports.  While not  acting as auditor, we can help company management assess the effectiveness of their control and financial reporting process. We routinely prepare documentation to support business internal accounting and operating controls.

…for example, small and medium sized business often cannot justify retaining full-time employees to comply with regular quarterly and annual filing requirements, unscheduled filings or registration statements.  We can prepare and submit many of the required forms, and we will coordinate with your legal counsel to ensure every foreseeable filing matter is addressed.

…for example, the exchange where your securities trade typically requires periodic reports on their forms and other specific information. We can help you with gathering, reviewing and reporting this information.

…for example, the SEC can ask many questions.  Should you receive an inquiry from the SEC, we can assist with the research necessary for the response.

Our practice is forever mindful of Sarbanes-Oxley Act, Public Company Accounting Oversight Board and other SEC rules. Our Firm is typically positioned between your company and the auditor, thereby expediting the audit process and filing the reports. We are experts at establishing an on-going processes to make financial reporting easier, quicker and more meaningful.  Our year is dedicated to assisting with writing-up quarterly and annual financial reports for companies.

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