SEC Reporting Services
Navigating public company reporting: Building the foundation for SEC compliance
As you prepare to become a public company or become subject to SEC regulations for financial reporting, you’re entering a world where compliance requirements become significantly more complex, frequently evolving, and faster paced.
Complying with SEC reporting demands deep knowledge and experience in the application of SEC rules and regulations in a practical manner. The transition from private company financial statements to SEC-compliant reporting requires careful planning and project management to navigate deadlines, technical knowledge, and rigorous attention to detail to help ensure the accuracy of SEC filings.
The SEC Reporting Challenge
SEC reporting goes well beyond producing GAAP-compliant financial statements. You’ll need to comply with quarterly reporting of financial information and aspects of financial accounting applicable specifically to SEC registrants.
Companies are faced with sections within their SEC filings such as:
- MD&A
- Cybersecurity
- Beneficial ownership disclosures and calculations
- Disclosures about market risk
- Executive compensation
- Controls and procedures
Connect with an SEC Reporting Professional
SEC filers often encounter technical matters related to:
- Pro-forma disclosures
- Non-GAAP measures
- Registration statements
- Dilution calculations
- Earnings releases
- Proxy statements
- Significance tests for evaluating reporting requirements for business combinations
- Current reports
The accuracy and timeliness of their preparation are of paramount importance for the company’s stakeholders, public relations as well as managing the risk of non-compliance penalties.
Core Compliance Requirements
Regulation S-X
Defines the form and content of financial statements, including balance sheets, income statements, and cash flows.
Regulation S-K
Outlines requirements for qualitative, non-financial disclosures such as MD&A, business description, risk factors, legal proceedings, and executive compensation.
Internal controls
Procedures, certifications and requirements for compliance with Section 404 of the Sarbanes-Oxley Act of 2022 relating to internal control over financial reporting.
Filing deadlines
Accelerated, large accelerated and non-accelerated timelines depending on various facets of the company’s size with significant penalties for late filings.
Technical Accounting Complexities
Companies often underestimate the work involved:
- Reassessing accounting policies for SEC acceptability in complex areas such as derivatives, debt and equity hybrid or convertible instruments, equity method investees, leases, carve-outs or business combinations.
- Implementing robust quarterly reporting processes with compressed timelines while ensuring the underlying data is accurate and reliable.
- Establishing procedures for earnings per share calculations, segment disclosures, disaggregation of revenue and expenses.
- Evaluating and enhancing valuation methodologies and assumptions.
- Developing comprehensive footnote disclosures.
How We Support SEC Reporting Readiness
Our SEC reporting services help you navigate the transition from private to public company reporting. We conduct comprehensive gap assessments to identify areas where your current accounting and reporting practices fall short of SEC requirements. This includes evaluating your accounting policies, internal controls, financial statement presentation, and disclosure practices.
We help you implement quarterly and annual reporting processes that meet SEC deadlines, including procedures for earnings per share calculations, segment reporting, and other specialized requirements. Our team prepares technical accounting memorandums supporting significant accounting positions and helps you develop comprehensive footnote disclosures.
For companies in the IPO readiness stage, we provide technical accounting support throughout the registration process, helping you address SEC staff comment letters and implement necessary accounting changes. We coordinate with your auditors, legal counsel, and investment bankers to address technical accounting aspects of your offering.
Once you are a publicly reporting entity, we assist companies by navigating ongoing quarterly and annual SEC requirements on a fully outsourced basis or providing supplemental support to internal teams.
Building Sustainable Reporting Infrastructure
Effective SEC reporting requires more than just technical accounting knowledge; it requires robust processes, systems, and controls. We help you establish the infrastructure needed to sustain compliance over time, including documentation standards, review procedures, and training for your accounting team. Contact us to discuss your SEC reporting readiness.
Start the conversation
Looking for a team who understands where you’re headed and how to help you get there? Whether you’re building something new, managing growth or preserving success, let’s talk.