Staff members at the Securities and Exchange Commission have compiled a list of tips for preparers based on issues they commonly flag in their routine filing reviews, many of them driven by the poor economy and the debt crisis in Europe.
The SEC is looking carefully at how troubles abroad might affect companies and how they are explaining it to investors, said staff members speaking at a conference sponsored by the American Institute of Certified Public Accountants. Exposure to foreign debt and foreign currency exchanges, for example, are high on reviewers' checklists. Exposures in five specific countries deserve special attention—Greece, Ireland, ...