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Largest companies more often miss filing deadlines, new report shows

Tammy Whitehouse | May 26, 2016

The number of late annual filings has tapered off in recent years, but a growing number of the biggest companies in U.S. capital markets are finding it difficult to get their annual reports filed on time, according to a recent analysis by Audit Analytics.

Across all public companies, the number of companies that have filed a Form NT 10-K to indicate their annual filing will be late has fallen from a high of 2,256 in 2005 when Sarbanes-Oxley was still new to a low of 1,256 in 2015. Across large accelerated filers, however, or those with a public float greater than $700 million, the trend is different.

In 2010, for example, only 10 large accelerated filers gave notice to the markets that their 10-K would be late. By 2015, 32 companies fell into that category of late filers, more than tripling the raw number...

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