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SEC Declining to Comment (in Letters)

Audit Analytics | December 8, 2014

This article is cross-posted courtesy of Audit Analytics.

The number of SEC comment letters regarding 10-Ks and 10-Qs issued during the first six months of 2014 decreased about 25 percent compared to the same period in 2013. The SEC is required to review each registrant’s financial statements at least once every three years, and these reviews often lead the SEC to send letters to the company asking management to clarify a point or expand on a disclosure or a number of other such issues. Companies have to respond, and some comments can turn into fairly long conversations drawn out over many months and...

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