As a public company, an SEC registrant's financial reporting and disclosure practices are subject to review by the SEC staff in connection with the Division of Corporation Finance's filing review process. An existing SEC registrant's filings are, by law, subject to review at least once every three years.
First time registrants, including companies undertaking initial public offerings, as well as registrants with transactional filings for business combinations, other securities offerings, and proxy solicitations, are subject to reviews that need to be cleared before initiating the transaction.
Effectively resolving questions raised during the filing review process is often critical to ensuring access to the public capital markets, executing M&A and other capital markets transactions, and successfully supporting financial reporting and disclosure practices.
By drawing on PwC's experience with public company accounting and financial reporting, and extensive experience with the SEC review process, companies are better positioned to develop financial reporting and disclosure practices that withstand regulatory scrutiny, anticipate potential areas of SEC focus in future filings, and meet constantly evolving expectations for clear and transparent financial reporting.
Impacts to companies:
What companies should do: