SEC comment letters
- PwC 2012 SEC Comment Letter Trends for Industry Sectors
1/29/13 | Assurance services
PwC discusses key comment letter trends and considerations for the drafting of 2012 year-end financial reporting based on industry related comment letters published by the SEC staff on Form 10-Ks and Form 10-Qs. Reports are available for the following industries: Automotive, Energy companies, Industrial products, Power & utilities, and Retail & consumer.
PwC comment letter (SEC)
PwC Comments on the SEC's Revisions to Auditor Independence Requirements1/31/12 | Assurance services
PwC provides its perspective on the rules to be reviewed in accordance with the requirements of the Regulatory Flexibility Act. PwC's comments are focused on auditor independence requirements approved by the SEC in November 2000, highlighting areas where the firm believes those rules may have a detrimental impact on small companies, investors and the U.S. capital markets.
PwC comment letter (SEC)
PwC Comments on SEC Staff Paper: Exploring a Possible Method of Incorporation of IFRS8/4/11 | Assurance services
PwC commends the SEC staff for their continued, thorough evaluation of whether, when and how IFRS should be incorporated into the US financial reporting system. PwC continues to support a vision of a single set of high-quality, global accounting standards that are consistently applied, and the Firm believes that IFRS provides the best basis for achieving this vision. In PwC's opinion, further improvements are still required in the quality of accounting standards and more work is required by standard setters, preparers, auditors, and key capital market securities regulators to improve the consistency of IFRS application. PwC also believes that the endorsement approach described in the staff paper is a fair starting point from which to...
PwC comment letter (SEC)
PwC Comments on Proposed Rules for Implementing Whistleblower Provisions of Section 21F of the Securities Exchange Act of 193412/30/10 | Assurance services
PwC recommends that the final rules require, as a condition of eligibility for an award, that the whistleblower report the information through its entity's internal reporting mechanism at least concurrently with reporting the information to the SEC. In addition, PwC believes that accounting firm employees should be excluded from eligibility for whistleblower awards, not just pursuant to the limited exclusions identified in the proposed rules. PwC believes the proposed broader scope of the exclusion is consistent with the functions of accounting firms and that whistleblower reports by accounting firm personnel are appropriately channeled through existing legal and professional requirements, as well as through internal accounting firm...