Automotive: 2015 SEC comment letter trends


Download: Automotive: 2015 SEC comment letter trends

Take a closer look at the latest automotive SEC comment letters and trends to prepare your end of year financial reports and high quality annual reports.

As 2015 draws to an end, we know many of you are turning your attention to the preparation of your year-end financial statements. Over the past year, companies in our industry have been dealing with business challenges, such as fluctuating foreign exchange rates and have been active in acquisitions and restructurings. With these challenges and changes, together with ongoing regulatory developments in the financial reporting environment, this is a great time to refresh your understanding of the SEC staff’s areas of focus when it comes to preparing high quality annual reports. We have prepared this publication to assist you with identifying and understanding the SEC’s recent areas of focus specific to the automotive industry. The topic areas summarized in this publication are based on comment letters issued by the SEC staff to automotive companies and posted on the SEC’s EDGAR website from October 1, 2014 to September 30, 2015. 

We have provided relevant examples of recent comments in these topic areas to aid you in ensuring that your disclosures are robust and consistent with relevant accounting and reporting guidance and recent reporting trends. In some instances, we have included relevant examples from other industries, which may be applicable to automotive industry companies as well. 

We hope you find this summary to be a useful reference tool, and we look forward to working with you through this financial reporting season. Please do not hesitate to reach out to your engagement team, the PwC contacts listed at the end of this publication or the PwC Automotive team to discuss the information in more detail. 

Related content: