Automotive: 2014 SEC comment letter trends

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12/04/2014 by Automotive
Automotive: 2014 SEC comment letter trends

At a glance

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. The information summarized in this report is based on comment letters issued to companies in the automotive sector and closed by the SEC between October 1, 2013 and September 30, 2014.

As 2014 draws near to an end, we know many of you are turning your attention to the preparation of your year-end financial statements. With the continued uncertainties in the economic and regulatory 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 sector. The topic areas summarized in this publication are based on comment letters issued by the SEC staff to automotive companies and published between October 1, 2013 and September 30, 2014.

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 but which may be applicable to automotive companies.

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 or a PwC contact to discuss the information contained in this publication.