In this edition of our annual publication, we have analyzed SEC staff comment letters to registrants across the entire energy sector, including upstream, midstream, downstream, oilfield services, and mining.
Accounting and financial reporting are at the heart of the SEC’s core mission. Accurate, reliable, and transparent financial information provide investors the tools they need to make informed decisions and build the trust and confidence that promote capital formation. So it comes as no surprise that 2015 was another year of heavy interest for the SEC in the accounting and financial reporting arena.
The main objective of this publication is to provide you with information to make your financial reporting more effective and to proactively address potential SEC comments. We hope you find it useful and we look forward to working with you throughout your year-end financial reporting process.