Power and Utilities: 2015 SEC comment letter trends


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PwC’s Power and Utilities Industry Group has developed this publication to assist management teams in understanding some of the SEC’s current focus areas as well as other financial reporting hot topics.

Most reporting entities in the power and utilities industry are getting ready to prepare their 2015 year-end financial statements. A key consideration in the reporting process is ensuring meaningful and transparent financial information is provided to investors. To assist reporting entities in meeting that challenge, we have prepared the attached 2015 SEC comment letter and disclosure trends for the power and utilities industry.  

We have highlighted the areas where power and utilities registrants received the most comments from the SEC staff and have provided relevant examples of recent comment letters to aid preparers in ensuring their disclosures are robust and consistent with the relevant accounting and reporting guidance. This publication includes an update and discussion around the SEC’s disclosure effectiveness project and an overview of the SEC comment letter process and related best practices. The document also includes our views on key considerations in the preparation of the Form 10-K, and benchmarks and data from our survey of financial reporting trends in the power and utilities industry.

Our goal in preparing this publication is to provide controllers and financial reporting specialists with relevant information for the upcoming financial reporting season. We hope you find the insights and examples in this report to be both informative and useful as you navigate your year-end reporting process.

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