Deep Dive into SEC Comment Letter Trends Webinar (1 Hour)

The SEC Division of Corporate Finance’s filing review process is a key function utilized by the SEC staff to monitor the critical accounting and disclosure decisions applied by registrants. Comments are based primarily on a company’s disclosure and other public information, such as websites, press releases, and analyst calls. Nonpublic information, such as whistleblower tips and PCAOB inspection reports, can also be a source of comments. Recent significant changes in ASC topics are responsible for many comments, however that does not tell the whole story. There are often recurring themes.

In this webinar, SEC experts will explore these recurring themes that should be observed and understood when crafting financial statement disclosures, MD&A disclosures, and investor presentations. In addition, they will also explain the comment letter process and best practices for responding to SEC comment letters and effectively closing a filing review.
 

AGENDA HIGHLIGHTS

•  SEC Review Process
   – Review frequency
   – Triggers
      – Material restatements
      – Financial metrics
      – Significant volatility in stock price
      – Large market capitalization
      – Emerging companies

•  SEC Comment Letter Process

•  Comment Letter Trends
   – High focus areas
      – Revenue Recognition (Topic 606)
      – Leases (Topic 842)
      – Non-GAAP financial measures
      – MD&A
      – Segments
      – Intangibles and goodwill
      – Fair value
      – Business combinations
      – Income taxes

LEARNING OBJECTIVE  To give accountants and other financial professionals a greater understanding of the SEC staff comment process,
recent trends in comment letters, the best ways to avoid SEC reviews, and how to effectively close a filing review.

PREREQUISITE  None.    ADVANCE PREPARATION  None.    PROGRAM LEVEL  Update.   NASBA FIELD OF STUDY  Auditing.
DELIVERY METHOD  Group Internet-Based.