HighDrive NetworkHighDrive NetworkHighDrive NetworkHighDrive Network
  • Programs
    • The BusinessMakers
    • The EnergyMakers
    • HXTV
    • HealthMakers
    • BusinessMakers USA
    • Entrepreneur’s Playbook
    • Business Builders
    • Brandonomics
    • Women Mean Business
    • Biz Moments
  • About HighDrive
  • Contact

SEC Comment Letters

Entrepreneur's Playbook | Episode: 701 | Guests: Miriam Rouziek | 0
Jen discusses trends in SEC comment letters with Miriam Rouziek, an audit manager and member of the PKF Texas SEC team. Miriam explains what the SEC may focus on in the letter, as well as what to do if you receive one.

Jen: This is the PKF Texas Entrepreneur’s Playbook. I’m Jen Lemanski and I’m here with Miriam Rouziek, an Audit Manager and a member of the PKF Texas SEC team. Miriam, welcome to the Playbook.

Miriam: Thank you for having me, Jen.

Jen: As a member of the SEC team I know you handle comment letters for our clients and work with them on those. What trends are you seeing coming from the SEC in regard to those letters?

Miriam: We’ve noticed a steady decline in SEC comment letters over the years. Since 2018, there’s been a steady decline of about 25%, which is comparable to the decline we saw in 2017. The comment letters are going to be focused on revenue recognition, coming up soon, since the new guidance has been implemented for about a year with the SEC companies. The majority of comment letters are still going to be focused on larger companies, usually with a market cap of seven hundred million dollars or more. Those are your larger and more highly accelerated filers who have an accelerated due date; usually in February. These companies are going to have the majority of comment letters. Smaller companies like the ones PKF handles are usually going to have a smaller portion of the comment letters, and especially in more technical areas, they’re not going to see as many comment letters on those.

Jen: If a company receives one of these comment letters, they should call you guys, right?

Miriam: Correct. Usually, they should call us or call their attorney who handles their SEC filings. We can have meetings with the SEC attorney and with the client and we will be able to talk them through the process, talk them through the comments that the SEC has, and any issues they have with the process, helping them figure out what they need to do. Most companies think that the first thing they need to do is call the SEC and have a restatement of their financial statements, but that’s not actually true. Most of the SEC comments are usually geared towards requesting more information, walking the SEC through the disclosures, and the thought process of the company.

Jen: Perfect. Well, I think we’ll have to get you back to talk a little bit more. Can we get you back?

Miriam: Absolutely.

Jen: Awesome. For more about this topic, visit pkftexas.com/secdesk. This has been another Thought Leader Production brought to you by PKF Texas The Entrepreneur’s Playbook. Tune in next week for another chapter.

brought to you by

Recent Entrepreneur's Playbook Episodes

Getting the Due Diligence Process Started

Getting the Due Diligence Process Started

In this episode of PKF Texas – The Entrepreneur’s Playbook®, Audit Senior Manager Kimberly ...
Entrepreneur's Playbook
The Advantages of Sell-Side Due Diligence

The Advantages of Sell-Side Due Diligence

In this episode of PKF Texas – The Entrepreneur’s Playbook®, Jen Lemanski is joined ...
Entrepreneur's Playbook
Start Thinking About Selling Your Business Now

Start Thinking About Selling Your Business No...

In this episode of PKF Texas – The Entrepreneur’s Playbook®, Chris Hatten discusses how ...
Entrepreneur's Playbook
The Current State of M&A Markets

The Current State of M&A Markets

M&A Markets are “hot” right now! What’s contributing to this current trend? Jen Lemanski ...
Entrepreneur's Playbook
How JV Solutions Can Help

How JV Solutions Can Help

JV Solutions is a division of Joint Venture Strategic Advisors (JVSA), offering the energy ...
Entrepreneur's Playbook
The History and Beginnings of JVSA

The History and Beginnings of JVSA

Now that you’ve learned about Joint Venture Strategic Advisors (JVSA) and its service offerings, ...
Entrepreneur's Playbook
Load More Episodes Loading...
© HighDrive 2018-2019 | All Rights Reserved
  • About HighDrive
  • Charlotte, NC
  • Columbus Ohio
  • Contact HighDrive
  • Fort Lauderdale
  • HighDrive Network
  • HighDrive Programs
    • Biz Moments
    • Brandonomics
    • Business Builders
    • BusinessMakers USA
    • Entrepreneur’s Playbook
    • HealthMakers
    • HXTV
    • The BusinessMakers
    • The EnergyMakers
    • Women Mean Business
  • HighDrive Weekly
  • Indianapolis Indiana
  • Kansas City
  • Milwaukee
  • Nashville
  • Oklahoma City
  • Raleigh NC
  • San Antonio
  • Seattle
HighDrive Network