SEC Filings & Compliance

SEC Filings & Compliance

Many businesses find that they do not have internal capabilities to understand and follow the myriad of rules, regulations, interpretations and bulletins published by the US Securities and Exchange Commission (SEC) and the on-going changes.

…for example, the SEC is considering requiring public companies to comply with International Financial Reporting Standards (IFRS), which in many specific accounting areas depart from US generally accepted accounting principals (GAAP). Different timetables for enactment have been proposed for large and small companies. Specific GAAP review for convergence with IFRS by Financial Accounting Standards Board is underway. We are monitoring the developments with regard to this initiative. We can point out known changes that are currently or may be required under IFRS which vary from your current accounting practice and what you might need to do to comply with the new IFRS requirements.

…for example, the Sarbanes-Oxley Act requires extensive documentation of procedures, processes and controls to ensure continuing accuracy of the numbers and disclosures within financial reports. R3 Accounting, while not acting as auditor, can help company management assess the effectiveness of their financial reporting process.

…for example, small and medium sized business often can not justify retaining full-time employees to comply with the unscheduled, quarterly and annual filing requirements or registration statements. Our professionals can prepare and submit many of the required forms, and we will coordinate with your legal counsel to ensure every foreseeable filing matter is addressed.

…for example, the SEC can ask many questions. Should you receive an inquiry from the SEC, we can assist with the research necessary for the response.