Alas, even the SEC’s registration filing fees aren’t immune to inflation. Recently, the SEC announced a nearly 34% increase to its registration fees. Beginning October 1, 2023 – which is the start of the SEC’s fiscal year – the registration fee rate will increase from $110.20 per million dollars to $147.60 per million dollars.
Securities
Recently, I blogged about what to do when you disagree with your auditor. Now I cover what to do when you break up. There are many reasons a company may find itself disengaging with its external auditor. For example, (1) the parties could face an irreconcilable disagreement, requiring the auditor to resign; (2) the auditor
I used to work as an auditor and I dreaded major disagreements with company management (which meant more stress, more work, and more scrutiny). Now, as a corporate attorney, I get excited. Here are the basic rules regarding disagreements between public companies and their external auditors:
Taking a step back, the Sarbanes-Oxley Act directs the
Last month, the PCAOB issued a proposal for public comment (Release No. 2023-003) to replace current AS 2405 (“Illegal Acts by Clients”), in its entirety with a new AS 2405 (“A Company’s Noncompliance with Laws and Regulations”). If adopted, the proposal would strengthen auditor requirements to identify, evaluate, and communicate possible or actual
Changing your fiscal year-end? Why would you want to do that? This is the kind of oddball topic that might surface only once or twice during your career.
Most companies have a fiscal year-end that matches the calendar year. Their quarters end on March 31st, June 30th, September 30th and
With the April 13th deadline for mandatory Edgar filing for all Form 144s looming just ahead, the SEC amended Regulation S-T last week to expand the daily window for filing Forms 144 so that the “end of the day” deadline will be 10:00 p.m. Eastern Standard Time or Eastern Daylight Saving Time (whichever is currently
With the SEC’s final cybersecurity and climate disclosure rules just around the bend, and with increased scrutiny of disclosure already required under current rules, it’s fair to ask yourself whether it’s time to reevaluate your disclosure controls and procedures (DCPs). While the exact requirements of the final rules remain unknown, the picture has been painted
As we blogged back then, the SEC changed its rules last summer to finally mandate the Edgar filing of those few forms that were still being permitted to be filed in paper – mainly Form 144s and glossy annual reports. At the time, the SEC provided a six-month transition period for electronic filings of glossy