Securities and Exchange Commission (SEC), Financial Statements, Financial Restatements

New C&DIs Clarify Some Clawback Disclosure Questions

WilmerHale on 5/16/2025

Recently issued interpretive guidance from the SEC staff offers some answers for companies that find themselves having to decide whether and when to check one or both of the boxes on Form 10-K related to financial...more

Key Considerations for the 2024 Annual Reporting Season: Your Upcoming Form 20-F and other FPI-Specific Considerations

White & Case LLP on 1/26/2024

This memorandum outlines key considerations from White & Case's Public Company Advisory Group for foreign private issuers ("FPIs") during the 2024 annual reporting season, divided into two sections: Form 20-F Housekeeping...more

Dismissal of Putative Securities Class Action for Plug Power Inc.

Goodwin on 10/20/2022

On September 29, 2022, U.S. District Judge Edgardo Ramos of the Southern District of New York dismissed a putative securities class action against Plug Power Inc. and certain of its officers. Plaintiff brought suit...more

What happened with financial restatements in 2021?

Cooley LLP on 5/25/2022

Audit Analytics has just posted its 2021 annual review of financial restatements, which this year covered a 21-year period. The review showed a 289% increase in the number of restatements to 1470, the highest level of...more

SEC OCA Waves Big Red Flag About “Little R” Restatements

WilmerHale on 3/18/2022

SEC Acting Chief Accountant Paul Munter released a statement last week, Assessing Materiality: Focusing on the Reasonable Investor When Evaluating Errors (the “Statement”), that is sure to become required reading for any...more

California CPAs Report Few Restatements But Many Are Not Reportable

Allen Matkins on 2/14/2018

California's Accountancy Act requires licensees to report to the California Board of Accountancy, among other things, "Any restatement of a financial statement and related disclosures by a client audited by the licensee". ...more