SEC Pre-Filing Reviews

All public companies face frequently changing and complex accounting and SEC reporting issues. SEC scrutiny of company filings and underlying controls has been on the rise. Many companies, especially smaller public companies, lack the internal resources to comprehensively deal with these financial reporting and SEC compliance matters. Sections 302 and 404 of the Sarbanes Oxley Act (SOX), and related SEC rules, now require all public companies to have appropriate resources to decipher and apply new accounting rules, prepare complete and accurate SEC filings, and maintain appropriate controls without the assistance or reliance on the external auditor.

Candela Solutions partners with public companies to work towards compliance with SEC rules and regulations. We provide detailed pre-filing desk reviews of 10-Qs and 10-Ks (all items, including the MD&A), assistance in responding to SEC comment letters, and other financial reporting and SEC compliance matters. We do not perform audit, tax, or attestation work so our services are never in conflict with independence rules triggered by SOX. Our Compliance team works with you and your staff to cohesively provide a level of internal review and support to complement your controllership and compliance functions.

Many small to midsized SEC registrants cannot afford permanent SEC and financial-reporting staff to keep up with the current GAAP and SEC reporting rules and to review SEC filings for compliance. We enhance the internal control over financial and regulatory reporting by providing a detailed review of SEC filings. Our team also serves as an ongoing resource for GAAP and SEC compliance issues.

Larger public companies can also benefit as Candela Solutions works closely with our strategic partner, Audit Integrity, to assess an entity's risk profile. The statistically driven approach in identifying risks allows our team to move past traditional consulting recommendations by providing insights and improvements to your business model. In conjunction with Audit Integrity, Candela Solutions provides statistically compelling evidence identifying risk areas in an entity's business model or on their publicly reported financial statements and disclosures.