SEC Pre-Filing Reviews
All public companies face rapidly changing and complex accounting and SEC reporting matters. SEC scrutiny of company filings and underlying controls has been on the rise. Many companies, especially smaller public companies, could benefit by having an independent advisor and reviewer on their team to comprehensively deal with financial reporting and SEC compliance matters. Sections 302 and 404 of the Sarbanes Oxley Act (SOX), and related SEC rules, 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 of their external auditor.
Candela Solutions partners with public companies to accomplish 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. Candela Solutions cohesively provides 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 internal controls over financial and regulatory reporting through a detailed review of SEC filings. Our team can also serve as an ongoing resource for U.S. GAAP and SEC compliance issues.
Larger public companies can also benefit as Candela Solutions works closely with our strategic partner, GovernanceMetrics International, 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 GovernanceMetrics, Candela Solutions provides statistically compelling evidence identifying risk areas in an entity's business model or on their publicly reported financial statements and disclosures.
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