Category: Financial Reporting 2518

As 2024 unfolds, businesses face a new set of disclosure requirements that bring both challenges and opportunities. These changes, spanning various aspects of corporate governance and financial reporting, are essential for transparency and investor protection. Staying ahead of these updates is crucial for companies to ensure com
When a company files an S-1 registration statement with the SEC, it’s laying the groundwork to offer securities, like stocks, to the public. A notice of effectiveness from the SEC is a green light, signalling that the S-1 filing is complete and complies with all requirements. This notice is crucial because it allows the compan
Changes to the SEC Rule 15c2-11 went into effect on September 28, 2021. The new rules address amended 15c2-11 application requirements, requirements for public disclosure of information before quoting a security, unsolicited quotes, and the expanded role of the OTC Markets Group.  See our previous articles about the exact requ
Recently, due to COVID-19, exchange listed companies have been struggling to comply with rules set forth for timely administration of annual shareholder meetings and SEC filings. Considering these situations and the fact that many listed companies are facing the risk of not meeting the continued listing standards, the SEC and ex
Effective December 12, 2019, the OTCQX rules to list and maintain a company on the OTCQX have been modified. The OTCQX listing holds the highest level of entry compared to its kinship with other market tiers on OTC Markets, and inherently has "high standards". By complying to these recent changes, issuers can still remain on
Many companies and consultants help others comply with eXtensible Business Reporting Language (XBRL) formatting. You may not know everything about XBRL, but it’s a good idea to learn from your providers and experts about what to do and when. You will be more prepared and may make fewer mistakes in the future. Complying with XB