SEC Reporting

The Securities and Exchange Commission (SEC) requires a public company to file financial reports based on specific time periods or material changes in the business.  The process of creating these reports is at best a long and many times arduous process for companies.

When reviewing staffing options for these duties, finance and accounting leaders typically look for local resources that can also perform other financial reporting or accounting duties as SEC reporting workloads will fluctuate throughout the year.  Another staffing option includes engaging an outside consultant who specializes in SEC reporting.  Unfortunately, both options present issues as finding and retaining internal resources to focus on SEC reporting is often difficult while consultants are expensive and do not offer continuity from one reporting period to another.

There is another option.  Utilizing Consero SEC reporting resources provides the best of both worlds – the company-knowledgeable consistency of an internal hire with the best practice expertise and efficiency of a consultant.

The following describes the elements that comprise the Consero SEC Reporting Service:

• Preparation of financial statements and footnotes including properly formatted 8-K, 10-Q, 10-K, and Proxy statements
• Coordination and scheduling of company-wide reporting activities
• Primary interface for all SEC reporting stakeholders
• Recommendations for all new GAAP and SEC reporting requirements
• Compliance with SOX disclosure requirements
• Support for investor relations including press releases as well as investor and analyst briefings
  

When making a decision to use a third-party provider, it is critical that the provider have deep experience in the intricacies and resulting best practices of SEC reporting.  Having implemented and executed SEC reporting for numerous public companies across multiple industries, Consero staff members have this experience assuring the client that Consero can assist or own all of its corporate SEC reporting responsibilities.