What is SEC filer status?
In short
Securities and Exchange Commission (SEC) filers are classified by public float, the market value of shares held by non-affiliates: large accelerated filers ($700 million or more), accelerated filers ($75 million to $700 million) and non-accelerated filers.
Key takeaways
- Annual reports are due 60, 75 or 90 days after year-end; quarterly reports 40 days for accelerated filers and 45 days for others.
- Accelerated and large accelerated filers need an auditor's report on internal control.
- Smaller reporting companies with annual revenue under $100 million aren't accelerated filers.
Where it's tested
FAR: Public Company Reporting, Segments & Interim Reporting — study notes, a five-minute revision sheet and practice questions.
Practise: 3 questions
Question 1 of 3 · 0 answered
A large accelerated filer must file its Form 10-K within how many days after fiscal year-end?