February 27, 2003

Just in time for Friday’s

Just in time for Friday’s “SEC Speaks” program (affectionately known as “SEC Spleaks” by alumni), Corp Fin has released a summary of significant issues addressed in its review of 10-Ks of the Fortune 500 companies. The Summary states that comment letters have been sent to more than 350 companies – and that the Staff is continuing to work with many companies as they respond to comments. This Summary is at

The Summary is an objective, factual summary that concentrates on what the SEC staff sees as common deficiencies – staffers already are saying that they anticipate a similar review of “large” – but not necessarily the Fortune 500 – companies for next year, focusing on the same type of issues (i.e. revenue recognition, restructuring charges, liquidity) – as well as compliance with the new rules.