Planning for a Faster Close – Are You Ready?

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Planning for a Faster Close – Are You Ready?

With the advent of faster filing requirements by the Securities and Exchange Commission (SEC), U.S. companies have an added reason to speed up the financial close process. Consequently, increased attention is being paid to this important area. 

In September 2002, the SEC published rules that phased in quicker filing deadlines for companies submitting Forms 10-K and 10-Q. Though several modifications and postponements had been made since the original rule, companies must still file more quickly than in years past.

 

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