10Q Reporting Guide (2016) - Ernst & Young LLP
Published October 13, 2016
We are pleased to present our 2016 SEC quarterly reports, a reference guide to help you prepare your financial and related information for Form 10-Q.
The Securities Exchange Act of 1934 (Exchange Act or 1934 Act) requires most SEC registrants to file a quarterly report with the Securities and Exchange Commission (SEC) on Form 10-Q. The Form 10-Q includes condensed financial information and other data prepared by a company’s accounting personnel and reviewed by its independent auditors.
The purpose of Form 10-Q is to update information included in securities registration statements previously filed under the 1934 Act or the Securities Act of 1933 (Securities Act or 1933 Act). The SEC’s integrated disclosure system is designed so that the instructions in the various forms under the 1933 and 1934 Acts refer to Regulation S-X, Form and Content of and Requirements for Financial Statements, for financial statement disclosures and Regulation S-K, Standard Instructions for Filing Forms Under the Securities Act of 1933, Securities Exchange Act of 1934 and Energy Policy and Conservation Act of 1975, for the required nonfinancial statement disclosures.
By standardizing disclosure items in SEC filings, companies can incorporate information included in one document into other documents. For example, disclosures contained in a quarterly shareholders’ report can be incorporated into a Form 10-Q, and the Form 10-Q can be incorporated into 1933 Act filings such as Forms S-1, S-3, S-4 or S-8, subject to the eligibility requirements of these forms. Additionally, for continuous or delayed security offerings, documents filed after the initial effective date of a Form S-3 or S-8 are automatically incorporated by reference into these registration statements until the security offering is terminated.
When preparing reports on Form 10-Q, users of this publication should consider applicable changes to SEC reporting requirements adopted after 31 October 2015.
G.2 ey - 10 reporting guide (2016) (937.25 KB / pdf)