SEC Filing Extensions are granted to corporations impacted by audit firms’ PCAOB compliance failures, wherein auditors fail to meet Public Company Accounting Oversight Board inspection and reporting requirements. When an audit firm’s PCAOB registration is revoked or suspended due to non-compliance, affected companies may struggle to obtain audited financial statements promptly, leading to potential delays in SEC filing deadlines. These extensions allow companies additional time to file their annual (Form 10-K) or quarterly (Form 10-Q) reports beyond the usual deadlines, acknowledging the disruptions caused by their auditor’s compliance issues. This flexibility enables companies to adhere to SEC regulations while addressing audit challenges, ensuring accurate financial disclosures to investors and stakeholders in due course.


File ID:  SEC-PR-2024-61 Date:  May 20, 2024 Accessed:  July 10, 2024 Headline:  SEC Issues Exemptive Order Providing Additional Time for Certain Registrants to File Quarterly Reports in Light of BF Borgers Permanent Suspension. Source: Categories: PCAOB COMPLIANCE FAILURES FILING EXTENSIONS SEC FILING EXTENSIONS SEC-PR-2024-61 – Viewer: ▼▼▼ (Download PDF File )