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Often
a CFO is over-tasked and understaffed due to the extensive operating and information obligations attached to the office, as well as budgetary constraints
related to staffing. Common reporting & disclosure issues can consume disproportionate amounts of the limited staff hours available and complex issues can overextend
or exhaust them. And at the times when the CFO and the auditors do not share the same view on interpretive GAAP issues, the CFO's limited resources do not allow them to construct comprehensive, SEC supported alternatives for their approach.
The auditors can often provide technical direction through their national office's SEC Practice Section. But these views can just as often reflect the firm-specific biases and risk constraints of their national office, which may not consider the distinguishing characteristics of the client's unique facts & circumstances.
Moreover, strict independence laws & rules preclude auditor involvement in any of management's decision making. As a result, national office consults quickly become expensive and are limited in value. The SEC Practice partners are not personally available to the client to construct the reporting solution, articulate it to the audit committee, or guide the client through the interface with the SEC staff.
Street Disclosure fuses technical know-how with the craft of disclosure and an insider's
understanding of the SEC resolution process to optimize the solution. We believe the success of any adviser lies squarely in its ability to
improve decision-making. We understand that our clients are looking for ways to reduce costs, save time and increase efficiencies.
They want a team member that adds value and improves its relationship with the SEC and investors.
Whether the client is supported by practiced external resources, or is a Smaller Reporting
Company seeking a level playing field, Street Disclosure brings value by providing the client with a distinct edge to manage its financial reporting and disclosure obstacles.
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