By Cydney Posner

Following is a link to a slide presentation from the Corp Fin Chief Accountant regarding staff review of common financial reporting issues facing smaller issuers. (The real substance doesn't start until after page 13.) The presentation addresses the most common comments issued to smaller companies related to financial reporting, including comments regarding MD&A, reverse mergers and "back door" registrations, business combinations, goodwill, intangible and long-lived assets, predecessor financial statements, equity transactions, embedded conversion options and freestanding warrants, revenue recognition, smaller reporting company status, disclosure controls and procedures, internal control over financial reporting and Form 8-K. Of course, much of the information may be equally relevant to larger companies.

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