Download - 10-K and 10-Q Filings
![Page 1: 10-K and 10-Q Filings](https://reader034.vdocument.in/reader034/viewer/2022051322/546eb1fab4af9fa5268b4792/html5/thumbnails/1.jpg)
Presentation 10-K and 10-Q Filings
When it comes to public disclosure mind your Ks and Qs
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Did you know Did you know
2
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
In 2012 the longest 10-K filing was 359 pages while the shortest was 1 page
359 pages 1 page
3
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The average number of pages in a 10-K filing was 4317 pages
4317 pages
4
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Did you also know
5
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Regardless of length 10-K filings and 10-Q filings are two of the richest sources of intelligence for investors
stakeholders competitors and analysts
6
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Why
7
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
These filings contain a wealth of information
Auditor information
Foreign operations
ProductsPlant and property
Directors and ocers
Current financials
Company summary
10-K filings
8
Financialstatements
Use ofproceeds
Exhibits
Legal proceedings
Controlprocedures
RiskfactorsMarket
risk
MDampAs
10-Q filings
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
9
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When is information released
10
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
10-K filings
60 days afteryear-end
Filing due
Large accelerated filers
75 days afteryear-end
Accelerated filers
90 days afteryear-end
Non-accelerated filers
Filing due Filing due
11
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
10-Q filings
40 days after
quarter-end
Filing due
Large accelerated amp accelerated filers
45
Non-accelerated filers
days afterquarter-end
Filing due
12
In 2012 there were
8235 10-K filings
23863 10-Q filings
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
13
Not including amended filings
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Of these
of 10-K filings were filed late
19
of 10-Q filings were filed late
13
14
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Thatrsquos a lot of late filings
15
Why so many
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
16
Common reason for filing late 1
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
17
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Outsourcing XBRL tagging
Pencils down time
=
18
The longer the pencils down time the higher the risk
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
19
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
With a pencils down time there is a higher risk of bottlenecks With more bottlenecks there aremore obstacles to achieve timely filing
20
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Common reason for filing late 2
21
Errors in financial statements
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
22
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
These are caused by weak internal controls or inecient reporting practices
23
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
44 of narratives within NT 10-K filings and 57 of narratives within NT 10-Qfilings contained issues related to financial statements
24
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
What happens when filings are late
25
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Shareholders lose confidence
26
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Late filings cause stock to drop an average of 244
196 decrease in stock value for late 10-Ks
293 decrease in stock value for late 10-Qs
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
27
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The reason for filing late also impacts the
decrease in stock value
28
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to accounting reasons
283 decrease in stock value for late 10-Qs
109 decrease in stock value for late 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
29
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When companies cited multiple reasons for filing late the impact on stock value was even more significant
30
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to multiple reasons
548 decrease in stock value for 10-Qs
473 decrease in stock value for 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
31
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The best ways to prevent late and noncompliant 10-K and 10-Q filings
32
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
33
Print this Use a SEC filings Calendar to keep on top of deadlines
Read this Understand the truths about XBRL tagging
Know this A Guide to Common Filing Errors and How to Avoid Them
33
Resources
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
34
Would you like to learn more about how to pull intelligence from 10-K and 10-Q filings
Contact us
DisclosureNettrade330 Bay Street Suite 200Toronto ON M5H2S8T 8669743638F 4169130446
General InquiriesT 8669743638 x0infodisclosurenetcom
SolutionsT 8669743638 x2solutionsdisclosurenetcom
![Page 2: 10-K and 10-Q Filings](https://reader034.vdocument.in/reader034/viewer/2022051322/546eb1fab4af9fa5268b4792/html5/thumbnails/2.jpg)
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Did you know Did you know
2
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
In 2012 the longest 10-K filing was 359 pages while the shortest was 1 page
359 pages 1 page
3
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The average number of pages in a 10-K filing was 4317 pages
4317 pages
4
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Did you also know
5
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Regardless of length 10-K filings and 10-Q filings are two of the richest sources of intelligence for investors
stakeholders competitors and analysts
6
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Why
7
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
These filings contain a wealth of information
Auditor information
Foreign operations
ProductsPlant and property
Directors and ocers
Current financials
Company summary
10-K filings
8
Financialstatements
Use ofproceeds
Exhibits
Legal proceedings
Controlprocedures
RiskfactorsMarket
risk
MDampAs
10-Q filings
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
9
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When is information released
10
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
10-K filings
60 days afteryear-end
Filing due
Large accelerated filers
75 days afteryear-end
Accelerated filers
90 days afteryear-end
Non-accelerated filers
Filing due Filing due
11
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
10-Q filings
40 days after
quarter-end
Filing due
Large accelerated amp accelerated filers
45
Non-accelerated filers
days afterquarter-end
Filing due
12
In 2012 there were
8235 10-K filings
23863 10-Q filings
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
13
Not including amended filings
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Of these
of 10-K filings were filed late
19
of 10-Q filings were filed late
13
14
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Thatrsquos a lot of late filings
15
Why so many
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
16
Common reason for filing late 1
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
17
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Outsourcing XBRL tagging
Pencils down time
=
18
The longer the pencils down time the higher the risk
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
19
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
With a pencils down time there is a higher risk of bottlenecks With more bottlenecks there aremore obstacles to achieve timely filing
20
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Common reason for filing late 2
21
Errors in financial statements
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
22
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
These are caused by weak internal controls or inecient reporting practices
23
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
44 of narratives within NT 10-K filings and 57 of narratives within NT 10-Qfilings contained issues related to financial statements
24
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
What happens when filings are late
25
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Shareholders lose confidence
26
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Late filings cause stock to drop an average of 244
196 decrease in stock value for late 10-Ks
293 decrease in stock value for late 10-Qs
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
27
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The reason for filing late also impacts the
decrease in stock value
28
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to accounting reasons
283 decrease in stock value for late 10-Qs
109 decrease in stock value for late 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
29
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When companies cited multiple reasons for filing late the impact on stock value was even more significant
30
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to multiple reasons
548 decrease in stock value for 10-Qs
473 decrease in stock value for 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
31
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The best ways to prevent late and noncompliant 10-K and 10-Q filings
32
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
33
Print this Use a SEC filings Calendar to keep on top of deadlines
Read this Understand the truths about XBRL tagging
Know this A Guide to Common Filing Errors and How to Avoid Them
33
Resources
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
34
Would you like to learn more about how to pull intelligence from 10-K and 10-Q filings
Contact us
DisclosureNettrade330 Bay Street Suite 200Toronto ON M5H2S8T 8669743638F 4169130446
General InquiriesT 8669743638 x0infodisclosurenetcom
SolutionsT 8669743638 x2solutionsdisclosurenetcom
![Page 3: 10-K and 10-Q Filings](https://reader034.vdocument.in/reader034/viewer/2022051322/546eb1fab4af9fa5268b4792/html5/thumbnails/3.jpg)
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
In 2012 the longest 10-K filing was 359 pages while the shortest was 1 page
359 pages 1 page
3
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The average number of pages in a 10-K filing was 4317 pages
4317 pages
4
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Did you also know
5
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Regardless of length 10-K filings and 10-Q filings are two of the richest sources of intelligence for investors
stakeholders competitors and analysts
6
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Why
7
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
These filings contain a wealth of information
Auditor information
Foreign operations
ProductsPlant and property
Directors and ocers
Current financials
Company summary
10-K filings
8
Financialstatements
Use ofproceeds
Exhibits
Legal proceedings
Controlprocedures
RiskfactorsMarket
risk
MDampAs
10-Q filings
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
9
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When is information released
10
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
10-K filings
60 days afteryear-end
Filing due
Large accelerated filers
75 days afteryear-end
Accelerated filers
90 days afteryear-end
Non-accelerated filers
Filing due Filing due
11
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
10-Q filings
40 days after
quarter-end
Filing due
Large accelerated amp accelerated filers
45
Non-accelerated filers
days afterquarter-end
Filing due
12
In 2012 there were
8235 10-K filings
23863 10-Q filings
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
13
Not including amended filings
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Of these
of 10-K filings were filed late
19
of 10-Q filings were filed late
13
14
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Thatrsquos a lot of late filings
15
Why so many
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
16
Common reason for filing late 1
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
17
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Outsourcing XBRL tagging
Pencils down time
=
18
The longer the pencils down time the higher the risk
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
19
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
With a pencils down time there is a higher risk of bottlenecks With more bottlenecks there aremore obstacles to achieve timely filing
20
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Common reason for filing late 2
21
Errors in financial statements
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
22
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
These are caused by weak internal controls or inecient reporting practices
23
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
44 of narratives within NT 10-K filings and 57 of narratives within NT 10-Qfilings contained issues related to financial statements
24
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
What happens when filings are late
25
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Shareholders lose confidence
26
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Late filings cause stock to drop an average of 244
196 decrease in stock value for late 10-Ks
293 decrease in stock value for late 10-Qs
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
27
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The reason for filing late also impacts the
decrease in stock value
28
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to accounting reasons
283 decrease in stock value for late 10-Qs
109 decrease in stock value for late 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
29
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When companies cited multiple reasons for filing late the impact on stock value was even more significant
30
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to multiple reasons
548 decrease in stock value for 10-Qs
473 decrease in stock value for 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
31
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The best ways to prevent late and noncompliant 10-K and 10-Q filings
32
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
33
Print this Use a SEC filings Calendar to keep on top of deadlines
Read this Understand the truths about XBRL tagging
Know this A Guide to Common Filing Errors and How to Avoid Them
33
Resources
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
34
Would you like to learn more about how to pull intelligence from 10-K and 10-Q filings
Contact us
DisclosureNettrade330 Bay Street Suite 200Toronto ON M5H2S8T 8669743638F 4169130446
General InquiriesT 8669743638 x0infodisclosurenetcom
SolutionsT 8669743638 x2solutionsdisclosurenetcom
![Page 4: 10-K and 10-Q Filings](https://reader034.vdocument.in/reader034/viewer/2022051322/546eb1fab4af9fa5268b4792/html5/thumbnails/4.jpg)
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The average number of pages in a 10-K filing was 4317 pages
4317 pages
4
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Did you also know
5
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Regardless of length 10-K filings and 10-Q filings are two of the richest sources of intelligence for investors
stakeholders competitors and analysts
6
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Why
7
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
These filings contain a wealth of information
Auditor information
Foreign operations
ProductsPlant and property
Directors and ocers
Current financials
Company summary
10-K filings
8
Financialstatements
Use ofproceeds
Exhibits
Legal proceedings
Controlprocedures
RiskfactorsMarket
risk
MDampAs
10-Q filings
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
9
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When is information released
10
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
10-K filings
60 days afteryear-end
Filing due
Large accelerated filers
75 days afteryear-end
Accelerated filers
90 days afteryear-end
Non-accelerated filers
Filing due Filing due
11
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
10-Q filings
40 days after
quarter-end
Filing due
Large accelerated amp accelerated filers
45
Non-accelerated filers
days afterquarter-end
Filing due
12
In 2012 there were
8235 10-K filings
23863 10-Q filings
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
13
Not including amended filings
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Of these
of 10-K filings were filed late
19
of 10-Q filings were filed late
13
14
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Thatrsquos a lot of late filings
15
Why so many
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
16
Common reason for filing late 1
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
17
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Outsourcing XBRL tagging
Pencils down time
=
18
The longer the pencils down time the higher the risk
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
19
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
With a pencils down time there is a higher risk of bottlenecks With more bottlenecks there aremore obstacles to achieve timely filing
20
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Common reason for filing late 2
21
Errors in financial statements
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
22
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
These are caused by weak internal controls or inecient reporting practices
23
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
44 of narratives within NT 10-K filings and 57 of narratives within NT 10-Qfilings contained issues related to financial statements
24
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
What happens when filings are late
25
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Shareholders lose confidence
26
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Late filings cause stock to drop an average of 244
196 decrease in stock value for late 10-Ks
293 decrease in stock value for late 10-Qs
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
27
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The reason for filing late also impacts the
decrease in stock value
28
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to accounting reasons
283 decrease in stock value for late 10-Qs
109 decrease in stock value for late 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
29
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When companies cited multiple reasons for filing late the impact on stock value was even more significant
30
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to multiple reasons
548 decrease in stock value for 10-Qs
473 decrease in stock value for 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
31
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The best ways to prevent late and noncompliant 10-K and 10-Q filings
32
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
33
Print this Use a SEC filings Calendar to keep on top of deadlines
Read this Understand the truths about XBRL tagging
Know this A Guide to Common Filing Errors and How to Avoid Them
33
Resources
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
34
Would you like to learn more about how to pull intelligence from 10-K and 10-Q filings
Contact us
DisclosureNettrade330 Bay Street Suite 200Toronto ON M5H2S8T 8669743638F 4169130446
General InquiriesT 8669743638 x0infodisclosurenetcom
SolutionsT 8669743638 x2solutionsdisclosurenetcom
![Page 5: 10-K and 10-Q Filings](https://reader034.vdocument.in/reader034/viewer/2022051322/546eb1fab4af9fa5268b4792/html5/thumbnails/5.jpg)
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Did you also know
5
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Regardless of length 10-K filings and 10-Q filings are two of the richest sources of intelligence for investors
stakeholders competitors and analysts
6
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Why
7
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
These filings contain a wealth of information
Auditor information
Foreign operations
ProductsPlant and property
Directors and ocers
Current financials
Company summary
10-K filings
8
Financialstatements
Use ofproceeds
Exhibits
Legal proceedings
Controlprocedures
RiskfactorsMarket
risk
MDampAs
10-Q filings
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
9
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When is information released
10
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
10-K filings
60 days afteryear-end
Filing due
Large accelerated filers
75 days afteryear-end
Accelerated filers
90 days afteryear-end
Non-accelerated filers
Filing due Filing due
11
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
10-Q filings
40 days after
quarter-end
Filing due
Large accelerated amp accelerated filers
45
Non-accelerated filers
days afterquarter-end
Filing due
12
In 2012 there were
8235 10-K filings
23863 10-Q filings
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
13
Not including amended filings
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Of these
of 10-K filings were filed late
19
of 10-Q filings were filed late
13
14
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Thatrsquos a lot of late filings
15
Why so many
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
16
Common reason for filing late 1
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
17
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Outsourcing XBRL tagging
Pencils down time
=
18
The longer the pencils down time the higher the risk
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
19
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
With a pencils down time there is a higher risk of bottlenecks With more bottlenecks there aremore obstacles to achieve timely filing
20
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Common reason for filing late 2
21
Errors in financial statements
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
22
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
These are caused by weak internal controls or inecient reporting practices
23
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
44 of narratives within NT 10-K filings and 57 of narratives within NT 10-Qfilings contained issues related to financial statements
24
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
What happens when filings are late
25
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Shareholders lose confidence
26
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Late filings cause stock to drop an average of 244
196 decrease in stock value for late 10-Ks
293 decrease in stock value for late 10-Qs
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
27
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The reason for filing late also impacts the
decrease in stock value
28
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to accounting reasons
283 decrease in stock value for late 10-Qs
109 decrease in stock value for late 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
29
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When companies cited multiple reasons for filing late the impact on stock value was even more significant
30
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to multiple reasons
548 decrease in stock value for 10-Qs
473 decrease in stock value for 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
31
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The best ways to prevent late and noncompliant 10-K and 10-Q filings
32
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
33
Print this Use a SEC filings Calendar to keep on top of deadlines
Read this Understand the truths about XBRL tagging
Know this A Guide to Common Filing Errors and How to Avoid Them
33
Resources
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
34
Would you like to learn more about how to pull intelligence from 10-K and 10-Q filings
Contact us
DisclosureNettrade330 Bay Street Suite 200Toronto ON M5H2S8T 8669743638F 4169130446
General InquiriesT 8669743638 x0infodisclosurenetcom
SolutionsT 8669743638 x2solutionsdisclosurenetcom
![Page 6: 10-K and 10-Q Filings](https://reader034.vdocument.in/reader034/viewer/2022051322/546eb1fab4af9fa5268b4792/html5/thumbnails/6.jpg)
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Regardless of length 10-K filings and 10-Q filings are two of the richest sources of intelligence for investors
stakeholders competitors and analysts
6
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Why
7
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
These filings contain a wealth of information
Auditor information
Foreign operations
ProductsPlant and property
Directors and ocers
Current financials
Company summary
10-K filings
8
Financialstatements
Use ofproceeds
Exhibits
Legal proceedings
Controlprocedures
RiskfactorsMarket
risk
MDampAs
10-Q filings
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
9
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When is information released
10
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
10-K filings
60 days afteryear-end
Filing due
Large accelerated filers
75 days afteryear-end
Accelerated filers
90 days afteryear-end
Non-accelerated filers
Filing due Filing due
11
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
10-Q filings
40 days after
quarter-end
Filing due
Large accelerated amp accelerated filers
45
Non-accelerated filers
days afterquarter-end
Filing due
12
In 2012 there were
8235 10-K filings
23863 10-Q filings
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
13
Not including amended filings
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Of these
of 10-K filings were filed late
19
of 10-Q filings were filed late
13
14
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Thatrsquos a lot of late filings
15
Why so many
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
16
Common reason for filing late 1
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
17
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Outsourcing XBRL tagging
Pencils down time
=
18
The longer the pencils down time the higher the risk
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
19
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
With a pencils down time there is a higher risk of bottlenecks With more bottlenecks there aremore obstacles to achieve timely filing
20
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Common reason for filing late 2
21
Errors in financial statements
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
22
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
These are caused by weak internal controls or inecient reporting practices
23
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
44 of narratives within NT 10-K filings and 57 of narratives within NT 10-Qfilings contained issues related to financial statements
24
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
What happens when filings are late
25
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Shareholders lose confidence
26
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Late filings cause stock to drop an average of 244
196 decrease in stock value for late 10-Ks
293 decrease in stock value for late 10-Qs
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
27
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The reason for filing late also impacts the
decrease in stock value
28
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to accounting reasons
283 decrease in stock value for late 10-Qs
109 decrease in stock value for late 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
29
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When companies cited multiple reasons for filing late the impact on stock value was even more significant
30
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to multiple reasons
548 decrease in stock value for 10-Qs
473 decrease in stock value for 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
31
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The best ways to prevent late and noncompliant 10-K and 10-Q filings
32
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
33
Print this Use a SEC filings Calendar to keep on top of deadlines
Read this Understand the truths about XBRL tagging
Know this A Guide to Common Filing Errors and How to Avoid Them
33
Resources
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
34
Would you like to learn more about how to pull intelligence from 10-K and 10-Q filings
Contact us
DisclosureNettrade330 Bay Street Suite 200Toronto ON M5H2S8T 8669743638F 4169130446
General InquiriesT 8669743638 x0infodisclosurenetcom
SolutionsT 8669743638 x2solutionsdisclosurenetcom
![Page 7: 10-K and 10-Q Filings](https://reader034.vdocument.in/reader034/viewer/2022051322/546eb1fab4af9fa5268b4792/html5/thumbnails/7.jpg)
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Why
7
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
These filings contain a wealth of information
Auditor information
Foreign operations
ProductsPlant and property
Directors and ocers
Current financials
Company summary
10-K filings
8
Financialstatements
Use ofproceeds
Exhibits
Legal proceedings
Controlprocedures
RiskfactorsMarket
risk
MDampAs
10-Q filings
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
9
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When is information released
10
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
10-K filings
60 days afteryear-end
Filing due
Large accelerated filers
75 days afteryear-end
Accelerated filers
90 days afteryear-end
Non-accelerated filers
Filing due Filing due
11
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
10-Q filings
40 days after
quarter-end
Filing due
Large accelerated amp accelerated filers
45
Non-accelerated filers
days afterquarter-end
Filing due
12
In 2012 there were
8235 10-K filings
23863 10-Q filings
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
13
Not including amended filings
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Of these
of 10-K filings were filed late
19
of 10-Q filings were filed late
13
14
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Thatrsquos a lot of late filings
15
Why so many
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
16
Common reason for filing late 1
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
17
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Outsourcing XBRL tagging
Pencils down time
=
18
The longer the pencils down time the higher the risk
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
19
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
With a pencils down time there is a higher risk of bottlenecks With more bottlenecks there aremore obstacles to achieve timely filing
20
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Common reason for filing late 2
21
Errors in financial statements
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
22
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
These are caused by weak internal controls or inecient reporting practices
23
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
44 of narratives within NT 10-K filings and 57 of narratives within NT 10-Qfilings contained issues related to financial statements
24
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
What happens when filings are late
25
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Shareholders lose confidence
26
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Late filings cause stock to drop an average of 244
196 decrease in stock value for late 10-Ks
293 decrease in stock value for late 10-Qs
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
27
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The reason for filing late also impacts the
decrease in stock value
28
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to accounting reasons
283 decrease in stock value for late 10-Qs
109 decrease in stock value for late 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
29
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When companies cited multiple reasons for filing late the impact on stock value was even more significant
30
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to multiple reasons
548 decrease in stock value for 10-Qs
473 decrease in stock value for 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
31
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The best ways to prevent late and noncompliant 10-K and 10-Q filings
32
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
33
Print this Use a SEC filings Calendar to keep on top of deadlines
Read this Understand the truths about XBRL tagging
Know this A Guide to Common Filing Errors and How to Avoid Them
33
Resources
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
34
Would you like to learn more about how to pull intelligence from 10-K and 10-Q filings
Contact us
DisclosureNettrade330 Bay Street Suite 200Toronto ON M5H2S8T 8669743638F 4169130446
General InquiriesT 8669743638 x0infodisclosurenetcom
SolutionsT 8669743638 x2solutionsdisclosurenetcom
![Page 8: 10-K and 10-Q Filings](https://reader034.vdocument.in/reader034/viewer/2022051322/546eb1fab4af9fa5268b4792/html5/thumbnails/8.jpg)
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
These filings contain a wealth of information
Auditor information
Foreign operations
ProductsPlant and property
Directors and ocers
Current financials
Company summary
10-K filings
8
Financialstatements
Use ofproceeds
Exhibits
Legal proceedings
Controlprocedures
RiskfactorsMarket
risk
MDampAs
10-Q filings
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
9
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When is information released
10
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
10-K filings
60 days afteryear-end
Filing due
Large accelerated filers
75 days afteryear-end
Accelerated filers
90 days afteryear-end
Non-accelerated filers
Filing due Filing due
11
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
10-Q filings
40 days after
quarter-end
Filing due
Large accelerated amp accelerated filers
45
Non-accelerated filers
days afterquarter-end
Filing due
12
In 2012 there were
8235 10-K filings
23863 10-Q filings
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
13
Not including amended filings
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Of these
of 10-K filings were filed late
19
of 10-Q filings were filed late
13
14
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Thatrsquos a lot of late filings
15
Why so many
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
16
Common reason for filing late 1
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
17
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Outsourcing XBRL tagging
Pencils down time
=
18
The longer the pencils down time the higher the risk
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
19
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
With a pencils down time there is a higher risk of bottlenecks With more bottlenecks there aremore obstacles to achieve timely filing
20
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Common reason for filing late 2
21
Errors in financial statements
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
22
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
These are caused by weak internal controls or inecient reporting practices
23
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
44 of narratives within NT 10-K filings and 57 of narratives within NT 10-Qfilings contained issues related to financial statements
24
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
What happens when filings are late
25
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Shareholders lose confidence
26
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Late filings cause stock to drop an average of 244
196 decrease in stock value for late 10-Ks
293 decrease in stock value for late 10-Qs
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
27
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The reason for filing late also impacts the
decrease in stock value
28
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to accounting reasons
283 decrease in stock value for late 10-Qs
109 decrease in stock value for late 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
29
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When companies cited multiple reasons for filing late the impact on stock value was even more significant
30
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to multiple reasons
548 decrease in stock value for 10-Qs
473 decrease in stock value for 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
31
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The best ways to prevent late and noncompliant 10-K and 10-Q filings
32
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
33
Print this Use a SEC filings Calendar to keep on top of deadlines
Read this Understand the truths about XBRL tagging
Know this A Guide to Common Filing Errors and How to Avoid Them
33
Resources
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
34
Would you like to learn more about how to pull intelligence from 10-K and 10-Q filings
Contact us
DisclosureNettrade330 Bay Street Suite 200Toronto ON M5H2S8T 8669743638F 4169130446
General InquiriesT 8669743638 x0infodisclosurenetcom
SolutionsT 8669743638 x2solutionsdisclosurenetcom
![Page 9: 10-K and 10-Q Filings](https://reader034.vdocument.in/reader034/viewer/2022051322/546eb1fab4af9fa5268b4792/html5/thumbnails/9.jpg)
Financialstatements
Use ofproceeds
Exhibits
Legal proceedings
Controlprocedures
RiskfactorsMarket
risk
MDampAs
10-Q filings
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
9
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When is information released
10
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
10-K filings
60 days afteryear-end
Filing due
Large accelerated filers
75 days afteryear-end
Accelerated filers
90 days afteryear-end
Non-accelerated filers
Filing due Filing due
11
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
10-Q filings
40 days after
quarter-end
Filing due
Large accelerated amp accelerated filers
45
Non-accelerated filers
days afterquarter-end
Filing due
12
In 2012 there were
8235 10-K filings
23863 10-Q filings
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
13
Not including amended filings
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Of these
of 10-K filings were filed late
19
of 10-Q filings were filed late
13
14
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Thatrsquos a lot of late filings
15
Why so many
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
16
Common reason for filing late 1
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
17
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Outsourcing XBRL tagging
Pencils down time
=
18
The longer the pencils down time the higher the risk
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
19
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
With a pencils down time there is a higher risk of bottlenecks With more bottlenecks there aremore obstacles to achieve timely filing
20
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Common reason for filing late 2
21
Errors in financial statements
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
22
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
These are caused by weak internal controls or inecient reporting practices
23
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
44 of narratives within NT 10-K filings and 57 of narratives within NT 10-Qfilings contained issues related to financial statements
24
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
What happens when filings are late
25
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Shareholders lose confidence
26
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Late filings cause stock to drop an average of 244
196 decrease in stock value for late 10-Ks
293 decrease in stock value for late 10-Qs
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
27
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The reason for filing late also impacts the
decrease in stock value
28
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to accounting reasons
283 decrease in stock value for late 10-Qs
109 decrease in stock value for late 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
29
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When companies cited multiple reasons for filing late the impact on stock value was even more significant
30
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to multiple reasons
548 decrease in stock value for 10-Qs
473 decrease in stock value for 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
31
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The best ways to prevent late and noncompliant 10-K and 10-Q filings
32
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
33
Print this Use a SEC filings Calendar to keep on top of deadlines
Read this Understand the truths about XBRL tagging
Know this A Guide to Common Filing Errors and How to Avoid Them
33
Resources
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
34
Would you like to learn more about how to pull intelligence from 10-K and 10-Q filings
Contact us
DisclosureNettrade330 Bay Street Suite 200Toronto ON M5H2S8T 8669743638F 4169130446
General InquiriesT 8669743638 x0infodisclosurenetcom
SolutionsT 8669743638 x2solutionsdisclosurenetcom
![Page 10: 10-K and 10-Q Filings](https://reader034.vdocument.in/reader034/viewer/2022051322/546eb1fab4af9fa5268b4792/html5/thumbnails/10.jpg)
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When is information released
10
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
10-K filings
60 days afteryear-end
Filing due
Large accelerated filers
75 days afteryear-end
Accelerated filers
90 days afteryear-end
Non-accelerated filers
Filing due Filing due
11
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
10-Q filings
40 days after
quarter-end
Filing due
Large accelerated amp accelerated filers
45
Non-accelerated filers
days afterquarter-end
Filing due
12
In 2012 there were
8235 10-K filings
23863 10-Q filings
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
13
Not including amended filings
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Of these
of 10-K filings were filed late
19
of 10-Q filings were filed late
13
14
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Thatrsquos a lot of late filings
15
Why so many
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
16
Common reason for filing late 1
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
17
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Outsourcing XBRL tagging
Pencils down time
=
18
The longer the pencils down time the higher the risk
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
19
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
With a pencils down time there is a higher risk of bottlenecks With more bottlenecks there aremore obstacles to achieve timely filing
20
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Common reason for filing late 2
21
Errors in financial statements
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
22
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
These are caused by weak internal controls or inecient reporting practices
23
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
44 of narratives within NT 10-K filings and 57 of narratives within NT 10-Qfilings contained issues related to financial statements
24
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
What happens when filings are late
25
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Shareholders lose confidence
26
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Late filings cause stock to drop an average of 244
196 decrease in stock value for late 10-Ks
293 decrease in stock value for late 10-Qs
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
27
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The reason for filing late also impacts the
decrease in stock value
28
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to accounting reasons
283 decrease in stock value for late 10-Qs
109 decrease in stock value for late 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
29
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When companies cited multiple reasons for filing late the impact on stock value was even more significant
30
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to multiple reasons
548 decrease in stock value for 10-Qs
473 decrease in stock value for 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
31
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The best ways to prevent late and noncompliant 10-K and 10-Q filings
32
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
33
Print this Use a SEC filings Calendar to keep on top of deadlines
Read this Understand the truths about XBRL tagging
Know this A Guide to Common Filing Errors and How to Avoid Them
33
Resources
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
34
Would you like to learn more about how to pull intelligence from 10-K and 10-Q filings
Contact us
DisclosureNettrade330 Bay Street Suite 200Toronto ON M5H2S8T 8669743638F 4169130446
General InquiriesT 8669743638 x0infodisclosurenetcom
SolutionsT 8669743638 x2solutionsdisclosurenetcom
![Page 11: 10-K and 10-Q Filings](https://reader034.vdocument.in/reader034/viewer/2022051322/546eb1fab4af9fa5268b4792/html5/thumbnails/11.jpg)
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
10-K filings
60 days afteryear-end
Filing due
Large accelerated filers
75 days afteryear-end
Accelerated filers
90 days afteryear-end
Non-accelerated filers
Filing due Filing due
11
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
10-Q filings
40 days after
quarter-end
Filing due
Large accelerated amp accelerated filers
45
Non-accelerated filers
days afterquarter-end
Filing due
12
In 2012 there were
8235 10-K filings
23863 10-Q filings
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
13
Not including amended filings
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Of these
of 10-K filings were filed late
19
of 10-Q filings were filed late
13
14
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Thatrsquos a lot of late filings
15
Why so many
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
16
Common reason for filing late 1
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
17
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Outsourcing XBRL tagging
Pencils down time
=
18
The longer the pencils down time the higher the risk
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
19
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
With a pencils down time there is a higher risk of bottlenecks With more bottlenecks there aremore obstacles to achieve timely filing
20
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Common reason for filing late 2
21
Errors in financial statements
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
22
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
These are caused by weak internal controls or inecient reporting practices
23
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
44 of narratives within NT 10-K filings and 57 of narratives within NT 10-Qfilings contained issues related to financial statements
24
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
What happens when filings are late
25
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Shareholders lose confidence
26
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Late filings cause stock to drop an average of 244
196 decrease in stock value for late 10-Ks
293 decrease in stock value for late 10-Qs
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
27
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The reason for filing late also impacts the
decrease in stock value
28
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to accounting reasons
283 decrease in stock value for late 10-Qs
109 decrease in stock value for late 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
29
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When companies cited multiple reasons for filing late the impact on stock value was even more significant
30
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to multiple reasons
548 decrease in stock value for 10-Qs
473 decrease in stock value for 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
31
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The best ways to prevent late and noncompliant 10-K and 10-Q filings
32
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
33
Print this Use a SEC filings Calendar to keep on top of deadlines
Read this Understand the truths about XBRL tagging
Know this A Guide to Common Filing Errors and How to Avoid Them
33
Resources
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
34
Would you like to learn more about how to pull intelligence from 10-K and 10-Q filings
Contact us
DisclosureNettrade330 Bay Street Suite 200Toronto ON M5H2S8T 8669743638F 4169130446
General InquiriesT 8669743638 x0infodisclosurenetcom
SolutionsT 8669743638 x2solutionsdisclosurenetcom
![Page 12: 10-K and 10-Q Filings](https://reader034.vdocument.in/reader034/viewer/2022051322/546eb1fab4af9fa5268b4792/html5/thumbnails/12.jpg)
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
10-Q filings
40 days after
quarter-end
Filing due
Large accelerated amp accelerated filers
45
Non-accelerated filers
days afterquarter-end
Filing due
12
In 2012 there were
8235 10-K filings
23863 10-Q filings
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
13
Not including amended filings
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Of these
of 10-K filings were filed late
19
of 10-Q filings were filed late
13
14
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Thatrsquos a lot of late filings
15
Why so many
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
16
Common reason for filing late 1
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
17
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Outsourcing XBRL tagging
Pencils down time
=
18
The longer the pencils down time the higher the risk
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
19
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
With a pencils down time there is a higher risk of bottlenecks With more bottlenecks there aremore obstacles to achieve timely filing
20
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Common reason for filing late 2
21
Errors in financial statements
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
22
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
These are caused by weak internal controls or inecient reporting practices
23
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
44 of narratives within NT 10-K filings and 57 of narratives within NT 10-Qfilings contained issues related to financial statements
24
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
What happens when filings are late
25
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Shareholders lose confidence
26
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Late filings cause stock to drop an average of 244
196 decrease in stock value for late 10-Ks
293 decrease in stock value for late 10-Qs
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
27
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The reason for filing late also impacts the
decrease in stock value
28
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to accounting reasons
283 decrease in stock value for late 10-Qs
109 decrease in stock value for late 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
29
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When companies cited multiple reasons for filing late the impact on stock value was even more significant
30
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to multiple reasons
548 decrease in stock value for 10-Qs
473 decrease in stock value for 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
31
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The best ways to prevent late and noncompliant 10-K and 10-Q filings
32
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
33
Print this Use a SEC filings Calendar to keep on top of deadlines
Read this Understand the truths about XBRL tagging
Know this A Guide to Common Filing Errors and How to Avoid Them
33
Resources
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
34
Would you like to learn more about how to pull intelligence from 10-K and 10-Q filings
Contact us
DisclosureNettrade330 Bay Street Suite 200Toronto ON M5H2S8T 8669743638F 4169130446
General InquiriesT 8669743638 x0infodisclosurenetcom
SolutionsT 8669743638 x2solutionsdisclosurenetcom
![Page 13: 10-K and 10-Q Filings](https://reader034.vdocument.in/reader034/viewer/2022051322/546eb1fab4af9fa5268b4792/html5/thumbnails/13.jpg)
In 2012 there were
8235 10-K filings
23863 10-Q filings
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
13
Not including amended filings
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Of these
of 10-K filings were filed late
19
of 10-Q filings were filed late
13
14
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Thatrsquos a lot of late filings
15
Why so many
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
16
Common reason for filing late 1
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
17
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Outsourcing XBRL tagging
Pencils down time
=
18
The longer the pencils down time the higher the risk
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
19
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
With a pencils down time there is a higher risk of bottlenecks With more bottlenecks there aremore obstacles to achieve timely filing
20
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Common reason for filing late 2
21
Errors in financial statements
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
22
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
These are caused by weak internal controls or inecient reporting practices
23
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
44 of narratives within NT 10-K filings and 57 of narratives within NT 10-Qfilings contained issues related to financial statements
24
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
What happens when filings are late
25
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Shareholders lose confidence
26
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Late filings cause stock to drop an average of 244
196 decrease in stock value for late 10-Ks
293 decrease in stock value for late 10-Qs
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
27
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The reason for filing late also impacts the
decrease in stock value
28
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to accounting reasons
283 decrease in stock value for late 10-Qs
109 decrease in stock value for late 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
29
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When companies cited multiple reasons for filing late the impact on stock value was even more significant
30
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to multiple reasons
548 decrease in stock value for 10-Qs
473 decrease in stock value for 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
31
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The best ways to prevent late and noncompliant 10-K and 10-Q filings
32
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
33
Print this Use a SEC filings Calendar to keep on top of deadlines
Read this Understand the truths about XBRL tagging
Know this A Guide to Common Filing Errors and How to Avoid Them
33
Resources
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
34
Would you like to learn more about how to pull intelligence from 10-K and 10-Q filings
Contact us
DisclosureNettrade330 Bay Street Suite 200Toronto ON M5H2S8T 8669743638F 4169130446
General InquiriesT 8669743638 x0infodisclosurenetcom
SolutionsT 8669743638 x2solutionsdisclosurenetcom
![Page 14: 10-K and 10-Q Filings](https://reader034.vdocument.in/reader034/viewer/2022051322/546eb1fab4af9fa5268b4792/html5/thumbnails/14.jpg)
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Of these
of 10-K filings were filed late
19
of 10-Q filings were filed late
13
14
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Thatrsquos a lot of late filings
15
Why so many
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
16
Common reason for filing late 1
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
17
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Outsourcing XBRL tagging
Pencils down time
=
18
The longer the pencils down time the higher the risk
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
19
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
With a pencils down time there is a higher risk of bottlenecks With more bottlenecks there aremore obstacles to achieve timely filing
20
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Common reason for filing late 2
21
Errors in financial statements
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
22
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
These are caused by weak internal controls or inecient reporting practices
23
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
44 of narratives within NT 10-K filings and 57 of narratives within NT 10-Qfilings contained issues related to financial statements
24
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
What happens when filings are late
25
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Shareholders lose confidence
26
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Late filings cause stock to drop an average of 244
196 decrease in stock value for late 10-Ks
293 decrease in stock value for late 10-Qs
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
27
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The reason for filing late also impacts the
decrease in stock value
28
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to accounting reasons
283 decrease in stock value for late 10-Qs
109 decrease in stock value for late 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
29
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When companies cited multiple reasons for filing late the impact on stock value was even more significant
30
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to multiple reasons
548 decrease in stock value for 10-Qs
473 decrease in stock value for 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
31
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The best ways to prevent late and noncompliant 10-K and 10-Q filings
32
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
33
Print this Use a SEC filings Calendar to keep on top of deadlines
Read this Understand the truths about XBRL tagging
Know this A Guide to Common Filing Errors and How to Avoid Them
33
Resources
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
34
Would you like to learn more about how to pull intelligence from 10-K and 10-Q filings
Contact us
DisclosureNettrade330 Bay Street Suite 200Toronto ON M5H2S8T 8669743638F 4169130446
General InquiriesT 8669743638 x0infodisclosurenetcom
SolutionsT 8669743638 x2solutionsdisclosurenetcom
![Page 15: 10-K and 10-Q Filings](https://reader034.vdocument.in/reader034/viewer/2022051322/546eb1fab4af9fa5268b4792/html5/thumbnails/15.jpg)
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Thatrsquos a lot of late filings
15
Why so many
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
16
Common reason for filing late 1
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
17
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Outsourcing XBRL tagging
Pencils down time
=
18
The longer the pencils down time the higher the risk
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
19
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
With a pencils down time there is a higher risk of bottlenecks With more bottlenecks there aremore obstacles to achieve timely filing
20
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Common reason for filing late 2
21
Errors in financial statements
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
22
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
These are caused by weak internal controls or inecient reporting practices
23
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
44 of narratives within NT 10-K filings and 57 of narratives within NT 10-Qfilings contained issues related to financial statements
24
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
What happens when filings are late
25
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Shareholders lose confidence
26
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Late filings cause stock to drop an average of 244
196 decrease in stock value for late 10-Ks
293 decrease in stock value for late 10-Qs
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
27
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The reason for filing late also impacts the
decrease in stock value
28
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to accounting reasons
283 decrease in stock value for late 10-Qs
109 decrease in stock value for late 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
29
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When companies cited multiple reasons for filing late the impact on stock value was even more significant
30
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to multiple reasons
548 decrease in stock value for 10-Qs
473 decrease in stock value for 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
31
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The best ways to prevent late and noncompliant 10-K and 10-Q filings
32
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
33
Print this Use a SEC filings Calendar to keep on top of deadlines
Read this Understand the truths about XBRL tagging
Know this A Guide to Common Filing Errors and How to Avoid Them
33
Resources
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
34
Would you like to learn more about how to pull intelligence from 10-K and 10-Q filings
Contact us
DisclosureNettrade330 Bay Street Suite 200Toronto ON M5H2S8T 8669743638F 4169130446
General InquiriesT 8669743638 x0infodisclosurenetcom
SolutionsT 8669743638 x2solutionsdisclosurenetcom
![Page 16: 10-K and 10-Q Filings](https://reader034.vdocument.in/reader034/viewer/2022051322/546eb1fab4af9fa5268b4792/html5/thumbnails/16.jpg)
Why so many
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
16
Common reason for filing late 1
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
17
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Outsourcing XBRL tagging
Pencils down time
=
18
The longer the pencils down time the higher the risk
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
19
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
With a pencils down time there is a higher risk of bottlenecks With more bottlenecks there aremore obstacles to achieve timely filing
20
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Common reason for filing late 2
21
Errors in financial statements
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
22
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
These are caused by weak internal controls or inecient reporting practices
23
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
44 of narratives within NT 10-K filings and 57 of narratives within NT 10-Qfilings contained issues related to financial statements
24
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
What happens when filings are late
25
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Shareholders lose confidence
26
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Late filings cause stock to drop an average of 244
196 decrease in stock value for late 10-Ks
293 decrease in stock value for late 10-Qs
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
27
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The reason for filing late also impacts the
decrease in stock value
28
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to accounting reasons
283 decrease in stock value for late 10-Qs
109 decrease in stock value for late 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
29
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When companies cited multiple reasons for filing late the impact on stock value was even more significant
30
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to multiple reasons
548 decrease in stock value for 10-Qs
473 decrease in stock value for 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
31
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The best ways to prevent late and noncompliant 10-K and 10-Q filings
32
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
33
Print this Use a SEC filings Calendar to keep on top of deadlines
Read this Understand the truths about XBRL tagging
Know this A Guide to Common Filing Errors and How to Avoid Them
33
Resources
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
34
Would you like to learn more about how to pull intelligence from 10-K and 10-Q filings
Contact us
DisclosureNettrade330 Bay Street Suite 200Toronto ON M5H2S8T 8669743638F 4169130446
General InquiriesT 8669743638 x0infodisclosurenetcom
SolutionsT 8669743638 x2solutionsdisclosurenetcom
![Page 17: 10-K and 10-Q Filings](https://reader034.vdocument.in/reader034/viewer/2022051322/546eb1fab4af9fa5268b4792/html5/thumbnails/17.jpg)
Common reason for filing late 1
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
17
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Outsourcing XBRL tagging
Pencils down time
=
18
The longer the pencils down time the higher the risk
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
19
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
With a pencils down time there is a higher risk of bottlenecks With more bottlenecks there aremore obstacles to achieve timely filing
20
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Common reason for filing late 2
21
Errors in financial statements
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
22
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
These are caused by weak internal controls or inecient reporting practices
23
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
44 of narratives within NT 10-K filings and 57 of narratives within NT 10-Qfilings contained issues related to financial statements
24
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
What happens when filings are late
25
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Shareholders lose confidence
26
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Late filings cause stock to drop an average of 244
196 decrease in stock value for late 10-Ks
293 decrease in stock value for late 10-Qs
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
27
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The reason for filing late also impacts the
decrease in stock value
28
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to accounting reasons
283 decrease in stock value for late 10-Qs
109 decrease in stock value for late 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
29
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When companies cited multiple reasons for filing late the impact on stock value was even more significant
30
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to multiple reasons
548 decrease in stock value for 10-Qs
473 decrease in stock value for 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
31
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The best ways to prevent late and noncompliant 10-K and 10-Q filings
32
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
33
Print this Use a SEC filings Calendar to keep on top of deadlines
Read this Understand the truths about XBRL tagging
Know this A Guide to Common Filing Errors and How to Avoid Them
33
Resources
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
34
Would you like to learn more about how to pull intelligence from 10-K and 10-Q filings
Contact us
DisclosureNettrade330 Bay Street Suite 200Toronto ON M5H2S8T 8669743638F 4169130446
General InquiriesT 8669743638 x0infodisclosurenetcom
SolutionsT 8669743638 x2solutionsdisclosurenetcom
![Page 18: 10-K and 10-Q Filings](https://reader034.vdocument.in/reader034/viewer/2022051322/546eb1fab4af9fa5268b4792/html5/thumbnails/18.jpg)
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Outsourcing XBRL tagging
Pencils down time
=
18
The longer the pencils down time the higher the risk
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
19
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
With a pencils down time there is a higher risk of bottlenecks With more bottlenecks there aremore obstacles to achieve timely filing
20
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Common reason for filing late 2
21
Errors in financial statements
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
22
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
These are caused by weak internal controls or inecient reporting practices
23
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
44 of narratives within NT 10-K filings and 57 of narratives within NT 10-Qfilings contained issues related to financial statements
24
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
What happens when filings are late
25
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Shareholders lose confidence
26
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Late filings cause stock to drop an average of 244
196 decrease in stock value for late 10-Ks
293 decrease in stock value for late 10-Qs
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
27
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The reason for filing late also impacts the
decrease in stock value
28
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to accounting reasons
283 decrease in stock value for late 10-Qs
109 decrease in stock value for late 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
29
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When companies cited multiple reasons for filing late the impact on stock value was even more significant
30
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to multiple reasons
548 decrease in stock value for 10-Qs
473 decrease in stock value for 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
31
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The best ways to prevent late and noncompliant 10-K and 10-Q filings
32
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
33
Print this Use a SEC filings Calendar to keep on top of deadlines
Read this Understand the truths about XBRL tagging
Know this A Guide to Common Filing Errors and How to Avoid Them
33
Resources
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
34
Would you like to learn more about how to pull intelligence from 10-K and 10-Q filings
Contact us
DisclosureNettrade330 Bay Street Suite 200Toronto ON M5H2S8T 8669743638F 4169130446
General InquiriesT 8669743638 x0infodisclosurenetcom
SolutionsT 8669743638 x2solutionsdisclosurenetcom
![Page 19: 10-K and 10-Q Filings](https://reader034.vdocument.in/reader034/viewer/2022051322/546eb1fab4af9fa5268b4792/html5/thumbnails/19.jpg)
The longer the pencils down time the higher the risk
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
19
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
With a pencils down time there is a higher risk of bottlenecks With more bottlenecks there aremore obstacles to achieve timely filing
20
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Common reason for filing late 2
21
Errors in financial statements
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
22
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
These are caused by weak internal controls or inecient reporting practices
23
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
44 of narratives within NT 10-K filings and 57 of narratives within NT 10-Qfilings contained issues related to financial statements
24
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
What happens when filings are late
25
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Shareholders lose confidence
26
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Late filings cause stock to drop an average of 244
196 decrease in stock value for late 10-Ks
293 decrease in stock value for late 10-Qs
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
27
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The reason for filing late also impacts the
decrease in stock value
28
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to accounting reasons
283 decrease in stock value for late 10-Qs
109 decrease in stock value for late 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
29
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When companies cited multiple reasons for filing late the impact on stock value was even more significant
30
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to multiple reasons
548 decrease in stock value for 10-Qs
473 decrease in stock value for 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
31
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The best ways to prevent late and noncompliant 10-K and 10-Q filings
32
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
33
Print this Use a SEC filings Calendar to keep on top of deadlines
Read this Understand the truths about XBRL tagging
Know this A Guide to Common Filing Errors and How to Avoid Them
33
Resources
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
34
Would you like to learn more about how to pull intelligence from 10-K and 10-Q filings
Contact us
DisclosureNettrade330 Bay Street Suite 200Toronto ON M5H2S8T 8669743638F 4169130446
General InquiriesT 8669743638 x0infodisclosurenetcom
SolutionsT 8669743638 x2solutionsdisclosurenetcom
![Page 20: 10-K and 10-Q Filings](https://reader034.vdocument.in/reader034/viewer/2022051322/546eb1fab4af9fa5268b4792/html5/thumbnails/20.jpg)
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
With a pencils down time there is a higher risk of bottlenecks With more bottlenecks there aremore obstacles to achieve timely filing
20
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Common reason for filing late 2
21
Errors in financial statements
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
22
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
These are caused by weak internal controls or inecient reporting practices
23
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
44 of narratives within NT 10-K filings and 57 of narratives within NT 10-Qfilings contained issues related to financial statements
24
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
What happens when filings are late
25
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Shareholders lose confidence
26
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Late filings cause stock to drop an average of 244
196 decrease in stock value for late 10-Ks
293 decrease in stock value for late 10-Qs
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
27
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The reason for filing late also impacts the
decrease in stock value
28
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to accounting reasons
283 decrease in stock value for late 10-Qs
109 decrease in stock value for late 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
29
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When companies cited multiple reasons for filing late the impact on stock value was even more significant
30
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to multiple reasons
548 decrease in stock value for 10-Qs
473 decrease in stock value for 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
31
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The best ways to prevent late and noncompliant 10-K and 10-Q filings
32
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
33
Print this Use a SEC filings Calendar to keep on top of deadlines
Read this Understand the truths about XBRL tagging
Know this A Guide to Common Filing Errors and How to Avoid Them
33
Resources
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
34
Would you like to learn more about how to pull intelligence from 10-K and 10-Q filings
Contact us
DisclosureNettrade330 Bay Street Suite 200Toronto ON M5H2S8T 8669743638F 4169130446
General InquiriesT 8669743638 x0infodisclosurenetcom
SolutionsT 8669743638 x2solutionsdisclosurenetcom
![Page 21: 10-K and 10-Q Filings](https://reader034.vdocument.in/reader034/viewer/2022051322/546eb1fab4af9fa5268b4792/html5/thumbnails/21.jpg)
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Common reason for filing late 2
21
Errors in financial statements
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
22
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
These are caused by weak internal controls or inecient reporting practices
23
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
44 of narratives within NT 10-K filings and 57 of narratives within NT 10-Qfilings contained issues related to financial statements
24
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
What happens when filings are late
25
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Shareholders lose confidence
26
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Late filings cause stock to drop an average of 244
196 decrease in stock value for late 10-Ks
293 decrease in stock value for late 10-Qs
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
27
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The reason for filing late also impacts the
decrease in stock value
28
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to accounting reasons
283 decrease in stock value for late 10-Qs
109 decrease in stock value for late 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
29
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When companies cited multiple reasons for filing late the impact on stock value was even more significant
30
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to multiple reasons
548 decrease in stock value for 10-Qs
473 decrease in stock value for 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
31
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The best ways to prevent late and noncompliant 10-K and 10-Q filings
32
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
33
Print this Use a SEC filings Calendar to keep on top of deadlines
Read this Understand the truths about XBRL tagging
Know this A Guide to Common Filing Errors and How to Avoid Them
33
Resources
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
34
Would you like to learn more about how to pull intelligence from 10-K and 10-Q filings
Contact us
DisclosureNettrade330 Bay Street Suite 200Toronto ON M5H2S8T 8669743638F 4169130446
General InquiriesT 8669743638 x0infodisclosurenetcom
SolutionsT 8669743638 x2solutionsdisclosurenetcom
![Page 22: 10-K and 10-Q Filings](https://reader034.vdocument.in/reader034/viewer/2022051322/546eb1fab4af9fa5268b4792/html5/thumbnails/22.jpg)
Errors in financial statements
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
22
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
These are caused by weak internal controls or inecient reporting practices
23
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
44 of narratives within NT 10-K filings and 57 of narratives within NT 10-Qfilings contained issues related to financial statements
24
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
What happens when filings are late
25
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Shareholders lose confidence
26
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Late filings cause stock to drop an average of 244
196 decrease in stock value for late 10-Ks
293 decrease in stock value for late 10-Qs
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
27
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The reason for filing late also impacts the
decrease in stock value
28
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to accounting reasons
283 decrease in stock value for late 10-Qs
109 decrease in stock value for late 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
29
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When companies cited multiple reasons for filing late the impact on stock value was even more significant
30
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to multiple reasons
548 decrease in stock value for 10-Qs
473 decrease in stock value for 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
31
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The best ways to prevent late and noncompliant 10-K and 10-Q filings
32
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
33
Print this Use a SEC filings Calendar to keep on top of deadlines
Read this Understand the truths about XBRL tagging
Know this A Guide to Common Filing Errors and How to Avoid Them
33
Resources
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
34
Would you like to learn more about how to pull intelligence from 10-K and 10-Q filings
Contact us
DisclosureNettrade330 Bay Street Suite 200Toronto ON M5H2S8T 8669743638F 4169130446
General InquiriesT 8669743638 x0infodisclosurenetcom
SolutionsT 8669743638 x2solutionsdisclosurenetcom
![Page 23: 10-K and 10-Q Filings](https://reader034.vdocument.in/reader034/viewer/2022051322/546eb1fab4af9fa5268b4792/html5/thumbnails/23.jpg)
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
These are caused by weak internal controls or inecient reporting practices
23
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
44 of narratives within NT 10-K filings and 57 of narratives within NT 10-Qfilings contained issues related to financial statements
24
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
What happens when filings are late
25
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Shareholders lose confidence
26
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Late filings cause stock to drop an average of 244
196 decrease in stock value for late 10-Ks
293 decrease in stock value for late 10-Qs
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
27
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The reason for filing late also impacts the
decrease in stock value
28
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to accounting reasons
283 decrease in stock value for late 10-Qs
109 decrease in stock value for late 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
29
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When companies cited multiple reasons for filing late the impact on stock value was even more significant
30
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to multiple reasons
548 decrease in stock value for 10-Qs
473 decrease in stock value for 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
31
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The best ways to prevent late and noncompliant 10-K and 10-Q filings
32
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
33
Print this Use a SEC filings Calendar to keep on top of deadlines
Read this Understand the truths about XBRL tagging
Know this A Guide to Common Filing Errors and How to Avoid Them
33
Resources
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
34
Would you like to learn more about how to pull intelligence from 10-K and 10-Q filings
Contact us
DisclosureNettrade330 Bay Street Suite 200Toronto ON M5H2S8T 8669743638F 4169130446
General InquiriesT 8669743638 x0infodisclosurenetcom
SolutionsT 8669743638 x2solutionsdisclosurenetcom
![Page 24: 10-K and 10-Q Filings](https://reader034.vdocument.in/reader034/viewer/2022051322/546eb1fab4af9fa5268b4792/html5/thumbnails/24.jpg)
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
44 of narratives within NT 10-K filings and 57 of narratives within NT 10-Qfilings contained issues related to financial statements
24
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
What happens when filings are late
25
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Shareholders lose confidence
26
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Late filings cause stock to drop an average of 244
196 decrease in stock value for late 10-Ks
293 decrease in stock value for late 10-Qs
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
27
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The reason for filing late also impacts the
decrease in stock value
28
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to accounting reasons
283 decrease in stock value for late 10-Qs
109 decrease in stock value for late 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
29
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When companies cited multiple reasons for filing late the impact on stock value was even more significant
30
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to multiple reasons
548 decrease in stock value for 10-Qs
473 decrease in stock value for 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
31
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The best ways to prevent late and noncompliant 10-K and 10-Q filings
32
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
33
Print this Use a SEC filings Calendar to keep on top of deadlines
Read this Understand the truths about XBRL tagging
Know this A Guide to Common Filing Errors and How to Avoid Them
33
Resources
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
34
Would you like to learn more about how to pull intelligence from 10-K and 10-Q filings
Contact us
DisclosureNettrade330 Bay Street Suite 200Toronto ON M5H2S8T 8669743638F 4169130446
General InquiriesT 8669743638 x0infodisclosurenetcom
SolutionsT 8669743638 x2solutionsdisclosurenetcom
![Page 25: 10-K and 10-Q Filings](https://reader034.vdocument.in/reader034/viewer/2022051322/546eb1fab4af9fa5268b4792/html5/thumbnails/25.jpg)
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
What happens when filings are late
25
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Shareholders lose confidence
26
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Late filings cause stock to drop an average of 244
196 decrease in stock value for late 10-Ks
293 decrease in stock value for late 10-Qs
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
27
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The reason for filing late also impacts the
decrease in stock value
28
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to accounting reasons
283 decrease in stock value for late 10-Qs
109 decrease in stock value for late 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
29
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When companies cited multiple reasons for filing late the impact on stock value was even more significant
30
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to multiple reasons
548 decrease in stock value for 10-Qs
473 decrease in stock value for 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
31
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The best ways to prevent late and noncompliant 10-K and 10-Q filings
32
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
33
Print this Use a SEC filings Calendar to keep on top of deadlines
Read this Understand the truths about XBRL tagging
Know this A Guide to Common Filing Errors and How to Avoid Them
33
Resources
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
34
Would you like to learn more about how to pull intelligence from 10-K and 10-Q filings
Contact us
DisclosureNettrade330 Bay Street Suite 200Toronto ON M5H2S8T 8669743638F 4169130446
General InquiriesT 8669743638 x0infodisclosurenetcom
SolutionsT 8669743638 x2solutionsdisclosurenetcom
![Page 26: 10-K and 10-Q Filings](https://reader034.vdocument.in/reader034/viewer/2022051322/546eb1fab4af9fa5268b4792/html5/thumbnails/26.jpg)
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Shareholders lose confidence
26
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Late filings cause stock to drop an average of 244
196 decrease in stock value for late 10-Ks
293 decrease in stock value for late 10-Qs
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
27
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The reason for filing late also impacts the
decrease in stock value
28
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to accounting reasons
283 decrease in stock value for late 10-Qs
109 decrease in stock value for late 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
29
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When companies cited multiple reasons for filing late the impact on stock value was even more significant
30
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to multiple reasons
548 decrease in stock value for 10-Qs
473 decrease in stock value for 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
31
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The best ways to prevent late and noncompliant 10-K and 10-Q filings
32
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
33
Print this Use a SEC filings Calendar to keep on top of deadlines
Read this Understand the truths about XBRL tagging
Know this A Guide to Common Filing Errors and How to Avoid Them
33
Resources
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
34
Would you like to learn more about how to pull intelligence from 10-K and 10-Q filings
Contact us
DisclosureNettrade330 Bay Street Suite 200Toronto ON M5H2S8T 8669743638F 4169130446
General InquiriesT 8669743638 x0infodisclosurenetcom
SolutionsT 8669743638 x2solutionsdisclosurenetcom
![Page 27: 10-K and 10-Q Filings](https://reader034.vdocument.in/reader034/viewer/2022051322/546eb1fab4af9fa5268b4792/html5/thumbnails/27.jpg)
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Late filings cause stock to drop an average of 244
196 decrease in stock value for late 10-Ks
293 decrease in stock value for late 10-Qs
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
27
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The reason for filing late also impacts the
decrease in stock value
28
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to accounting reasons
283 decrease in stock value for late 10-Qs
109 decrease in stock value for late 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
29
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When companies cited multiple reasons for filing late the impact on stock value was even more significant
30
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to multiple reasons
548 decrease in stock value for 10-Qs
473 decrease in stock value for 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
31
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The best ways to prevent late and noncompliant 10-K and 10-Q filings
32
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
33
Print this Use a SEC filings Calendar to keep on top of deadlines
Read this Understand the truths about XBRL tagging
Know this A Guide to Common Filing Errors and How to Avoid Them
33
Resources
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
34
Would you like to learn more about how to pull intelligence from 10-K and 10-Q filings
Contact us
DisclosureNettrade330 Bay Street Suite 200Toronto ON M5H2S8T 8669743638F 4169130446
General InquiriesT 8669743638 x0infodisclosurenetcom
SolutionsT 8669743638 x2solutionsdisclosurenetcom
![Page 28: 10-K and 10-Q Filings](https://reader034.vdocument.in/reader034/viewer/2022051322/546eb1fab4af9fa5268b4792/html5/thumbnails/28.jpg)
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The reason for filing late also impacts the
decrease in stock value
28
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to accounting reasons
283 decrease in stock value for late 10-Qs
109 decrease in stock value for late 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
29
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When companies cited multiple reasons for filing late the impact on stock value was even more significant
30
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to multiple reasons
548 decrease in stock value for 10-Qs
473 decrease in stock value for 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
31
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The best ways to prevent late and noncompliant 10-K and 10-Q filings
32
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
33
Print this Use a SEC filings Calendar to keep on top of deadlines
Read this Understand the truths about XBRL tagging
Know this A Guide to Common Filing Errors and How to Avoid Them
33
Resources
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
34
Would you like to learn more about how to pull intelligence from 10-K and 10-Q filings
Contact us
DisclosureNettrade330 Bay Street Suite 200Toronto ON M5H2S8T 8669743638F 4169130446
General InquiriesT 8669743638 x0infodisclosurenetcom
SolutionsT 8669743638 x2solutionsdisclosurenetcom
![Page 29: 10-K and 10-Q Filings](https://reader034.vdocument.in/reader034/viewer/2022051322/546eb1fab4af9fa5268b4792/html5/thumbnails/29.jpg)
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to accounting reasons
283 decrease in stock value for late 10-Qs
109 decrease in stock value for late 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
29
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When companies cited multiple reasons for filing late the impact on stock value was even more significant
30
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to multiple reasons
548 decrease in stock value for 10-Qs
473 decrease in stock value for 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
31
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The best ways to prevent late and noncompliant 10-K and 10-Q filings
32
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
33
Print this Use a SEC filings Calendar to keep on top of deadlines
Read this Understand the truths about XBRL tagging
Know this A Guide to Common Filing Errors and How to Avoid Them
33
Resources
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
34
Would you like to learn more about how to pull intelligence from 10-K and 10-Q filings
Contact us
DisclosureNettrade330 Bay Street Suite 200Toronto ON M5H2S8T 8669743638F 4169130446
General InquiriesT 8669743638 x0infodisclosurenetcom
SolutionsT 8669743638 x2solutionsdisclosurenetcom
![Page 30: 10-K and 10-Q Filings](https://reader034.vdocument.in/reader034/viewer/2022051322/546eb1fab4af9fa5268b4792/html5/thumbnails/30.jpg)
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
When companies cited multiple reasons for filing late the impact on stock value was even more significant
30
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to multiple reasons
548 decrease in stock value for 10-Qs
473 decrease in stock value for 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
31
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The best ways to prevent late and noncompliant 10-K and 10-Q filings
32
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
33
Print this Use a SEC filings Calendar to keep on top of deadlines
Read this Understand the truths about XBRL tagging
Know this A Guide to Common Filing Errors and How to Avoid Them
33
Resources
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
34
Would you like to learn more about how to pull intelligence from 10-K and 10-Q filings
Contact us
DisclosureNettrade330 Bay Street Suite 200Toronto ON M5H2S8T 8669743638F 4169130446
General InquiriesT 8669743638 x0infodisclosurenetcom
SolutionsT 8669743638 x2solutionsdisclosurenetcom
![Page 31: 10-K and 10-Q Filings](https://reader034.vdocument.in/reader034/viewer/2022051322/546eb1fab4af9fa5268b4792/html5/thumbnails/31.jpg)
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
Filing late due to multiple reasons
548 decrease in stock value for 10-Qs
473 decrease in stock value for 10-Ks
Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt
31
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The best ways to prevent late and noncompliant 10-K and 10-Q filings
32
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
33
Print this Use a SEC filings Calendar to keep on top of deadlines
Read this Understand the truths about XBRL tagging
Know this A Guide to Common Filing Errors and How to Avoid Them
33
Resources
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
34
Would you like to learn more about how to pull intelligence from 10-K and 10-Q filings
Contact us
DisclosureNettrade330 Bay Street Suite 200Toronto ON M5H2S8T 8669743638F 4169130446
General InquiriesT 8669743638 x0infodisclosurenetcom
SolutionsT 8669743638 x2solutionsdisclosurenetcom
![Page 32: 10-K and 10-Q Filings](https://reader034.vdocument.in/reader034/viewer/2022051322/546eb1fab4af9fa5268b4792/html5/thumbnails/32.jpg)
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
The best ways to prevent late and noncompliant 10-K and 10-Q filings
32
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
33
Print this Use a SEC filings Calendar to keep on top of deadlines
Read this Understand the truths about XBRL tagging
Know this A Guide to Common Filing Errors and How to Avoid Them
33
Resources
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
34
Would you like to learn more about how to pull intelligence from 10-K and 10-Q filings
Contact us
DisclosureNettrade330 Bay Street Suite 200Toronto ON M5H2S8T 8669743638F 4169130446
General InquiriesT 8669743638 x0infodisclosurenetcom
SolutionsT 8669743638 x2solutionsdisclosurenetcom
![Page 33: 10-K and 10-Q Filings](https://reader034.vdocument.in/reader034/viewer/2022051322/546eb1fab4af9fa5268b4792/html5/thumbnails/33.jpg)
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
33
Print this Use a SEC filings Calendar to keep on top of deadlines
Read this Understand the truths about XBRL tagging
Know this A Guide to Common Filing Errors and How to Avoid Them
33
Resources
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
34
Would you like to learn more about how to pull intelligence from 10-K and 10-Q filings
Contact us
DisclosureNettrade330 Bay Street Suite 200Toronto ON M5H2S8T 8669743638F 4169130446
General InquiriesT 8669743638 x0infodisclosurenetcom
SolutionsT 8669743638 x2solutionsdisclosurenetcom
![Page 34: 10-K and 10-Q Filings](https://reader034.vdocument.in/reader034/viewer/2022051322/546eb1fab4af9fa5268b4792/html5/thumbnails/34.jpg)
wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade
34
Would you like to learn more about how to pull intelligence from 10-K and 10-Q filings
Contact us
DisclosureNettrade330 Bay Street Suite 200Toronto ON M5H2S8T 8669743638F 4169130446
General InquiriesT 8669743638 x0infodisclosurenetcom
SolutionsT 8669743638 x2solutionsdisclosurenetcom