In all our workshops we always advise everyone to check the SEC\u2019s webpage for the latest version of the instructions whenever it is 10-K or 10-Q time. And, recently, the SEC put updated instructions for Form 10-K on their webpage.<\/p>\n
But this update has an interesting twist!<\/p>\n
The updated instructions do not have any major changes. The only really new instructions relate to asset-backed issuers.<\/p>\n
That said, there is something really strange about the new instructions. Check them out at:<\/p>\n
www.sec.gov\/about\/forms\/form10-k.pdf<\/span><\/a><\/p>\n Now, as you read them check out the cover page and as you look at the second line it says:<\/p>\n \u201cFor the fiscal yar ended\u201d<\/p>\n While this looks like it might be a typo, we know the SEC is always VERY CAREFUL when they make these changes, and we think in all likelihood there has been some sort of a technical problem in the process of converting the instructions to PDF form and uploading them to the webpage.<\/p>\n So, how should we react? Should we literally follow these instructions? Include the likely technical issue errors?<\/p>\n Obviously NOT!<\/strong><\/p>\n In fact, don\u2019t forget what General Instruction C(1) says:<\/p>\n This form is not to be used as a blank form to be filled in, but only as a guide in the preparation of the report on paper meeting the requirements of Rule 12b-12. Except as provided in General Instruction G, the answers to the items shall be prepared in the manner specified in Rule 12b-13.<\/p>\n So, do it right!<\/strong><\/p>\n As a last note, the 10-Q instructions have not been changed, but as we approach the First Quarter Form 10-Q, watch for updates!<\/strong><\/p>\n As always, your thoughts and comments are welcome!<\/p>\n","protected":false},"excerpt":{"rendered":" In all our workshops we always advise everyone to check the SEC\u2019s webpage for the latest version of the instructions whenever it is 10-K or 10-Q time. And, recently, the SEC put updated instructions for Form 10-K on their webpage. But this update has an interesting twist! The updated instructions do not have any major … Continue reading Watch Out \u2013 Instructions to Form 10-K Typo\u2019s?<\/span>