SEC Reporting

Chapter 6The Quarterly Report: Form 10-Q

Learning objectives

• Identify the type of information that must be included in Form 10-Q.
• Identify compliance requirements related to Form 10-Q instructions and the requirements for interim financial statements in Rule 10-1 of Regulation S-X.

An example of Form 10-Q can be located on the SEC’s website.

Facebook, Inc.’s 2017 Form 10-Q can be found at: www.sec.gov/Archives/edgar/data/1326801/000132680118000057/fb-06302018x10q.htm

Notice to readers: If the included link in the text to the website does not appear when typed into a web browser, copy the link into a search engine to be redirected to the proper web page.

Filing requirements: Who, when, and where

In addition to the comprehensive annual report on Form 10-K, the SEC requires a registrant to file a Form 10-Q at the end of each of the first three quarters of its fiscal year (different due dates apply depending on whether the issuer is an accelerated filer, as discussed further in the following text). A Form 10-Q is not required for the fourth quarter. If the registrant is a listed company, the Form 10-Q must also be filed with the appropriate stock exchange. The basic requirements of Form 10-Q are as follows:

• The form must be filed by any company whose securities are registered with the SEC and that is required to file annual reports on Form 10-K.
• Information must be submitted on a consolidated basis, and must be reviewed in accordance with
• PCAOB auditing standards by the ...