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Comment: Consideration of SEC’s Proposed Rule

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Grant Thornton submitted a letter to the SEC commenting on the commission’s May 9, 2019 Proposed Rule Amendments to the Accelerated Filer and Large Accelerated Filer Definitions. The firm considered the Proposal Rule’s objective to promote capital formation for certain low-revenue companies without significantly affecting the utility of the impacted issuers’ financial reporting for investors. The comments in the letter focus on the proposed expansion of the population of issuers that would no longer be subject to the auditor attestation on ICFR.

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