2:26
So what are the financial reporting requirements? The Securities and Exchange Commission, or SEC, requires periodic financial statement filings. Companies must file an annual report, or 10-K once a year. This includes a full set of financial statements with a substantial amount of additional disclosure. This thing generally runs 200-300 pages. The other three-quarters of the year, firms must file a quarterly report, or 10-Q, which has a full set of financial statements but less required disclosure than the annual report. If anything material happens between quarter ends, companies must file an 8K, or current report. Material information is generally viewed as anything important enough to move stock price, which means companies file these quite often.