In each episode of our 2022 SEC comment letter trends series, our guests bring you the latest themes in comment letters from the SEC’s Division of Corporation Finance.

This week, Heather Horn was joined by PwC partner Pat Durbin to discuss emerging comment letter trends related to current macroeconomic and geopolitical events. 

In this episode you’ll hear discussion of:

• 1:35 - An overview of the current events trending in recent SEC staff comments
• 4:16 - The importance of consistency of information across filed information and other investor communications 
• 6:43 - Key economic drivers companies should consider in the context of their business and sufficiency of quantitative and qualitative disclosures  
• 9:44 - The impacts of supply chain disruptions and common SEC staff comments
• 11:56 - Material risks resulting from inflation and trending SEC staff comments including on a company’s outlook
• 13:58 - How rising interest rates affect companies and what the SEC staff is commenting on
• 17:38 - The areas of focus in the “Dear CFO” sample letter related to the Russia-Ukraine war
• 20:10 - Advice for companies as they look ahead to year end 

Want to learn more? Check out our analysis of SEC comment letter trends and stay tuned for more episodes in the series. For further information on the impact of recent current events, listen to our Q3 2022 economic and geopolitical update podcast and read our In depth on accounting in uncertain economic times.

Pat Durbin is a Deputy Chief Accountant, leading the revenue and liabilities division in PwC’s National Office. He has over 30 years of experience consulting with our clients and engagement teams on complex accounting matters, including issues related to revenue, compensation, income taxes, and inventory under both US GAAP and IFRS.

Heather Horn is PwC’s National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.

Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to [email protected].

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