IPO and SOX (public debt to public equity) 2885

  • If a company plans to go public in the next couple of years and is already a public filer since they have publicly traded debt, would they still fall under the transition period rules for newly public companies? The transition period is the 2nd annual report to be filed with the SEC. Just curious b/c the transition period rules also requires the company to disclose in year 1 that they do not need mangement’s assessment or an auditor opinion on ICOFR. Companies with public debt currently provide management’s assessment in their annual report. Would they exclude that in year 1 when a newly public company? Any insight is appreciated.

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