Impacts of COVID-19 on Late Filings

Between fiscal years ended 2015 and 2018, public companies had been improving their ability to deliver timely information; there were 851 late filings issued for fiscal year 2015 and just 638 for fiscal year 2018. However, this trend was reversed for fiscal year ended 2019 due to the impacts of COVID-19.

In this article, Audit Analytics takes a closer look at the number of annual late filings due to the COVID-19 crisis, including quarterly financial information, ownership information in proxy statements and amended 10-Ks, from accelerated and large accelerated filers.