The total amount of comment letters stemming from 10-K and 10-Q filings has once again decreased. From 2017 to 2018, total comment letters decreased by roughly 26%, which is slightly steeper than the decline seen in the past (13% from 2016 to 2017 and 10% from 2015 to 2016). Similarly, the number of conversations largely followed the same declining pattern.
In this article, Audit Analytics further examines these and other standout trends from the last eight years of SEC comment letters. This article also includes a graph depicting the number of comment letters by year of origination.