Financial Reporting Process Flow

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This process flow details steps for the annual reporting on Form 10-K and quarterly reporting on Form 10-Q. The procedures focus on reviewing the prior filing document, preparing the cash flow statement, calculating weighted shares outstanding, developing a draft filing, checking the filing against the automated disclosure checklist, external counsel review of the draft filing, disclosure committee review of the draft filing, updating the draft filing as appropriate, sending the draft filing to the audit committee for review, sending the draft filing to the disclosure committee for review, completing Section 302 and 906 certifications, and filing the document with the SEC. This document should be used as a general guide to understand and review the reporting process. Organizations should customize this tool to ensure that it reflects their business operations and continuously monitor the process to ensure that the steps described are accurate.

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