Quarterly Review and Discussion of Financial Statements and Disclosures

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Quarterly Review and Discussion of  Financial  Statements Disclosures

-       the company’s business, overall business environment and risks, including business and industry trends, the company’s competitive position and strategy and how the company is affected by current economic conditions;

-       analyst and press reports, and competitors’ statements, about the company, its competitors and its industry, and how the company is responding to relevant issues and risks;

-       differences in reported versus planned results;

-       how the company’s results differ from its competitors;

-       the impact of the loss of a significant customer or supplier;

-       seasonality effects;

-       the impact of items that are not likely to be recurring;

-       segments of the company’s business that have a disproportionate impact on the company’s revenue and results of operations;

-       the company’s liquidity situation, including the potential effects of off- balance sheet arrangements, covenants in debt and other agreements and trading activities;

-       any related-party transactions;

-       the risk of misstatements in the company’s financial statements or in MD&A;

-       risks related to the creditworthiness of the company and its customers;

-       the impact of changes in company sales policies (for example, the level of discounts given to customers or the length of customer payment periods);

-       the volume of sales transactions closed near the end of each quarter;

-       the existence of any reciprocal or barter transactions;

-       the company’s investments in customers or suppliers;

-       the existence of any transactions that raise form over substance issues;

-       the company’s creation of any special purpose entities;

-       the company’s policies about managing and assessing risk; and

-       the status of legal and regulatory matters (also discuss with inside and/or outside legal counsel);

Further reading: Corporate Governance | Audit | Performance Improvement

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