Ja maar jij laat weer een heleboel weg he, uit het artikel
Plug heeft nog maar sinds kort een float van meer dan 75 miljoen dollar.
Dus dat ze al lang bestaan, is niet relevant. Pas bij meer dan 75m wordt je een accelerated filer.
Je bent een kwakzalver, Ridder.
Hier is de rest van het artikel:
It's worth noting that designated emerging growth companies (EGCs) created under the JOBS Act are exempt from Section 404(b) so long as they maintain EGC status, which among other requirements, allows for a public float up to the $700 million threshold for "large accelerated filer" status. All other public companies are subject to the Section 404(b) requirement when they become accelerated filers after reaching a public float of $75 million.
Implications for Investors
The purpose of the auditor's report on ICFR is to provide a higher level of assurance that a company's financial reports are reliable. From a practical perspective, the additional requirement pushes management to take a closer look at its internal processes to mitigate the risk of errors and fraud.
In the Plug Power example, the company announced on March 30, 2015--less than two weeks after missing its new accelerated filer deadline--that it had replaced its long-time chief accounting officer (CAO). Although Plug Power's external auditors reported no material weaknesses in the company's ICFR, the personnel change suggests that the additional scrutiny over the company's internal processes may have revealed some areas for improvement.
For a company like Plug Power that has a complex--and perhaps unique--product and service delivery model and immense pressure to become profitable, revenue recognition practices present a substantial risk under normal circumstances. But due to a completely new revenue recognition standard recently released by the Financial Accounting Standards Board (FASB), circumstances surrounding the financial reporting process are anything but normal for Plug Power and all other companies reporting under US GAAP.
The new FASB mandate requires companies to completely reevaluate the way they recognize revenue and disclose the effects of applying the new standard. This process will place companies' current and past revenue recognition practices under a microscope. The new standard is currently scheduled to take effect in 2017 (for reporting periods beginning after Dec. 15, 2016), for all US public companies. The 2017 deadline may not seem very close, but the standard requires companies to look back two years--to 2015--and retrospectively apply the new revenue recognition model (or use an alternate method that looks back on a contract-by-contract basis).
For a company like Plug Power that has just graduated to a new level of auditor scrutiny on its ICFR and installed a new CAO, implementation of the new revenue recognition standard further increases the risk that errors or fraud could be detected and require the company to restate financial reports from prior periods. On a forward-looking basis, however, investors should have greater confidence in Plug Power's reported results.