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SEC now: MD&A 2025 comment letter trends
We continue our SEC-focused series with a discussion of management’s discussion and analysis (MD&A), a topic that remains a consistent focus in SEC staff comment letters. In this episode, we explore the latest trends, common themes, and areas of emphasis—including results of operations, liquidity, and critical accounting estimates—and share practical considerations as companies prepare year-end filings.
In this episode, we discuss:
1:31 – An overview of SEC comment letter trends related to MD&A
6:43 – The results of operations
25:16 – Liquidity and capital resources
28:30 – Critical…
The skinny
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