Helping Smaller Reporting Companies Adhere to 8-K Regulations With CRQ
In March 2022, when the not-so-new-anymore SEC cybersecurity regulations were initially drafted, some argued that smaller reporting companies, defined by having a public float of less than $250 million or an annual revenue of less than $100 million, should be exempt, given the "outsized costs" they faced. Others proposed that these smaller organizations should have a longer disclosure deadline, helping to alleviate the chances of non-compliance.