What does Finrep do for SEC reporting teams?

Finrep provides purpose-built workflows for SEC reporting including roll-forward analysis, peer alignment benchmarking, comment letter risk detection, filing readiness checks, and AI-assisted disclosure drafting — all grounded in evidence and peer precedent.

How does Finrep help with 10-K and 10-Q drafting?

Finrep's Disclosure Drafting workflow drafts or refines 10-K and 10-Q sections using peer precedent, prior period language, and applicable ASC guidance as grounding sources. Every output is traceable to its source.

Can Finrep help respond to SEC comment letters?

Yes. Finrep's Comment Letter Response workflow drafts substantive, defensible responses to SEC staff comment letters by referencing peer company responses and applicable accounting guidance.

What workflows does Finrep offer for CFO and Controller teams?

Finrep offers Certification Readiness, Cross-Period Consistency, and Board Briefing workflows — covering pre-certification risk summaries, narrative consistency checks, and audit committee-ready disclosure summaries.

Does Finrep support ESG and sustainability reporting?

Yes. Finrep includes ESG Disclosure Benchmark and ESG Regulatory Monitoring workflows, supporting TCFD, SASB, and GRI framework alignment as well as SEC climate disclosure rule tracking.

Which teams in the CFO office does Finrep support?

Finrep supports SEC Reporting, Technical Accounting, Legal Counsel, Investor Relations, Disclosure Committee, CFO and Controller, Tax Team, and ESG Reporting functions.

What does the first-pass memo include?

Fact pattern summary, applicable guidance with paragraph citations, analysis, peer treatment from EDGAR, open judgment questions flagged, and preliminary conclusion.

How are open judgment questions identified?

Points where guidance is ambiguous, where fact-pattern variations change the conclusion, or where an explicit policy choice is required. Flagged with the specific question, not generically.

Is the output auditor-ready as delivered?

First-pass requires entity-specific refinement and resolution of open questions. After refinement, output meets auditor workpaper standards.

How is peer treatment sourced?

From EDGAR filings of entities with similar fact patterns. Source-linked per peer reference. Covers disclosures in financial statement footnotes and policy sections.

Can I use this for an update to an existing policy memo?

Yes. Provide the existing memo and the triggering change (new ASU, transaction modification, auditor challenge). First-pass update returned with tracked changes.

Does it cover both ASC and IFRS?

Yes. For dual-reporter positions, ASC and IFRS analyses shown side by side with divergence flagged.

Technical Accounting

Policy Memo

A policy memo is the defensible written record of how an accounting conclusion was reached. Finrep returns a structured first-pass memo grounded in current ASC and IFRS guidance with paragraph-level citations, peer treatment of the same fact pattern from EDGAR, and open questions flagged for your judgment. You refine, not draft.

Paragraph-level

ASC and IFRS citations throughout

EDGAR-linked

Peer treatment of the same fact pattern

Open questions flagged

Judgment points identified, not assumed

See sample reports

Sample Policy Memo Reports

See what a Finrep policy memo looks like. Download and review the full output.

Today's reality

Policy Memo without Finrep

Memo drafted from scratch after the analysis is complete, adding hours to days of work
Guidance paragraphs assembled manually with risk of missing relevant sections
Peer treatment research separate from the memo drafting process
Open judgment questions undocumented unless the reviewer catches them

Technical Accounting · Drafting

The memo takes longer than the accounting conclusion it documents.

Reaching an accounting conclusion takes hours. Documenting it at a level the auditors will accept takes longer.

The memo requires guidance paragraphs assembled in the right sequence, peer treatment of the same fact pattern for context, a clear statement of the judgment applied, and a structure the disclosure committee can follow. Each of those elements has to be sourced, organized, and written. For a non-routine transaction or a new accounting position, the documentation work frequently exceeds the analysis work.

Without Finrep

Manual process

Memo drafted from scratch after the analysis is complete, adding hours to days of work
Guidance paragraphs assembled manually with risk of missing relevant sections
Peer treatment research separate from the memo drafting process
Open judgment questions undocumented unless the reviewer catches them

With Finrep

Automated workflow

First-pass memo returned immediately grounded in current guidance
Paragraph-level citations assembled across relevant ASC and IFRS sections
Peer treatment from EDGAR incorporated into the fact pattern analysis
Open judgment questions flagged explicitly for your review and conclusion

From accounting question to first-pass cited memo in four steps

Describe the accounting position and fact pattern

Enter the accounting question, transaction structure, entity characteristics, and any existing conclusions or constraints.

Finrep builds the first-pass memo

Relevant ASC and IFRS guidance paragraphs assembled. Peer treatment of the same fact pattern retrieved from EDGAR. Open judgment questions identified. Memo structured in standard policy memo format.

Review the first-pass output

Memo returned with: fact pattern summary, applicable guidance with paragraph citations, analysis, peer treatment, open questions flagged, and preliminary conclusion. Every element sourced.

Refine and finalize

Edit the analysis, resolve open questions, and add entity-specific context. Output is an auditor-ready policy memo, not a starting-point outline.

What you get

Structured first-pass policy memo with citations, peer treatment, and open questions

Ask FinaGrid ReportsChecklist Benchmarking

Technical Accounting

What Policy Memo does at a glance

Team: Technical Accounting
Filing phase: Drafting
Output: Structured first-pass policy memo with citations, peer treatment, and open questions
Modules: Ask FinaGrid ReportsChecklist Benchmarking

What changes when the first pass arrives cited, not blank

Paragraph-level guidance assembly

Relevant ASC and IFRS guidance paragraphs assembled across all applicable topics. Implementation guidance and basis for conclusions included where they affect the analysis. Every citation to the specific paragraph, not the topic level.

Peer treatment from EDGAR

How entities with similar fact patterns have disclosed the same accounting position in their EDGAR filings. Peer treatment incorporated into the analysis section with source links. Shows where your preliminary conclusion aligns with practice and where it diverges.

Open judgment question flagging

Judgment points where the guidance is ambiguous, where fact-pattern variations change the conclusion, or where the team needs to make an explicit policy choice are flagged in the memo with the specific question. Not assumed away.

Standard policy memo structure

Output structured in the format auditors and disclosure committees expect: background, applicable guidance, analysis, peer treatment, open questions, and conclusion. Every section sourced. Consistent format regardless of accounting topic.

Built for the people who document the conclusion, not just reach it

Technical Accountant

First-pass memo returned with guidance cited, peer treatment incorporated, and open questions flagged. You refine the analysis instead of building the structure.

SEC Reporting Lead

Auditor-ready documentation produced alongside the accounting conclusion. No gap between the analysis and the file the auditors review.

FAQ

Any ASC or IFRS topic where a policy memo is appropriate: revenue recognition, lease accounting, business combinations, financial instruments, equity compensation, income taxes, and all other codification topics.