SEC Gives Former BF Borger Clients More Time to File Reports

Former clients of shuttered audit firm BF Borgers will get a small reprieve from SEC filing deadlines as they hire replacement auditors to review their quarterly results.

The Securities and Exchange Commission said late Monday that companies would receive a 30-day extension to file their first quarter financials if they had issued a warning to investors that they wouldn’t be able to meet reporting deadlines. Those warnings, known as non-timely filings, normally give companies an extra five days to report their financial statements.

“There is a finite number of qualified replacement accountants, and the new accountants, once selected, need sufficient ...