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  "documentTitle": "Intuit Inc. (INTU)",
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  "authorName": "Ben Axler",
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      "text": "The SEC issued a comment letter to Intuit on 2/23/24 questioning the Company’s lack of transparency on the disclosure of key metrics and the factors driving period changes in financial results.",
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      "text": "SEC inquiry regarding lack of quantification for segment results and Intuit's vague promise to provide more in future filings.",
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      "text": "SEC inquiry regarding metrics (ARPC, customer conversion, etc.) and Intuit's response that these are not key performance indicators.",
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      "text": "Excerpts From Intuit Correspondence With SEC Related to Its Comment Letter Dated 2/23/24",
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      "text": "The SEC issued a comment letter to Intuit on 2/23/24 questioning the Company's lack of transparency on the disclosure of key metrics and the factors driving period changes in financial results. We find Intuit's response hard to stomach, as the Company continues to resist providing investors adequate disclosure.",
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      "text": "\"...we do not view any of these metrics, individually or collectively, as key performance indicators...\" — Intuit Response to SEC; \"...in future interim and annual filings... we will quantify, where possible, the extent to which each change contributed to the overall change in that line item.\" — Intuit Response to SEC",
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      "text": "Source: Intuit response to SEC correspondence dated 3/8/24",
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      "text": "The SEC Also Believes Intuit's Disclosures Lack Key Information And Specificity",
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