Drafting MD&A with AI Assist
How to give the assistant the right inputs for a clean MD&A.
MD&A is the most discretionary section in any filing. AI Assist drafts it well when you give it structured inputs.
What the assistant needs
- The trial balance for the current and prior period (from Financials).
- A one-paragraph "what changed this quarter" summary you write.
- Any non-routine items (impairments, restatements, divestitures, settlements).
What you write
A short narrative like: "Revenue grew 12% YoY driven by SaaS new logos in the West region. Cost of revenue grew 18% due to increased AWS spend on the new ML pipeline. Operating expenses grew 8% due to new GTM hires. We took a $4.2M impairment on the legacy on-prem product line."
What you get
Three variants: short (1 page), standard (2 pages), detailed (3 pages). Each variant covers Results of Operations, Liquidity and Capital Resources, and Critical Accounting Estimates.
What you edit
Always: the qualitative judgments. The assistant is trained to report numbers but is conservative about narrative. You add the narrative.
What counsel reviews
Counsel sees the draft with AI-flagged paragraphs. They edit just like with human drafts.