Struggling to report IPO progress without overpromising or tripping compliance wires? This lesson gives you an investor-grade phrasebank to deliver clear, audit-ready updates—covering forward-looking caution, SOX control status, evidence references, remediation, materiality, and dependencies. You’ll learn to translate engineering work into regulator-safe, time-bounded statements and keep language consistent across email, decks, S-1 drafts, and call scripts. Expect concise explanations, real-world examples, and targeted exercises to lock in precise, compliant phrasing.