The SEC also questioned how Etsy recorded the fees it charges sellers for processing transactions. That issue was also resolved without Etsy having to restate anything in its filings. Like other tech startups, Etsy used to regularly report its sales in blog posts on its website. It stopped doing that as it neared its IPO. Those sales, though, appear to be in line with what the company eventually reported in its IPO filings. But Etsy was forced to make some changes in its IPO filings related to accounting issues. The company's final pre-IPO prospectus said that it had discovered two material weaknesses in its accounting practices. The company said those weaknesses led to some miscalculations in its expenses. Etsy was also forced to restate its earnings in prior years. For instance, it said it made $518,000 from its operations in 2013. Instead, its restated numbers showed a profit of just $58,000 for that year. Etsy's original IPO filing made no mention of accounting issues.