• Standard Industry Classification (SIC) codes are four-digit numeric codes that classify the industries to which companies belong based on their business activities.

  • Standard industry classification codes have largely been replaced by the six-digit North American Industry Classification System (NAICS).
  • Despite the replacement, government agencies, including the SEC, and some companies still use SIC codes.
  • The first two digits represent the highest level business class, and the next two digits are used to refine identification.
  • The government uses SICs to assign review of financial documents to the appropriate departments to ensure that all requirements are met.