SEC addresses ICFR attestation for smaller companies
The SEC voted to propose reducing the number of public companies required to obtain an attestation of their internal control over financial reporting from an independent auditor.
SEC regulatory compliance and reporting
SEC proposes changes to disclosures on acquisitions and disposals
The SEC proposed rules changes designed to make disclosures less costly for acquisitions and disposals of businesses while preserving valuable information for investors.
AICPA publishes broker-dealer working draft
The AICPA Financial Reporting Executive Committee has published a working draft of an illustrative note to financial statements of SEC-registered broker-dealers.
GAAP, SEC taxonomies for 2019 are available
The taxonomies contain updates necessary for meeting GAAP and SEC requirements in financial reporting.
How to recognize ‘individually tailored’ disclosures
The new concept of “individually tailored” accounting disclosures has been a challenge for accountants and auditors.
SEC proposes clarifying broker-dealer exemption
The change corrects a 2013 error.
SEC proposes clarifying broker-dealer exemption
The Securities and Exchange Commission proposed an amendment that would correct an error published in 2013 in the exemption provisions in the broker-dealer annual reporting rule.
SEC adopts new Inline XBRL requirements
The commission also changed the scaled disclosure requirements threshold and addressed several other issues.
Quarterly earnings reports at center of debate
Some say focusing too intently on quarterly reports causes companies to neglect the long-term goals that should be more of an emphasis.
SEC unveils goals for next 4 years
Draft strategic plan focuses on commission's need to react to new investing technologies.
SEC provides disclosure relief, considers employee stock compensation rules
The SEC raised a disclosure threshold and sought public comment on other ways to modernize its rules for employee stock compensation.
With SEC vote, more companies qualify for scaled disclosure
The SEC voted to change the definition of “smaller reporting company” in an effort to expand the number of companies that qualify for scaled disclosure accommodations.
SEC adopts, proposes several new rules
The U.S. Securities and Exchange Commission voted to adopt and propose several new rules, including changes to the SEC’s whistleblower program and a requirement to use Inline XBRL in certain filings.
SEC permits reasonable estimates in corporate tax reporting
The guidance relates to the Tax Cuts and Jobs Act.
SEC publishes new requirements for cybersecurity disclosures
Public companies received new guidance from the SEC on the disclosures they should make related to cybersecurity.
FASB Q&A supports use of SAB 118 by private companies, not-for-profits
Private companies and not-for-profits that elect to apply the guidance in a new SEC staff accounting bulletin should apply all relevant aspects of the bulletin in its entirety, FASB’s staff said.
SEC permits reasonable estimates in corporate tax reporting
Companies may initially have difficulty determining the effects of the new federal tax law on their income tax reporting.
Lessons to learn from SEC accounting and auditing enforcements
Five principles can help prevent, detect, or correct the most frequent securities law violations adjudicated by the SEC.
SEC proposes simplifying disclosure requirements
Repetition and immaterial disclosures will be discouraged.
SEC proposes simplifying disclosure requirements
The SEC proposed amendments that are designed to simplify disclosures without sacrificing information that is important to investors.
