SEC amends disclosure rules for acquisitions and disposals
The SEC voted to amend its rules and forms for disclosing financial information about acquired or disposed businesses.
SEC regulatory compliance and reporting
SEC updates staff guidance on shareholder meetings
Responding to travel, mailing and other issues caused by the COVID-19 pandemic, the SEC has published updated staff guidance on shareholder meetings for companies and other issuers of public stock.
Financial institutions using CARES Act deferrals won’t violate GAAP, SEC says
Companies that elect to defer or suspend FASB rules for credit losses or troubled debt restructurings in accordance with the CARES Act will not be found in violation of GAAP.
SEC extends pandemic-related relief
The Securities and Exchange Commission announced that it has extended coronavirus-related filing relief provided to public companies, funds and investment advisers.
SEC exempts certain companies from ICFR attestation requirement
The SEC issued amendments that exempt smaller reporting companies with less than $100 million in revenue from the requirement to obtain attestation of their internal control over financial reporting from an outside auditor.
Conditional coronavirus relief provided by SEC
The SEC said public companies that have trouble meeting filing obligations because of the coronavirus outbreak may qualify for regulatory relief under certain conditions.
SEC proposes simplifying disclosure requirements
The SEC voted to propose amendments that would simplify disclosure requirements and issued guidance on key performance indicators and metrics in MD&A.
SEC addresses IPOs, ETFs, retail investor protections
All issuers will be allowed to 'test the waters.'
Valuation in spotlight as SEC mulls expanding investment opportunities
The SEC is considering expanding opportunities for nonaccredited investors. That means more investors may be relying on private-equity fund valuations and auditors’ assessments of those valuations.
SEC addresses IPOs, ETFs, and retail investor protections
The SEC issued new rules for testing the waters on IPOs and modernizing regulation of ETFs. It also proposed amendments to enhance protections for investors.
SEC addresses ICFR attestation for smaller companies
Commission also proposes changes for disclosures on acquisitions and disposals.
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 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.
