The AICPA Financial Reporting Executive Committee has published a working draft of an illustrative note to financial statements of SEC-registered broker-dealers.
SEC Regulatory Compliance and Reporting
The taxonomies contain updates necessary for meeting GAAP and SEC requirements in financial reporting.
The new concept of “individually tailored” accounting disclosures has been a challenge for accountants and auditors.
The change corrects a 2013 error.
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.
The commission also changed the scaled disclosure requirements threshold and addressed several other issues.
Some say focusing too intently on quarterly reports causes companies to neglect the long-term goals that should be more of an emphasis.
Draft strategic plan focuses on commission's need to react to new investing technologies.
The SEC raised a disclosure threshold and sought public comment on other ways to modernize its rules for employee stock compensation.
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.
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.
The guidance relates to the Tax Cuts and Jobs Act.
Public companies received new guidance from the SEC on the disclosures they should make related to cybersecurity.
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.
Companies may initially have difficulty determining the effects of the new federal tax law on their income tax reporting.
Repetition and immaterial disclosures will be discouraged.
Five principles can help prevent, detect, or correct the most frequent securities law violations adjudicated by the SEC.
The SEC proposed amendments that are designed to simplify disclosures without sacrificing information that is important to investors.
The SEC has issued a staff accounting bulletin to bring its existing guidance into conformity with FASB’s new revenue recognition standard.
The commission also proposed an Inline XBRL requirement.