AccountingLink

    SEC Reporting Series

    24 September 2018

    SEC Reporting Update - 2018 trends in SEC comment letters
    Our SEC Reporting Update publication points out areas of focus of comment letters issued to early adopters of the new revenue standard, which may indicate areas the SEC staff will focus on when reviewing filings by the much larger population of registrants that adopted the standard in 2018. It also highlights areas the SEC staff may focus on next, such as disclosures about cybersecurity and how companies will be affected by new accounting standards on leases and credit impairment, and their completion of accounting for the effects of income tax reform.

    16 August 2018

    SEC Reporting Update - New definition of a smaller reporting company will provide significant disclosure relief for many companies
    Our SEC Reporting Update describes the new thresholds for qualifying for smaller reporting company (SRC) status and the scaled disclosures SRCs can provide in SEC filings. The SEC expects nearly 1,000 more registrants to qualify for SRC status under the new definition, which is effective 10 September 2018. A registrant that qualifies as an SRC under the new definition has the option of reducing its disclosures beginning with its first periodic report due after 10 September 2018 or a registration statement or proxy statement filed or amended on or after that date. Our publication also notes that the staff of the SEC’s Division of Corporation Finance issued A Small Entity Compliance Guide on this topic.

    22 February 2018

    SEC Reporting Update - SEC issues guidance on cybersecurity
    The Commission issued interpretive guidance that goes beyond the 2011 staff guidance by addressing the importance of insider trading prohibitions and the application of disclosure controls and procedures to cybersecurity risks and incidents. The new guidance, which carries more weight because it was issued by the Commission itself, largely incorporates the staff’s previous guidance on cybersecurity disclosures. The guidance will become effective after it is published in the Federal Register. The Appendix to our publication provides relevant excerpts from the Commission’s guidance that we have organized into three broad categories: general disclosure guidance, specific disclosure guidance and corporate governance and compliance.

    30 November 2017

    2018 proxy statements - An overview of the requirements
    Our proxy publication is a reference tool for use when preparing the annual meeting proxy statement. It reflects all final SEC rules and interpretive guidance issued through 31 October 2017.

    30 November 2017

    Pro forma financial information - A guide for applying Article 11 of Regulation S-X
    Our publication summarizes the requirements for pro forma financial information and illustrates how registrants may apply the guidance to different transactions and pro forma adjustments.

    21 November 2017

    2017 SEC annual reports – Form 10-K
    We have updated our SEC Financial Reporting Series to reflect all final SEC rules and interpretive guidance issued through 31 October 2017. This publication is intended as a reference tool for preparing annual reports on Form 10-K.

    21 November 2017

    2018 SEC quarterly reports – Form 10-Q
    We have updated our SEC Financial Reporting Series to reflect all final SEC rules and interpretive guidance issued through 31 October 2017. This publication is intended as a reference tool for preparing quarterly reports on Form 10-Q.

    16 November 2017

    SEC Reporting Update - Spotlight on cybersecurity disclosures
    After the Securities and Exchange Commission (SEC or Commission) said its EDGAR filing system had been compromised, SEC Chairman Jay Clayton issued a statement about the importance of cybersecurity to the Commission and to SEC registrants and signaled that the SEC staff will increase its scrutiny of companies’ disclosures about cyber incidents and their cybersecurity programs. In this publication, we outline how public companies should approach their cybersecurity disclosures and provide examples of disclosures some companies have made.

    25 September 2017

    SEC Reporting Update - 2017 trends in SEC comment letters
    Our SEC Reporting Update publication highlights the SEC staff’s increased focus on non-GAAP financial measures over the last year and discusses emerging topics such as the new revenue standard and cybersecurity. The publication also explains the nature of the staff’s common comments on segment reporting, income taxes and management’s discussion. It also notes the continuing trend for the SEC staff to issue fewer comment letters than in the previous year.

    1 December 2016

    2017 proxy statements - An overview of the requirements
    Our proxy publication is a reference tool for use when preparing the annual meeting proxy statement. It reflects all final SEC rules and interpretive guidance issued through 31 October 2016.

    1 December 2016

    Pro forma financial information - A guide for applying Article 11 of Regulation S-X
    Our publication summarizes the requirements for pro forma financial information and illustrates how registrants may apply the guidance to different transactions and pro forma adjustments.

    17 November 2016

    2016 SEC annual reports – Form 10-K
    We have updated our SEC Financial Reporting Series to reflect all final SEC rules and interpretive guidance issued through 31 October 2016. This publication is intended as a reference tool for preparing annual reports on Form 10-K.

    17 November 2016

    2017 SEC quarterly reports – Form 10-Q
    We have updated our SEC Financial Reporting Series to reflect all final SEC rules and interpretive guidance issued through 31 October 2016. This publication is intended as a reference tool for preparing quarterly reports on Form 10-Q.