United States
A recent GASB proposal addresses financial reporting implications resulting from the replacement of an Interbank Offered Rate.
A recent SEC Final Rule enables all issuers to engage in “test-the-waters” communications with certain institutional investors.
The SEC recently issued a proposed rule to update required statistical disclosures for bank and savings and loans registrants.
The key to creating a diverse board is to think broadly. Consider strengths, competencies, industry experiences, and risk appetite as well.
The SEC recently issued a proposed rule, which, if finalized, would revise Regulation S-K Items 101, 103 and 105.
The FASB recently issued an Accounting Standards Update that amends various Accounting Standards Codification SEC paragraphs.
When it comes to managing the risk of new technologies and cybersecurity, boards have a number of new issues to consider.
What have leaders of public companies learned during their implementation process; how can these lessons help other entities?
The PCAOB recently released insights for audit committees regarding the auditor’s communication of critical audit matters.
Our article discusses the FASB’s proposed deferred CECL effective date and the SEC’s definition of a smaller reporting company.
The FASB has added a project to its agenda to address accounting changes necessitated by reference rate reform.
The SEC clarified guidance regarding waiver requests for financial statements of entities other than the registrant in a filing.
The SEC recently issued a clarification to the single issuer exemption for broker-dealers, which is effective August 13, 2019.
The SEC amended its independence rules regarding when the auditor has a lending relationship with certain client shareholders.
Join the NACD and RSM to understand how your board and organization can benefit from changing technology like the power of cloud computing.
Recent PCAOB guidance focuses on questions that may arise when the auditor is communicating critical audit matters under AS 3101.
The Center for Audit Quality has released an updated tool to assist audit committees in the assessment of the external auditor.
The PCAOB staff recently provided guidance regarding how auditors are to comply with certain provisions of Rule 3526.
The CAQ has updated its guide that provides a high-level overview of internal control over financial reporting.
Our article provides an overview of a recent Center for Audit Quality SEC Regulations Committee meeting with SEC staff members.
A recent CAQ publication provides an understanding of emerging technologies and the risks they present to financial reporting.
The CAQ recently published an audit committee tool that provides an overview of the new credit losses standard.
The SEC recently issued a proposed rule, which would amend the definitions of accelerated filer and large accelerated filer.
The FASB has proposed Codification amendments in response to the SEC’s Disclosure Update and Simplification Initiative.
The board can foster a leadership team that is ready for strategic shifts that drive stakeholder value and may be fundamental to survival.
The SEC has proposed amendments to the financial disclosure requirements for businesses acquired and for business dispositions.
Board members are crucial in evaluating business objectives and executive suite initiatives. Is your board equipped for change management?
The SEC recently issued amendments to modernize and simplify some of the disclosure requirements in Regulation S-K.
After new SEC guidance, companies should evaluate cybersecurity risk and prevention processes to avoid potential enforcement actions.
Employing the proper internal controls can limit the financial and reputational damage that a company exposed to a cyberattack may face.
We believe auditors will engage with management and the audit committee throughout the process of determining and communicating CAMs.
The SEC recently modified the deadlines for registered investment companies filing non-public monthly reports on Form N-PORT.
A recent SEC proposal would enable issuers to engage in “test-the-waters” communications with certain institutional investors.
In a recent CAQ video, audit committee chairs share their views on the significance of critical audit matters.
The SEC has settled charges against four companies for failing to maintain ICFR for seven to ten consecutive annual periods.
Identifying characteristics of an effective board of directors helps highlight what would be missing upon the resignation of a director.
Workforce dynamics and recruitment strategies are changing. What role can the board play in talent retention best practices?
The PCAOB recently issued amendments related to its requirements for the auditor’s use of the work of specialists.
The SEC is seeking public input regarding its requirements for earnings releases and quarterly reports by reporting companies.
The SEC recently made the Regulation A exemption from registration available to Exchange Act reporting companies.
Our recap highlights some of the significant issues discussed at the 2018 AICPA Conference on Current SEC and PCAOB Developments.
A tight labor market is creating unique workforce issues for U.S. businesses. Boards can play a role in meeting these challenges.
A recent CAQ publication shares observations from dry runs performed with respect to the communication of critical audit matters.
The SEC recently updated its frequently asked questions concerning the broker-dealer financial reporting rule.
Our white paper answers questions about the process for determining and disclosing critical audit matters in the auditor's report.
Our Effective Date Reminder lists those pronouncements issued as of November 1, 2018, which became effective on or after January 1, 2018.
Board oversight must expand beyond company boundaries to consider procedures the of professional service firms with access to data.
The SEC cautions that public companies should consider cyber threats when devising and maintaining internal accounting controls.
The Division of Corporation Finance Financial Reporting Manual now is available in both web-based and PDF formats.
Our article discusses the effective date of a new interim reporting requirement for changes in stockholders’ equity.
While the middle-market has seen skyrocketing data breach rates, it’s important for companies to insist on strict security measures.
The SEC has amended the interim financial statement requirements to require a reconciliation of changes in stockholders’ equity.
A recent SEC compliance guide addresses matters related to a final SEC rule that amended the smaller reporting company definition.
The SEC recently amended certain disclosure requirements that have become redundant, outdated, overlapping or superseded.
If finalized, a recent SEC proposal would simplify certain financial disclosure requirements applicable to registered debt offerings.
The Securities and Exchange Commission recently amended Rule 701, and seeks comment on ways to modernize it and Form S-8.
The SEC Division of Corporation Finance intends to make serious deficiencies letters publicly available through EDGAR.
On June 28, the Securities and Exchange Commission voted to raise the thresholds in the definition of “smaller reporting company.”
While talent management is multi-faceted, there's often significant factors affecting employee loyalty that may have strategic implications.
SEC Deputy Chief Accountant Sagar Teotia recently discussed tax reform, revenue recognition, leases and credit losses.
Boards should not only focus on complying with regulations, but also consider the perceptions of the investment community.
Investors and directors can sometimes separated, but a bridge can always be built through thoughtful and deliberate communication.
The SEC is requesting comment on certain proposed changes to its 'Loan Provision' and other auditor independence rules.
Our article addresses private company compliance with required financial reporting under Rule 701 when issuing share-based awards.
A recent CAQ tool provides questions board members can consider as they address cybersecurity risks and disclosures.
The CAQ recently issued a tool to help audit committees in their oversight responsibilities related to the new leases standard.
The FASB removed from its Codification SAB Topic 5.M and certain guidance for public utility holding companies.
The Center for Audit Quality recently provided leading practices for audit committee oversight of non-GAAP measures.
To assist companies in preparing disclosures about cybersecurity risks and incidents, the SEC has issued an interpretive release.
Registrants are reminded that disclosure of tax-related non-GAAP financial measures must comply with the SEC’s requirements.
Recently issued SAB 117 states that SAB Topic 5.M no longer is applicable upon a registrant’s adoption of FASB ASC 321.
A recent Center for Audit Quality tool explains changes to the auditor’s report resulting from a new PCAOB standard.
FASB’s Accounting Standards Codification recently was amended to reflect updated SEC interpretive revenue recognition guidance.
Through strong governance, boards can help companies create lasting and successful workplace diversity strategies.
SOP 17-1 provides guidance regarding agreed-upon procedures engagements in connection with certain asset-backed securitizations.
The Center for Audit Quality recently issued an Alert regarding the requirements of the PCAOB’s new auditor reporting standard.
The SEC recently proposed amendments to modernize and simplify Regulation S-K so as to reduce burdens on registrants.
The SEC has provided guidance to assist registrants in preparing their disclosures pursuant to Regulation S-K Item 402(u).
On October 23, the SEC approved the Public Company Accounting Oversight Board’s new auditor reporting standard.
The PCAOB is soliciting additional comments on its proposed requirements for auditor supervision of other auditors.
Boards should prepare for a range of options as it relates to tax reform to be prepared to take action, regardless of what changes come.
The SEC recently updated its interpretive guidance to conform with the FASB’s adoption of and amendments to ASC 606.
Our guide discusses the process of going public, and reviews considerations for and against being a public company.
The CAQ encourages preparers, audit committees and auditors to focus on the disclosure of impending changes in accounting principles.
The SEC now will permit nonpublic review of draft registration statements relating to initial public offerings.
While a labor shortage presents challenges for companies it can also test the resilience of management and governance leaders.
SEC auditor independence considerations for private equity funds with a registered investment adviser or an initial public offering.
This webcast will discuss what the Trump presidency means for the middle market and the economy and what audit committees should consider.
Our views on the implications of a Trump presidency for economic growth, taxes and infrastructure, interest rates and trade.
The SEC is turning its attention to the real estate sector, looking at the reporting of investment-level and fund-level fees and expenses.
International investing is both an art and a science. Tailor your strategy to fit the region and the unique needs of your company.
Engage shareholders on a regular basis to gain perspective and input that may be valuable to your organization.
View recording of Feb.2016 webcast. Takes a look at the changing dynamic between the audit committee and their governance responsibilities
Our summary includes all of the individual articles we published discussing the 17 COSO principles.
Overview of what companies are doing to adopt the new COSO framework, the latest from the SEC and what your auditor may be looking for going forward.
A recorded version of our 2013 COSO Framework Update webcast, which was presented on May 23, 2013, is now available on our website.
Stay current on the latest IFRS news and resources
This guide will help your stakeholders determine if an IPO is the right path for your company by addressing some basic questions.
This financial reporting resource center contains articles and related insights on other SEC regulatory matters.
The financial reporting resource center - SEC financial reporting, provides insightful knowledge on SEC financial reporting matters.
A white paper focusing on strategy and risk, executive compensation, CEO succession planning and board evaluations.
Resources for public companies on the SEC’s conflict minerals rule.
RSM/NACD white paper outlining the six warning signs boards should be aware of, along with areas boards should focus on.
An overview of the SEC's final staff report regarding its Work Plan for the Consideration of Incorporating International Financial Reporting ...
A seven-page summary outlining the JOBS Act’s major provisions regarding capital access and reduced regulatory reporting requirements for small to ...
These resources provide insightful knowledge related to matters affecting public companies and companies planning to go public.
In our summary, we highlight a few 2017 accounting and financial reporting developments affecting audit committees.
Overview of the SEC’s conflict minerals rule, with a summary of the rule’s reporting and audit requirements.
Responses to questions on the SEC’s conflict minerals rule.