Ideas & Insights

The SEC recently provided its views about certain disclosures for SPAC IPOs and subsequent business combination transactions.

Our annual Effective Date Reminder lists pronouncements issued as of Nov. 1, 2020, which became effective on or after Jan. 1, 2020.

The PCAOB recently asked audit committee chairs how COVID-19 has affected financial reporting and the audit process.

The SEC recently issued a final rule that amends the financial disclosure requirements for acquired and disposed businesses.

Recent amendments exclude from the accelerated and large accelerated filer definitions certain smaller reporting companies.

A recent SEC proposed rule is intended to address difficulties and confusion in applying the exempt offering framework.

The SEC recently proposed amendments to update certain aspects of its auditor independence framework in Rule 2-01.

Certain financial reporting issues were discussed during a recent SEC Regulations Committee meeting with SEC staff members.

The ASB recently issued Statement on Standards for Attestation Engagements 19, Agreed-Upon Procedures Engagements.

The SEC has proposed amendments to the definitions of “accredited investor” and “qualified institutional buyer.”

SAB No. 119 includes SEC staff interpretations regarding policies and procedures for developing CECL models and related matters.

A recent publication by the CAQ and Audit Analytics gauges how audit committees approach communication of oversight activities.

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, 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.

The PCAOB recently released insights for audit committees regarding the auditor’s communication of critical audit matters.

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.