SEC Changes Benefit Companies Undertaking IPO

July 14th, 2017 Posted by admin

Stimulating Capital Formation in the United States Effective July 10, 2017, the SEC is extending rules once only available to emerging growth companies (EGCs) under the 2012 Jumpstart Our Business Startups (JOBS) Act to all companies.  The intent of this change is to ease the IPO process and stimulate capital formation in the United States. […]

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SEC Focuses on Use of Non-GAAP Measurements

July 18th, 2016 Posted by admin

SEC Continues Focus on Non-GAAP Measurements In 2003, the Securities and Exchange Commission (“SEC”) adopted rules related to the use of non-GAAP measurements. Fast forward over a decade, and the SEC continues to have many of those same concerns as it did in 2003 and has recently updated its guidance in this area. Companies Creating Entity-Specific GAAP There continues to […]

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EITF Issues Pushdown Accounting Guidance

September 20th, 2014 Posted by admin

US GAAP had limited guidance on when the cost of acquiring an entity, or new accounting basis (pushdown accounting), would be required to be reflected in the acquired entity’s separate financial statements.  While public companies had specific guidance to follow, private companies had little guidance to follow and therefore mix practice developed. On September 18, […]

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SEC Reduces the Burden of Implementing Revenue Recognition Rules

September 12th, 2014 Posted by admin

For public companies considering the retrospective method adoption method, a significant implementation issue related to the five year selected financial data requirement.  Would the SEC require all five years to be presented under the new revenue recognition rules? SEC Provides Some Relief At the Financial Accounting Standards Advisory Council (FASAC) meeting, a SEC staff member indicated the SEC staff […]

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