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Sarbanes-Oxley Smaller Reporting Companies

Cooley LLP

What are the latest trends in SOX 404 reporting?

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As you probably recall, SOX 404 requires public reporting companies to disclose the effectiveness of their internal control over financial reporting. SOX 404(a) public companies to provide an assessment of ICFR by management;...more

Cooley LLP

Blog: SEC Amends ‘Accelerated Filer’ Definition to Exempt Low-Revenue Smaller Reporting Companies From SOX 404(b)

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On March 12, the SEC voted (by a vote of three to one, with Commissioner Allison Lee dissenting) to approve amendments to the "accelerated filer" and "large accelerated filer" definitions to provide a narrow carve-out for...more

Stinson LLP

SEC Amends Filer Definitions; Provides SOX 404(b) Relief for Certain SRCs

Stinson LLP on

The SEC has adopted amendments to the accelerated and large accelerated filer definitions to exclude smaller reporting companies with annual revenues of less than $100 million. As a result of the amendments, these smaller...more

Orrick, Herrington & Sutcliffe LLP

SEC Expands Smaller Reporting Company Relief

Internal Control Over Financial Reporting and Filing Deadlines - On March 12, 2020, the Securities and Exchange Commission adopted amendments to the definitions of “accelerated filer” and “large accelerated filer.”...more

Cooley LLP

Blog: SEC adopts carve-out from the auditor attestation requirement of SOX 404(b) for low-revenue companies

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On March 12, the SEC voted (by a vote of three to one, with Commissioner Allison Lee dissenting) to approve amendments to the accelerated filer and large accelerated filer definitions to provide a narrow carve-out for...more

Stinson - Corporate & Securities Law Blog

Expanded Analysis: SEC Amends Accelerated Filer and Large Accelerated Filer Definitions, Provides SOX 404(b) Relief

On March 12, 2020, the Securities and Exchange Commission adopted long-awaited amendments to the accelerated filer and large accelerated filer definitions with the stated goal of “reduc[ing] unnecessary burdens for certain...more

Mayer Brown Free Writings + Perspectives

New Definitions of Accelerated and Large Accelerated Filer

The Securities and Exchange Commission adopted amendments to the accelerated filer and large accelerated filer definitions, which impact the Sarbanes-Oxley Act of 2002....more

Cooley LLP

Blog: SEC adopts changes to accelerated filer definition

Cooley LLP on

On March 11, 2020, the SEC cancelled an open meeting that had been scheduled to consider the proposal to create an exemption from the SOX 404(b) auditor attestation requirement for low-revenue smaller reporting companies....more

Akin Gump Strauss Hauer & Feld LLP

SEC Proposal Would Relax ICFR Auditor Attestation Requirement for Certain Smaller Reporting Companies

In an effort to reduce compliance costs for public companies, the Securities and Exchange Commission (SEC) proposed amendments on May 9, 2019, that, in part, relax the requirement for certain “smaller reporting companies”...more

Jones Day

SEC Proposes Amendments to "Accelerated Filer" and "Large Accelerated Filer" Definitions

Jones Day on

The Situation: The U.S. Securities and Exchange Commission ("SEC") proposed amendments to the definitions of "accelerated filer" and "large accelerated filer" under the Securities Exchange Act of 1934. The Result: The...more

BakerHostetler

SEC Proposes Changing Definitions of Accelerated Filer and Large Accelerated Filer to Provide Relief to Smaller Reporting...

BakerHostetler on

On May 9, 2019, the U.S. Securities and Exchange Commission (SEC) proposed amendments to the accelerated filer and large accelerated filer definitions to “reduce costs for certain lower-revenue companies by more appropriately...more

White & Case LLP

SEC Continues on the Path of Simplifying Public Company Requirements

White & Case LLP on

New Proposed Rules Aim to Eliminate Auditor's Attestation Requirement on Internal Controls under SOX 404(b) for Smaller Reporting Companies with less than $100 million in Revenues - On May 9, 2019, the SEC proposed...more

Dorsey & Whitney LLP

SEC Proposes to Greatly Expand Exemption from SOX 404 Auditor Attestation Requirement

Dorsey & Whitney LLP on

The SEC has proposed revisions to the definition of an “accelerated filer” that would exempt most companies that have both a public float of common equity of less than $700 million and annual revenues of less than $100...more

Mayer Brown Free Writings + Perspectives

SEC’s Proposed Amendments to Accelerated and Large Accelerated Filer Definitions

On May 9, 2019, the US Securities and Exchange Commission (SEC) proposed revisions to the accelerated filer and large accelerated filer definitions in 17 CFR 12b-2 (Rule 12b-2). These proposed changes would reduce the number...more

Locke Lord LLP

SEC Proposes Further Relief for Low Revenue Smaller Reporting Companies

Locke Lord LLP on

On May 9, 2019, the SEC proposed rule changes to the disclosure requirements for smaller reporting companies (SRCs). Last year, the SEC expanded the number of companies that qualify for scaled disclosure accommodations under...more

Stinson - Corporate & Securities Law Blog

SEC to Consider Modifying Filer Definitions; Obligations Under SOX 404(b)

The SEC held an open meeting on May 9th to discuss whether to propose long-awaited modifications to filer definitions applicable to accelerated filers and large accelerated filers....more

Mayer Brown Free Writings + Perspectives

Sarbanes-Oxley Section 404(b) and Proposed New Accelerated and Large Accelerated Filer Definitions

The Securities and Exchange Commission proposed amendments to the accelerated filer and large accelerated filer definitions, which have been highly anticipated. ...more

Cooley LLP

Blog: SEC proposes narrow carve-out to exempt low-revenue smaller reporting companies from the SOX 404(b) auditor attestation...

Cooley LLP on

[This post has been updated primarily to reflect the contents of the proposing release as well as the statement of Commissioner Hester Peirce.] Those of you who expected the SEC to go big and propose raising the current...more

Cooley LLP

Blog: What happened at the Small Business Capital Formation roundtable and Advisory Committee meeting?

Cooley LLP on

This is National Small Business Week and, to kick things off, the SEC today held a brief roundtable featuring representatives of small business and investment funds in a discussion of the challenges of raising funding outside...more

Mayer Brown Free Writings + Perspectives

SEC Chair Offers Insights on Capital Formation Agenda

Securities and Exchange Commission Chair Clayton addressed attendees at the Nashville 36|86 Entrepreneurship Festival regarding the Commission’s capital formation agenda. ...more

Mintz

SEC Amends Definition of “Smaller Reporting Companies” (SRCs) to Increase the Number of Companies that Qualify for Scaled...

Mintz on

The SEC has voted to amend the definition of the term “smaller reporting company” as used in its rules and regulations. Under the amended definition, which takes effect on September 10, 2018, SRCs are companies that...more

Harris Beach PLLC

Easing the Burden: SEC Amendments Extend Smaller Reporting Company Status to More Businesses

Harris Beach PLLC on

The Securities and Exchange Commission (SEC) recently approved amendments to the definition of “smaller reporting company” (SRC), which will allow more businesses to take advantage of scaled disclosure requirements in their...more

Sullivan & Worcester

SEC Amends “Smaller Reporting Company” Definition - July 2018

Sullivan & Worcester on

The Securities and Exchange Commission has approved amendments to its "smaller reporting company" (SRC) definition, which, effective on or around September 10, 2018, will expand the number of companies that qualify for...more

Winstead PC

SEC Expands the Definition of “Smaller Reporting Company”

Winstead PC on

On June 28, 2018, the Securities and Exchange Commission (SEC) adopted amendments to the definition of “smaller reporting company” to expand the number of companies that qualify for certain scaled disclosure requirements in...more

Skadden, Arps, Slate, Meagher & Flom LLP

Capital Markets Alert – SEC Expands ‘Smaller Reporting Company’ Definition

On June 28, 2018, the Securities and Exchange Commission (SEC) approved amendments to the definition of “smaller reporting company” (SRC) that will substantially expand the number of companies that will qualify for the scaled...more

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