News & Analysis as of

Securities and Exchange Commission (SEC) Financial Accounting Standards Board

Holland & Knight LLP

SEC Chief Accountant Lauds FASB for Engaging Investors, Stakeholders on Potential New Standards

Holland & Knight LLP on

Paul Munter, acting chief accountant for the SEC's Office of the Chief Accountant, on Feb. 22, 2022, released a statement related to the Financial Accounting Standards Board's (FASB) effort to consult with investors and...more

Opportune LLP

Bargain Purchases in Business Combinations: A Rarity Explained

Opportune LLP on

In the years since Financial Accounting Standard (FAS) 141 (now codified as ASC 805, Business Combinations) was implemented in 2001, most business combinations have resulted in the recognition of goodwill or have been...more

Snell & Wilmer

SEC Adopts Amendments to Simplify and Update Disclosure Requirements

Snell & Wilmer on

On August 17, 2018, the SEC adopted amendments to certain disclosure requirements that it deems to have become “redundant, duplicative, overlapping, outdated, or superseded” given existing SEC disclosure requirements, U.S....more

Foley & Lardner LLP

SEC Eliminates Redundant Disclosure Requirements

Foley & Lardner LLP on

On August 17, 2018, the U.S. Securities and Exchange Commission (SEC) announced that it had adopted a wide-ranging set of amendments (the “amendments”) to its disclosure requirements designed to streamline or eliminate those...more

Fenwick & West LLP

Life Sciences and Tech Companies Should Take Note of These New SEC Amendments

Fenwick & West LLP on

The U.S. Securities and Exchange Commission this month adopted amendments to certain disclosure requirements in an effort to streamline rules and regulations, and to remove requirements that are “redundant, duplicative,...more

WilmerHale

SEC Adopts Disclosure Update and Simplification Rules

WilmerHale on

Last week, the Securities and Exchange Commission voted to amend disclosure requirements “that have become redundant, duplicative, overlapping, outdated, or superseded, in light of other Commission disclosure requirements,...more

WilmerHale

CAQ Provides Revenue Recognition Tool for Audit Committees

WilmerHale on

The Financial Accounting Standards Board’s comprehensive new revenue recognition standard (ASC 606) will become effective for calendar-year reporting companies on January 1, 2018, a little over a year from now. As previously...more

King & Spalding

Public Company Adviser - March 2013: A “Roadmap” to Accrual and Disclosure Requirements under ASC 450

King & Spalding on

Of the types of information required to be disclosed by public companies, information about “contingencies” is often one of the more sensitive disclosures for the company and may be closely scrutinized by analysts and...more

Troutman Pepper

The SEC Is Scrutinizing Asset Valuations—Are You Ready?

Troutman Pepper on

The Securities and Exchange Commission (SEC) recently has set its sights on registered entities and their officers and directors for overvaluing the entities’ assets....more

Morrison & Foerster LLP

FASB and the IASB Announce Delays in Their Completion of International Financial Reporting Standards Convergence Projects and the...

In April 2011, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) released a joint progress report regarding their convergence program for U.S. generally accepted...more

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