SEC Proposes to Modernize Disclosures Under Regulation S-K
The SEC proposed amendments to modernize the description of business (Item 101), legal proceedings (Item 103), and risk factor disclosures (Item 105) that registrants are…
read more
New SEC Commissioner Sworn In
Allison Herren Lee was sworn into office on July 8, 2019 as an SEC Commissioner. Lee was nominated to the SEC by President Donald J.…
read more
SEC Adopts Amendments to Auditor Independence Rules
The SEC has adopted a final rule, Auditor Independence With Respect to Certain Loans or Debtor-Creditor Relationships. This rule includes amendments to the SEC’s auditor…
read more
PCAOB Issues Staff Guidance on Audit Committee Communications Related to Independence
The Public Company Accounting Oversight Board (PCAOB) has published a new staff guidance document, Rule 3526(b) Communications with Audit Committees Concerning Independence. In addition, the…
read more
SEC Commissioner Peirce Discusses SEC Proposal to Change SOX 404(b)
SEC Commissioner Hester M. Peirce recently discussed SEC rulemaking and its current agenda. As part of her remarks, Peirce discussed the SEC’s recent proposal to…
read more
A Closer Look: SEC Proposal to Re-invent Quarterly Reporting
SEC Proposal to Re-invent Quarterly Reporting The SEC issued a Concept Release in December 2018 focused on interim reporting by US companies (the “Concept Release”.) Concept…
read more
SEC Proposes Amendments to the Accelerated and Large Accelerated Filer Definitions
The SEC voted to propose amendments to the accelerated filer and large accelerated filer definitions. The proposed amendments would reduce costs for certain lower-revenue companies…
read more
SEC Proposes Improvement to Disclosures for Acquisitions and Dispositions
The SEC is proposing for public comment amendments to improve information investors receive regarding the acquisition and disposition of businesses. The proposal facilitates more timely access…
read more
SEC Adopts Rules to Modernize and Simplify Disclosure
The SEC adopted amendments to modernize and simplify disclosure requirements for public companies, investment advisers, and investment companies. The SEC indicated that these “amendments are…
read more
SEC Publishes Securities Transaction Fee Rate Advisory
The SEC announced that starting on April 16, 2019, the fee rates applicable to most securities transactions will be set at $20.70 per million dollars.…
read more