July 11, 2017

SEC Regulations Committee Highlights - July 11, 2017

The Center for Audit Quality SEC Regulations Committee meets periodically with the staff of the SEC to discuss emerging financial reporting issues relating to SEC rules and regulations. The purpose of the highlights (available for download below) is to summarize the issues discussed at the meetings. These highlights summarize topics discussed, including a personnel and committee update. The financial reporting matters discussed included the following:

  • Waivers via Rule 3-13 of Regulation S-X
  • Process for requesting omission of selected financial data
  • ASC 606, Revenue from Contracts with Customers
  • Non-GAAP financial measures
  • Regulation A Submissions
  • Evaluating significance of a business disposal in connection with a proxy statement soliciting authorization for the disposal       
  • Pro-Forma Financial Information presented in a Form 8-K for a significant acquisition made after a previously reported significant acquisition