CAQ Public Policy and Technical Alert, June 2016

Each month, the CAQ Public Policy and Technical Alert highlights and examines regulatory, standard-setting, legislative, and broader financial reporting developments impacting the public company audit profession. Please note that this alert is intended as general information and should not be relied upon as being definitive or all-inclusive. The CAQ encourages member firms to refer to the rules, standards, guidance, and other resources in their entirety.

• PCAOB issues staff guidance for firms filing the new Form AP
• SEC adopts amendment to Form 10-K implementing FAST Act provision
• SEC permits voluntary filing using Inline XBRL
• SEC proposes modernized property disclosures for mining registrants
• CorpFin updates C&DIs
• SEC proposes amendments to smaller reporting company definition
• SEC adopts disclosure rules for resource extraction issuers
• SEC names new Senior Adviser to the Chair for Cybersecurity Policy
• FASB releases new, proposed ASUs
• IASB issues narrow-scope amendments to IFRS 2; proposes amendments to IFRS 3 and 11
• IOSCO issues guidance on non-GAAP financial measures
• House legislation seeks PCAOB, SEC reforms
• COSO proposes updates to ERM Framework
• CAQ publication highlights composition of audit committees of the future possible audit committee enhancements
• CAQ tool helps audit committees continue to examine use of non-GAAP measures
• Highlights of SEC Regulations Committee meeting now available
• CAQ issues new ‘Profession in Focus’ videos
• CAQ’s Fornelli discusses ICFR
• Upcoming events