Meeting Highlights

SEC Regulations Committee Highlights – March 13, 2018

Tuesday, March 13, 2018

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:

  • Financial reporting implications of tax reform legislation
  • Waivers of financial statements required by Rule 3-09 of Regulation S-X
  • New Accounting Standards
  • Use of most recent year-end financial statements in assessing Regulation S-X, Rule 1-02(w) significance in an IPO
  • Audit requirements for pre-transaction periods following a reverse merger involving two operating companies