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Meeting Highlights

SEC Regulations Committee Highlights – March 20, 2019

Wednesday, March 20, 2019

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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 above) is to summarize the issues discussed at the meetings. These highlights summarize topics discussed. The financial reporting matters discussed included the following:

  • Non-GAAP Financial Measures
  • EGC Transition Issues
  • Contractual obligations table upon adoption of ASC 842, Leases
  • EBITDA measure after the adoption of new leasing standards
  • S-X Rule 3-05 Requirements for EGCs in an IPO
  • S-X Rule 3-05 Significance Tests
  • Financial Statement Schedules for an Investee under S-X Rule 3-09
  • Form 8-K under Item 2.01 requirement in relation to Rule 3-05 waivers