Information on public company accounting best practices and relevant industry news
Publisher: Weil, Gotshal & Manges LLP Since July 1st, 2013, the New York Stock Exchange and the Nasdaq Stock Market have required that a compensation committee of a listed company may select or obtain advice from a compensation consultant, legal…
SEC© Press Release Companies that file disclosure documents with the SEC© can apply for confidential treatment of certain information required to be included in those documents. The Division of Corporation Finance has delegated authority to grant or deny those applications.…
SEC© Press Release Commission proxy rules require companies to provide their security holders an annual report (frequently referred to as a “glossy” annual report because it often is printed on high gloss paper) before or at the time they furnish…
Published: SECWhistleblowerAdvocate Author: Jordan Thomas A troubling practice that is frequently seen on the part of companies is the use of confidentiality agreements that purport to prevent employees or former employees from sharing any information – including information about potential…
Congressman Hurt’s proposed “Small Company Disclosure Simplification Act” is moving through the House of Representatives today and should be submitted for markup tomorrow as the proposed bill begins to gain some traction. The purpose of the bill is to “exempt…
Published: Compliance Week The SEC© may be getting closer to approving the latest IFRS Taxonomy to enable U.S. IFRS filers to begin submitting financial statements in XBRL. The IFRS Foundation recently published its 2014 IFRS Taxonomy, a kind of dictionary…
SEC© Press Release Pursuant to Section 31(j)(2) of the Securities Exchange Act of 1934, the Commission has determined that a mid-year adjustment to the Section 31 fee rate for fiscal year 2014 is not required. The Section 31 fee rate…
Publisher: Reuters Author: Sarah N. Lynch Last Friday, SEC© Democratic Commissioner Luis Aguilar recommended that the US SEC© should consider updating its rules in order to protect against technological failures or cyber-attacks of “transfer agent” firms charged with maintaining millions…
Publisher: Journal of Accountancy Author: Ken Tysiac In a speech at the Forum for Corporate Directors, SEC© Commission Daniel Gallagher stated that a targeted, step by step approach is the best way for the SEC© to review and overhaul its…
Publisher: Morrison Foerster Author: Ze’-Ev Eiger In early February, the Division of Corporation Finance of the SEC© updated its guidance regarding share-based compensation disclosures in IPO prospectuses. The updates revise prior SEC© guidance recommending that issuers, in their disclosure of…