United States:
SEC Updates Accounting And Financial Reporting Manual
20 February 2018
Shearman & Sterling LLP
To print this article, all you need is to be registered or login on Mondaq.com.
On 1 December 2017, the SEC's Division of Corporation
Finance released an updated version of its Accounting and Financial
Reporting Manual.
The revisions relate to, among other things: (i) the pro forma
impact of adopting new accounting standards; (ii) the consequences
of adopting new accounting standards after status as EGC is lost;
and (iii) clarifications on the effective dates for certain revenue
standards for public business entities.
The updated SEC Manual is available at:
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Accounting and Audit from United States
The Importance Of Forensic Accounting In 2024
Bennett Thrasher
Forensic accounting is a specialized field within accounting that involves the utilization of investigative techniques to uncover financial discrepancies, fraud, or other irregularities...
SEC Accounting Standard Setting Statement
Mayer Brown
The SEC's Chief Accountant Paul Munter, released a statement "Accounting Standard Setting in a Rapidly Evolving Business Environment: A Focus on the Timely Delivery of Investor Priorities,"...