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SEC's Division of Corporation Finance Updates its Financial Reporting Manual
Practical Law Legal Update 2-518-9482 (Approx. 3 pages)
SEC's Division of Corporation Finance Updates its Financial Reporting Manual
by PLC Corporate & Securities
| Published on 16 Apr 2012 • USA (National/Federal) |
The SEC's Division of Corporation Finance revised its Financial Reporting Manual.
On April 13, 2012, the SEC's Division of Corporation Finance published an updated version of its Financial Reporting Manual. The manual has been revised to address issues related to, among other things:
- Scaled disclosure for smaller reporting companies.
- Filing requirements for reverse acquisitions.
- The treatment of related businesses in significance testing.
- Revisions under ASU 2011-12.
A summary of the revisions appears on page two of the revised manual.
For more information on SEC financial reporting requirements, see Practice Note, Regulation S-X: What Lawyers Need to Know.