The Financial Accounting Standards Board has released GAAP Taxonomy Improvements for two proposed Accounting Standards Updates, Interim Reporting (Topic 270): Narrow-Scope Improvements and Government Grants (Topic 832): Accounting for Government Grants by Business Entities. These proposed improvements are available for public review and comment. Continue reading "FASB Issues Proposed GAAP Taxonomy Improvements..." »

The SEC’s Office of the Chief Accountant has announced that it will hold an open meeting to consider whether to approve the 2025 final budget and accounting support fee for the Public Company Accounting Oversight Board. {expires: 2024-12-19} Continue reading "SEC Staff to Discuss 2025 Final Budget and..." »

The SEC has released its draft of the EDGAR® Filer Manual, Volume II: “EDGAR Filing” (Version 72) to prepare issuers for potential updates to the EDGAR system scheduled to be introduced in EDGAR Release 24.4 on December 16, 2024. Continue reading "SEC Publishes Current Draft EDGAR Filer Manual" »

On December 3rd, the SEC announced that the EDGAR Filer Manual (Volume I) General Information has been amended to reflect rule and form updates, the implementation of technical changes, and other minor edits adopted in its September 2024 rulemaking. For more details, please see the EDGAR Filer Access and Account Management final rule. The amendments are effective March 24, 2025. Continue reading "SEC Updates Volume I of the EDGAR Filer Manual" »

On November 27th, the SEC released the latest additions to the list of unregistered entities that use inaccurate information about their affiliation, location, or registration to solicit mainly non-US investors. This list is known as the Public Alert: Unregistered Soliciting Entities (PAUSE) list. The update adds 14 soliciting entities, two impersonators of real firms, and four bogus regulators. The SEC’s Office of Market Intelligence, in conjunction with the Office of Investor Education and Advocacy and the Office of International Affairs, periodically revises the PAUSE list. Continue reading "SEC Updates PAUSE List of Firms Using..." »

The SEC’s Investor Advisory Committee will hold an open meeting via webcast on sec.gov that will take place on Tuesday, December 10, 2024 at 10:00 a.m. ET. The meeting is free and open for the public to attend. The meeting will cover committee matters, including subcommittee reports and approval of previous meeting minutes. {expires: 2024-12-10} Continue reading "SEC Staff to Hold Investor Advisory Committee..." »

Both the SEC and the FERC will be closed Thursday, November 28th in observance of Thanksgiving. The EDGAR System will not receive, process or accept filings on this day. Filings with a due date of November 28th will be due the following business day. eForms will accept filings submitted on November 28th. {expires: 2024-11-29} Continue reading "Thanksgiving Hours" »

On November 15th, the SEC voted to approve new rules and amendments to enhance transparency requirements and provide additional investor protection in initial public offerings (IPOs) by special purpose acquisition companies (SPACs) and in future business combination transactions between SPACs and target companies (de-SPAC transactions). Continue reading "SEC Adopts New Rules to Increase Transparency..." »

On October 30th, the Financial Accounting Standards Board (FASB) released a proposed Accounting Standards Update (ASU) designed to enhance the requirements for identifying the accounting acquirer in FASB Accounting Standards Codification Topic 805, Business Combinations. The proposed ASU is based on a recommendation of the Emerging Issues Task Force (EITF). Continue reading "FASB Publishes Proposal to Clarify Guidance for..." »

The SEC will be closed Monday, November 11th, in observance of Veterans Day. The EDGAR System will not receive, process, or accept filings on this day. Filings with a due date of November 11th will be due the following business day. The FERC will also be closed in observation of Veterans Day. eForms will accept filings submitted on November 11th. Continue reading "Veterans Day" »

On Wednesday, November 6th, XBRL US will present a webinar to familiarize issuers with the SEC’s rulemaking for public company cybersecurity disclosures, Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure, which was initially proposed in March 2022. The 60-minute virtual seminar will begin at 3:00 p.m. EDT. The event is free for the public to attend but registration is required. {expires: 2024-11-07} Continue reading "XBRL US to Host Webinar November 6th to Discuss..." »

On October 28th, The Financial Accounting Standards Board (FASB) released the proposed Taxonomy Implementation Guide, Boolean, Fixed List, and Extensible Enumeration Elements, which is based on the 2024 GAAP Financial Reporting Taxonomy. The proposed guide is intended to help issuers know when and how to use the Boolean, Fixed List, and Extensible Enumerations elements. The publication also gives an overview of appropriate use cases for these element types. Continue reading "FASB Proposes Taxonomy Implementation Guide for..." »

On October 30th, the SEC provided guidance related to a technical issue identified in the Open-End Fund (OEF) taxonomy. To address the matter, the SEC has published an updated 2024Q3 version of the OEF taxonomy and the related updated taxonomy guide. Continue reading "SEC Releases Updated 2024Q3 Version of the..." »

On October 28th, the Financial Accounting Standards Board (FASB) released proposed improvements for the 2025 US Generally Accepted Accounting Principles (GAAP) Employee Benefit Plan (EBP) taxonomy included in the 2025 GAAP Financial Reporting Taxonomy and the related release notes for public review and comment. The accompanying release notes detail the proposed technical and other conforming improvements for the 2025 EBP taxonomy. Continue reading "FASB Proposes Improvements for the 2025 GAAP..." »

On October 25th, the SEC adopted rule amendments to strengthen the resilience as well as the recovery and orderly wind-down plans (RWPs) of covered clearing agencies (CCAs). The revisions, originally proposed in May 2023, update the requirements regarding a CCA’s collection of intraday margin and a CCA’s dependence on substantive inputs to its risk-based margin model. Continue reading "SEC Adopts New Rule and Rule Amendments to..." »