Disclosure Requirements

January 29, 2021 Webinar
3:00 pm – 4:00 pm EST
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The COVID-19 pandemic continues to impact public companies that file reports with the U.S. Securities and Exchange Commission (SEC) as they respond to their disclosure obligations and navigate other challenges posed by the pandemic. Join Candace Jackson, Christine McDevitt, Christina Thomas and

Securities and Exchange Commission Chair Clayton had commented in several interviews over the last couple of months regarding possible SEC Staff guidance regarding SPAC disclosures.  In a prior post, we also had noted that in remarks given at a conference this fall, SEC Commissioner Lee also had noted that perhaps given the proliferation in

In this MB Microtalk video, Management’s Discussion & Analysis, Laura Richman discusses the SEC’s recent amendments to several of the disclosure requirements relating to Management’s Discussion & Analysis of Financial Condition and Results of Operations (MD&A, or the Regulation S-K Item 303 requirements), in order to streamline and modernize these.

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At an open meeting this morning, the Securities and Exchange Commission (SEC) adopted resource extraction rules, as required by the Dodd-Frank Act.  Resource extraction issuers that file reports pursuant to Securities Exchange Act Section 13 or 15(d) will be required to disclose payments made to the U.S. federal government or foreign governments for the commercial

Next week, on December 16, 2020, at 10am ET, at an open meeting, which likely will be the last for Chair Clayton, the Securities and Exchange Commission will consider several interesting matters.

The SEC will consider final rules regarding resource extraction payment disclosures.  This is a Dodd-Frank Act requirement pursuant to Section 1504.  These rules

The Association of International Certified Professional Accountants (AICPA) hosted the 2020 AICPA Conference on Current SEC and PCAOB Developments this past week at which a number of SEC accountants participated, either delivering speeches or contributing to panel discussions.

Sagar Teotia, the SEC’s Chief Accountant gave remarks reflecting on the past year, and commenting on the

Foreign public companies listed in the United States may soon face delisting if their auditors cannot comply with US investor protection laws. On December 2, 2020, the US House of Representatives passed by voice vote the Holding Foreign Companies Accountable Act (HFCAA), which would require auditors of foreign public companies to allow the Public Company

The SEC has brought its first enforcement action against a public company relating to disclosure of the financial effect of the pandemic. The Cheesecake Factory Incorporated, without admitting or denying the SEC’s findings, agreed to a cease-and-desist order and payment of a $125,000 civil penalty, settling charges of making misleading disclosures in two Form 8-Ks:

On November 24, 2020, the US Securities and Exchange Commission (SEC) proposed for comment amendments to Rule 701 under the Securities Act of 1933, which is the exemption from the registration requirements relied upon most frequently by non-reporting companies in connection with their issuances of stock-based compensation to employees, as well as amendments to the