In brief

Timely, high-level overviews of significant business, regulatory, financial reporting, accounting and auditing matters

In brief: SEC proposes amendments to update and simplify disclosure requirements


SEC issues proposed rules to eliminate, modify, or integrate into other SEC rules numerous disclosure requirements.

In brief: SEC requires disclosure of payments by extractive industries companies


The SEC has adopted rules that require issuers to disclose payments made to governments related to resource extraction.

In brief: SEC proposes to extend smaller reporting company status to more businesses


SEC proposal could allow more companies to benefit from scaled disclosures available to smaller reporting companies.

In brief: SEC proposes to modernize mining disclosures


The SEC has proposed changes to its mining disclosure requirements that would better align them with global practices.

In brief: Changes in VIE consolidation model proposed for certain interests


FASB proposal could change treatment of interests held by entities under common control in the VIE consolidation model.

In brief: Allowance for loan and lease losses – FASB issues final impairment standard


On June 16, the FASB issued new impairment guidance for financial instruments that will impact all reporting entities.

In brief: FASB proposes improvements on derecognition of nonfinancial assets


FASB proposal would clarify the scope of ASC 610-20 and provide guidance for certain partial sale transactions.

In brief: SEC adopts rule related to new summary that may be included in Form 10-K


The SEC has adopted a rule that gives registrants the option to include a new summary in the Form 10-K.

In brief: SEC updates interpretive guidance on non-GAAP financial measures


The SEC's new guidance on non-GAAP measures includes examples of what may make measures misleading or unduly prominent.

In brief: FASB proposes technical corrections to the new revenue standard


The FASB’s proposal makes technical corrections to the new revenue standard and provides additional disclosure relief.