The Securities and Exchange Commission has voted to adopt amendments to the definitions of “accelerated filer” and “large accelerated filer” in the Exchange Act, revisions that would exclude issuers that are both eligible to be a “smaller reporting company” and have less than $100 million in annual revenues.

Maria L. Murphy, CPA, is a regular contributor to Compliance Week. She is a senior content management analyst, accounting and auditing products, CCH tax and accounting North America for Wolters Kluwer....