All Disclosures articles
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News BriefMeta discloses potential CFPB lawsuit following probe into advertising, disclosure practices
Meta disclosed in a public filing that an investigation by the Consumer Financial Protection Bureau related to financial product advertising on platforms Instagram and WhatsApp may lead to a lawsuit.
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ArticleCAMs, coronavirus highlight audit committee transparency report
The 2020 Audit Committee Transparency Barometer, an annual report issued by the CAQ and Audit Analytics, explores new disclosure trends related to the coronavirus pandemic and critical audit matters.
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ArticleTip sheet: 2020 priorities for accounting and audit regulators
With the new year under way, we highlight some focus areas of accounting and audit regulators—SEC, PCAOB, and FASB—that should be top of mind for boards of directors.
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ArticleHot topics for 2019 year-end audits
As auditors get ready for year-end audits, internal controls and new accounting standards are on their radar.
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ArticleSEC revisiting decades-old bank disclosure guide
The SEC is seeking public comment on proposed updates to statistical disclosures for bank and savings and loan registrants.
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Article
SEC petitions for ‘guidance’ restrictions, enhanced bank disclosures to break out overdraft fees
A recent public rulemaking petition asks the SEC to prohibit guidance that becomes binding and enforceable. A separate petition seeks more detailed revenue breakdowns in banks’ 10-K filings.
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Blog
SEC expands application of scaled disclosures
The SEC has extended its “smaller reporting company” definition to expand the number of companies that qualify for scaled disclosure accommodations.
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Blog
Reporting improves with KAM disclosures, study says
After a year of reporting “key audit matters” in audit reports abroad, financial reporting has improved, says a study by a global accounting group.
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Article
Companies scramble to wrap up new revenue recognition
In the transition to new accounting rules on revenue recognition, it appears many companies are still trying to wrap up their implementation work.
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Blog
Auditors get guidance on altering audit report
Auditors have some new guidance from the PCAOB about how to begin revising their audit reports to reflect new requirements that take effect this year-end.
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Blog
SEC tasks audit committees to set tone for accounting changes
Audit committees take note: SEC is putting a lot of faith in you to set the tone for corporate adoption of major changes in accounting requirements.
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Blog
SEC reshapes Regulation S-K disclosures, marches forward on LEIs
The SEC has proposed a plan, as mandated by the FAST Act, to simplify and modernize the Regulation S-K disclosure regime. New rule amendments would also accelerate the use of Legal Entity Identifiers by public companies.
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Blog
SEC’s requirement for hyperlinks in filings now in effect
As of Sept. 1, rule and form amendments requiring hyperlinks are in effect. The changes were put in place by the SEC to make it easier for investors and other market participants to find and access exhibits in registration statements and periodic reports.
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Article
As firms adopt revenue rules, are they ignoring disclosure?
Whether you think your company is ready for the new accounting for revenue recognition or not, it’s probably not ready to comply with new disclosure requirements.
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Blog
FASB updates accounting for certain benefit plans
Companies with employee benefit plans held in master trusts have some new accounting rules to learn and observe, courtesy of the Financial Accounting Standards Board.
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Article
Biggest companies wrapping up revenue recognition studies
Big companies are wrapping up revenue recognition assessments and determining what to disclose to investors at year-end. Tammy Whitehouse has more.
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Article
Companies make early progress in adopting revenue recognition
As summer slips away, it appears many companies used the time wisely to make some progress in adopting the new revenue recognition accounting standard. Tammy Whitehouse has more.
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Blog
Let’s check in on FASB’s disclosure projects
Reporting companies have long had to include large amounts of information in the disclosures of financial statements, but that all might change for the better, says CW columnist Scott Taub.
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Blog
FASB Proposes Changes to Pension Accounting, Disclosures
For companies that still carry defined benefit pension plans, FASB is proposing an update to accounting standards to require companies to separate the service cost from other components of the net benefit cost for purposes of presenting it in financial statements. The proposal outlines specific guidance on how to break ...
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Article
SEC Pushed Toward Creating New Board Composition Disclosures
Image: As businesses become more risk-prone and globalized, investors are demanding that fresh blood be infused into boards. So too are legislators with a desire to leverage SEC disclosures as a tool to bolster the ranks of directors and embed cyber-security knowledge. These efforts place a focus on board composition, ...