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SEC's Division of Corporation Finance Updates its Financial Reporting Manual
Practical Law Legal Update 1-520-3836 (Approx. 3 pages)
SEC's Division of Corporation Finance Updates its Financial Reporting Manual
by PLC Corporate & Securities
| Published on 13 Jul 2012 • USA (National/Federal) |
The SEC's Division of Corporation Finance revised its Financial Reporting Manual.
On July 11, 2012, the SEC's Division of Corporation Finance published an updated version of its Financial Reporting Manual. The manual has been revised to address issues related to, among other things:
- The age of interim financial statements included in Form 8-K.
- The use of pro forma information in the Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A).
- The age of financial statements required in Form 8-K for smaller reporting companies.
- Periods required for financial statements filed by Canadian issuers on Form 40-F.
A summary of the revisions appears on page one of the revised manual.
For more information on SEC financial reporting requirements, see Practice Note, Regulation S-X: What Lawyers Need to Know.