United States:
SEC Updates Accounting And Financial Reporting Manual
20 February 2018
Shearman & Sterling LLP
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On 1 December 2017, the SEC's Division of Corporation
Finance released an updated version of its Accounting and Financial
Reporting Manual.
The revisions relate to, among other things: (i) the pro forma
impact of adopting new accounting standards; (ii) the consequences
of adopting new accounting standards after status as EGC is lost;
and (iii) clarifications on the effective dates for certain revenue
standards for public business entities.
The updated SEC Manual is available at:
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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