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ARTICLE · 22 NOVEMBER 2012

On The Horizon - October 30, 2012

Grant Thornton LLP
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The Securities and Exchange Commission is offering a grace period for any public registrants that might not be able to submit corporate filings due this week due to the effects of Hurricane Sandy. In

United StatesAccounting and Audit
Grant Thornton'S Audit Practice Group
Grant Thornton'S Audit Practice Group
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Current reporting issue

SEC allows grace period for registrants affected by Hurricane Sandy

The Securities and Exchange Commission is offering a grace period for any public registrants that might not be able to submit corporate filings due this week due to the effects of Hurricane Sandy. In a statement posted October 30, the SEC said that registrants should file when they are able, but that the EDGAR system is online for those ready to file. The Divisions of Corporation Finance and Investment Management will handle requests for filing date adjustments on a case by case basis.

FASB

Final ASUs issued related to recent EITF decisions

The FASB recently issued the following Accounting Standards Updates (ASUs) related to EITF consensuses that the Board ratified at its September 27 meeting:

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