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ARTICLE · 20 FEBRUARY 2018

SEC Updates Accounting And Financial Reporting Manual

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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.

United StatesAccounting and Audit
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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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