SEC Updates Financial Reporting Manual

On 25 August 2017, the SEC Division of Corporation Finance published an update to its Financial Reporting Manual.

The most significant updates include:

• a new section that precedes the table of contents has been added. This section describes how registrants may communicate with the Division's Office of the Chief Accountant ("CF-OCA") when requesting reporting relief under Rule 3-13 of Regulation S-X, answers to interpretative letter requests or informal advice, or assistance to identify and explain applicable SEC rules, regulations, forms and guidance that affect the form and content of financial statements or other financial information required to be included in SEC filings. In each case, the manual provides appropriate contact information;