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Heads Up: SEC Removes Reconciliation Requirement, Approves Smaller Public Company Rules

Volume 14, Issue 24

This issue of Heads Up summarizes (1) the SEC’s decision to allow foreign private issuers to prepare financial statements using IFRSs without reconciling to U.S. GAAP and (2) its approval of proposed rules benefiting smaller public companies.

Read more in the file attached below or visit the Heads Up Archive for past issues.

Heads Up and other information on accounting and financial disclosure also can be found on Technical Library: The Deloitte Accounting Research Tool. Technical Library, a subscription-based research tool, includes material from the Financial Accounting Standards Board (FASB), Emerging Issues Task Force (EITF), American Institute of Certified Public Accountants (AICPA), Securities and Exchange Commission (SEC) and International Accounting Standards Board (IASB), in addition to our own accounting manual and interpretative accounting guidance. Updated every business day, Technical Library has an intuitive design and navigation system. Powerful search features enable users to locate information quickly, at any time and from any computer. Additionally, Technical Library subscribers receive periodic e-mails highlighting recent additions to the Technical Library. Read more about Technical Library.

Read the full report attached below in PDF format.

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