Heads Up: Iron Curtain or Rollover? The SEC Staff Requires Both.
SEC Issues Staff Accounting Bulletin No. 108 on Quantifying Misstatements
This issue of Heads Up summarizes the recent issuance of SEC Staff Accounting Bulletin No. 108, which addresses the SEC’s concerns over registrants’ exclusive reliance on either the “iron curtain” or “rollover” approaches (explained within Heads Up ) in quantifying financial statement misstatements.
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