- The PCAOB hopes to complete its planned standards for accounting estimates and the use of specialists by the fourth quarter. The audit regulator’s staff has analyzed the comments submitted in response to the proposed versions of each standard and is working on recommendations for the final amendments.
- In this videos series, Todd Stokes, managing partner – D.C. metro area, holds an exclusive interview with Gary Rappaport, founder and CEO of Rappaport Companies.
- The SEC has proposed updating its rules for exchange-traded funds (ETFs) and letting ETFs that satisfy certain conditions to come market more quickly. If the rule is finalized, the ETFs will be granted exemptions from the Investment Company Act’s requirements that govern the sale of fund shares.
- The SEC revised its regulatory definition of smaller reporting company and let 966 additional companies submit regulatory filings with a lighter set of disclosures. The threshold to qualify as a smaller reporting company was raised to $250 million of shares trading in the public’s hands from $75 million.
- The SEC adopted rules to require public operating companies to embed interactive data tags directly into their financial statements using a process called the inline eXtensible Business Reporting Language (XBRL). Investment companies are also required to provide risk-and-return summaries using inline XBRL.