Tuesday, July 21, 2009

Updates to SEC Regulations and Staff Interpretations

Thanks to the good folks at The SEC Institute for the following:
SEC Issues SAB 112
In early June the SEC Staff issued SAB 112 to update the codification of SABs, (the Staff Accounting Bulletin Series), in order to make the interpretive guidance consistent with current U.S. GAAP. Most of the revisions deal with material made unnecessary because of SFAS 141R, Business Combinations and SFAS 160, Noncontrolling Interests in Consolidated Financial Statements.

The new SAB and the SAB codification can be found at:


SEC Issues Technical Amendments, including to Regulations S‑X and S‑K
In the same vein, in April the SEC adopted a final rule, Technical Amendments to Rules, Forms, Schedules and Codification of Financial Reporting Policies, in order to conform them to SFAS 141R and 160.

The final rule can be found at:


SEC Issues new C&DIs on Executive Compensation
In May the SEC staff added new Regulation S‑K C&DI’s related to questions they have received on executive compensation disclosure.

The C&DIs can be accessed at:


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