This title clarifies new, difficult, and important reporting and disclosure requirements for SEC Reporting. You'll learn:
- The latest SEC developments and hot buttons.
- How to apply regulations S-X, S-K, and other SEC guidance.
- How to prepare and review financial statements and their related disclosures.
It includes AS 3101, The Auditor's Report on an Audit of Financial Statements When the Auditor Expresses an Unqualified Opinion.
Table of Contents
Chapter 1 1-1
The SEC and the Laws It Administers 1-1
The securities statutes 1-2
The Securities and Exchange Commission 1-29
The SEC's electronic filing system 1-40
Relationship between the accounting profession and the SEC 1-44
Internal control over financial reporting 1-53
The SEC's website 1-57
Chapter 2 2-1
Going Public: An Overview 2-1
Making the decision 2-3
Preparing the registration statement 2-14
SEC review and the cooling-off period 2-18
Amendments and closing 2-23
Post-effective amendments 2-27
Internet stock offerings 2-28
Review questions 2-30
Chapter 3 3-1
SEC Reporting: The Key Rules 3-1
General instructions to the forms 3-3
Regulation S-X 3-5
Additional guidance for auditors 3-8
Regulation S-K 3-38
SEC interpretive releases 3-40
Financial reporting policies 3-42
Accounting and Auditing Enforcement Releases 3-45
Staff Accounting Bulletins 3-46
Staff Legal Bulletins 3-53
Emerging Issues Task Force 3-58
Financial Reporting Manual 3-59
Consultations with SEC staff 3-60
Discussion topics, review questions, and cases 3-62
Chapter 4 4-1
The Annual Report: Form 10-K 4-1
The content of Form 10-K 4-7
Facing page 4-8
Part I of Form 10-K 4-9
Part II of Form 10-K 4-14
Part III of Form 10-K 4-52
Part IV of Form 10-K 4-76
Annual report to shareholders and the summary annual report 4-79
Extensions and exceptions 4-81
Review questions 4-83
Chapter 5 5-1
Registration Statements 5-1
Registration statement forms 5-2
Information required in a registration statement 5-3
Securities offering reform 5-6
Smaller reporting company regulatory relief 5-12
Emerging Growth Companies 5-13
Exempt offerings 5-14
Review questions 5-17
Chapter 6 6-1
The Quarterly Report: Form 10-Q 6-1
Filing requirements: Who, when, and where 6-2
The content of Form 10-Q 6-7
Part I -- Financial information 6-9
Part II--Other information 6-19
Omission of information by certain wholly owned subsidiaries 6-24
Review questions and cases 6-25
Chapter 7 7-1
The Current Report: Form 8-K 7-1
Filing requirements -- Who, when, where 7-2
Events to be reported 7-4
Signatures 7-33
Review questions and cases 7-36
Chapter 8 8-1
Proxy Statements 8-1
Regulation 14A 8-3
Information to be furnished to security holders 8-6
Information on the nominating, audit, and compensation committees 8-7
Proxy statements: Voting on compensation plans 8-15
Proxy filing requirements 8-21
Shareholder director nominations 8-24
Shareholder proposals 8-25
Proxy statements: Financial information 8-27
Tender offers 8-33
Review questions 8-34
Chapter 9 9-1
Reporting by Smaller Public Companies 9-1
Smaller reporting company regulatory relief rules 9-2
Small business compliance guides 9-18
COSO guidance for smaller public companies 9-19
Review questions 9-20
Chapter 10 10-1
PCAOB Standard-Setting and Other Activities 10-1
PCAOB standard-setting and other activities 10-2
PCAOB standard-setting activities 10-4
Other PCAOB guidance 10-25
PCAOB rules and amendments 10-86
PCAOB staff questions and answers related to rules 10-98
International inspection program 10-105
The PCAOB's website 10-106
Review questions 10-107
Chapter 11 11-1
Emerging Growth Companies 11-1
Eligibility requirements 11-2
Scaled disclosure provisions 11-4
Interpretive guidance 11-6
Glossary 1
Index 1
