Financial Reporting Manual<\/u><\/a>. The updates include:<\/p>\n <\/p>\n
A new section at the very beginning of the FRM that describes communications with the Office of the Chief Accountant in CorpFin (CF-OCA). It also includes a concise summary of some of the roles and functions of CF-OCA.<\/p>\n
<\/p>\n
Section 2065 and the related index sections have been updated to clarify that questions about applying the guidance on abbreviated financial statements to a predecessor entity should be directed to CF-OCA.<\/p>\n
<\/p>\n
Sections 10220.1 and 10220.5 have been updated to clarify the guidance on the omission of financial information from draft and filed registration statements when such information \u201crelates to a historical period that the issuer reasonably believes will not be required to be included\u2026at the time of the contemplated offering.\u201d Included in the update are cross references to C&DI\u2019s 101.04 and 101.05.<\/p>\n
<\/p>\n
An interesting aspect of the revisions is how they adjust the FRM for the changes CorpFin Chief Accountant Mark Kronforst has made to organize the CF-OCA staff based on technical SEC reporting areas.<\/p>\n
<\/p>\n
As always, your thoughts and comments are welcome!<\/strong><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":"
By: George M.Wilson & Carol A. Stacey On August 25, 2017, the staff in CorpFin updated their Financial Reporting Manual. The updates include: A new section at the very beginning of the FRM that describes communications with the Office of the Chief Accountant in CorpFin (CF-OCA). It also includes a concise summary of … Continue reading CorpFin Updates Their Financial Reporting Manual<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[143],"tags":[51],"coauthors":[163],"class_list":["post-1087","post","type-post","status-publish","format-standard","hentry","category-hot-topic","tag-reporting"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/1087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/comments?post=1087"}],"version-history":[{"count":0,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/1087\/revisions"}],"wp:attachment":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/media?parent=1087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/categories?post=1087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/tags?post=1087"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/coauthors?post=1087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}