{"id":1664,"date":"2020-02-07T08:43:37","date_gmt":"2020-02-07T13:43:37","guid":{"rendered":"https:\/\/seci.wpenginepowered.com\/?p=1664"},"modified":"2020-02-07T08:43:37","modified_gmt":"2020-02-07T13:43:37","slug":"icfr-insights-and-support-from-fei","status":"publish","type":"post","link":"https:\/\/seciblog.pli.edu\/index.php\/icfr-insights-and-support-from-fei\/","title":{"rendered":"ICFR Insights and Support From FEI"},"content":{"rendered":"<p>ICFR is clearly a hot topic on the SEC and PCAOB agendas as the recent <a href=\"https:\/\/www.sec.gov\/news\/press-release\/2019-269\">MetLife enforcement<\/a> and other developments demonstrate.\u00a0 And, ICFR over unusual transactions and new accounting standard implementation present significant challenges.\u00a0 Reed Wilson, one of the workshop leaders of our Form 10-K In-Depth Workshop, who is also a member of the FEI Committee on Corporate Reporting (Yes, that is CCR!\u00a0How about \u201cDown on the Corner\u201d as a theme song?), alerted us to some very useful preparer build ICFR aids from CCR at FEI.\u00a0 The first deals with ICFR over the business combinations process:<\/p>\n<p style=\"padding-left: 30px;\"><a href=\"https:\/\/www.financialexecutives.org\/getattachment\/d44058e4-83c9-4eba-8f33-8ac269afc2c4\/ICFR_December2019-_CCR.pdf.aspx\">A Guide to Designing and Operating an Effective System of Internal Control Over Business Combinations<\/a><\/p>\n<p>CCR also published two Insight Guides dealing with ICFR considerations for the <a href=\"https:\/\/www.financialexecutives.org\/Site-Wide\/Files\/2018\/Committee\/CCR\/ICFR-Insights-Leases.aspx?=032519\">Lease Accounting Standard<\/a>and <a href=\"https:\/\/www.financialexecutives.org\/Site-Wide\/Files\/2018\/Committee\/CCR\/ICFR-Insights-CECL.aspx?=032519\">CECL<\/a>.<\/p>\n<p>Thanks to Reed and FEI and, as always, your thoughts and comments are welcome!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ICFR is clearly a hot topic on the SEC and PCAOB agendas as the recent MetLife enforcement and other developments demonstrate.\u00a0 And, ICFR over unusual transactions and new accounting standard implementation present significant challenges.\u00a0 Reed Wilson, one of the workshop leaders of our Form 10-K In-Depth Workshop, who is also a member of the FEI &hellip; <a href=\"https:\/\/seciblog.pli.edu\/index.php\/icfr-insights-and-support-from-fei\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">ICFR Insights and Support From FEI<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":9,"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":[242],"tags":[],"coauthors":[154],"class_list":["post-1664","post","type-post","status-publish","format-standard","hentry","category-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\/1664","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\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/comments?post=1664"}],"version-history":[{"count":0,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/1664\/revisions"}],"wp:attachment":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/media?parent=1664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/categories?post=1664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/tags?post=1664"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/coauthors?post=1664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}