{"id":2401,"date":"2023-01-31T10:04:22","date_gmt":"2023-01-31T15:04:22","guid":{"rendered":"https:\/\/seci.wpenginepowered.com\/?p=2401"},"modified":"2023-01-31T10:04:27","modified_gmt":"2023-01-31T15:04:27","slug":"corpfin-updates-the-financial-reporting-manual","status":"publish","type":"post","link":"https:\/\/seciblog.pli.edu\/index.php\/corpfin-updates-the-financial-reporting-manual\/","title":{"rendered":"<strong>CorpFin Updates the Financial Reporting Manual<\/strong>"},"content":{"rendered":"<p style=\"font-weight: 400;\">On January 30, 2023, CorpFin <a href=\"https:\/\/www.sec.gov\/divisions\/corpfin\/cfnew.shtml\">announced<\/a> an update to the Financial Reporting Manual (FRM).\u00a0 Updated information includes:<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>The phone number for contacting CorpFin Office of the Chief Accountant staff;<\/li>\n<li>A link to a new online submission for financial statement waiver or substitution requests;<\/li>\n<li>Guidance for financial disclosures about guarantors and related matters \u2013 S-X Rules 3-10 and 3-16, as amended; and<\/li>\n<li>Guidance related to the implementation of ASU 2018-12, Financial Services \u2013 Insurance (Topic 944):\u00a0Targeted Improvements to the Accounting for Long-Duration Contracts.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"font-weight: 400;\">The update also removed information that is no longer applicable.<\/p>\n<p style=\"font-weight: 400;\">Still awaiting updates are sections addressing:<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Disclosures about acquired and disposed businesses,<\/li>\n<li>Qualifications of accountants,\u00a0and<\/li>\n<li>Management\u2019s discussion and analysis.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"font-weight: 400;\">You can <a href=\"https:\/\/www.sec.gov\/corpfin\/cf-manual\">read more about this update and find the FRM here<\/a>.<\/p>\n<p style=\"font-weight: 400;\">As always, your thoughts and comments are welcome!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On January 30, 2023, CorpFin announced an update to the Financial Reporting Manual (FRM).\u00a0 Updated information includes: The phone number for contacting CorpFin Office of the Chief Accountant staff; A link to a new online submission for financial statement waiver or substitution requests; Guidance for financial disclosures about guarantors and related matters \u2013 S-X Rules &hellip; <a href=\"https:\/\/seciblog.pli.edu\/index.php\/corpfin-updates-the-financial-reporting-manual\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\"><strong>CorpFin Updates the Financial Reporting Manual<\/strong><\/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":[260],"class_list":["post-2401","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\/2401","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=2401"}],"version-history":[{"count":0,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/2401\/revisions"}],"wp:attachment":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/media?parent=2401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/categories?post=2401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/tags?post=2401"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/coauthors?post=2401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}