Dodd-Frank Public Companies and Securities
Revenue Recognition Representations for M&A and Underwriting Agreements
Public Companies and Securities Some have suggested that the FASB’s new revenue recognition standard will result in particularized representations in M&A, underwriting and loan documents. It’s easy to argue it’s not necessary and is covered by the standard representation such as “The Financial Statements have been prepared in accordance with GAAP applied on a consistent basis throughout the period […] Read more →
Faulty New Computer System Results in SEC Bringing MD&A Related Charges
Litigation, Public Companies and Securities The SEC recently brought charges against the CEO and CFO of UTi Worldwide Inc. in a settled enforcement proceeding. The Company was engaged in multinational freight forwarding... Read more →
PCAOB Approves Expanded Auditor’s Report to Require Communication of Critical Audit Matters
Public Companies and Securities The Public Company Accounting Oversight Board adopted a new auditor reporting standard that will require more information about the audit. The new standard is subject to SEC... Read more →
Early Revenue Recognition Adopters Provide Some Guidance on MD&A Disclosures
Public Companies and Securities I recently wrote a blog on considerations for MD&A disclosures on adoption of the new revenue recognition standard. After learning a few Form 10-Qs had been filed by early... Read more →