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Financial Reporting

Secretariat

Post-M&A Headaches – When the Numbers Don’t Add Up Post Closing

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The ink is dry, the deal is closed, and the integration roadmap is underway. But for many acquirers, the honeymoon phase of a merger or acquisition ends abruptly when post-closing financials begin to diverge from...more

Hone Maxwell

The Benefits of Using Both a CPA and a Tax Attorney

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A frequent question we get from clients and colleagues is if a tax attorney or certified public accountant (CPA) — or both — are needed. ...more

Orrick, Herrington & Sutcliffe LLP

FDIC releases its banking profile for Q2 of 2025

On August 26, the FDIC released its Second Quarter 2025 Quarterly Banking Profile for FDIC-insured institutions, reporting aggregate net income of $69.9 billion in the second quarter of 2025, a decrease of $677.3 million (1...more

J.S. Held

Five Fraud Prevention Tactics for Small Accounting Departments

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Business owners are often stretched thin as they balance growing revenue with managing operations. This can be exacerbated in a small business environment where resources are limited. According to the Association of Certified...more

Maynard Nexsen

Insights from Recent SEC Comments on Segment Reporting

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The SEC Division of Corporation Finance has a filing review process to monitor and enhance compliance by registrants with applicable disclosure and accounting requirements. Under this process, the SEC Staff reviews...more

Thomas Fox - Compliance Evangelist

Compliance Tip of the Day: How a CFO Views Compliance and Risk

Welcome to “Compliance Tip of the Day,” the podcast where we bring you daily insights and practical advice on navigating the ever-evolving landscape of compliance and regulatory requirements. Whether you’re a seasoned...more

Cooley LLP

The Ten Most Common XBRL Errors for Form 10-Ks

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Given that the Staff from the SEC’s Division of Economic and Risk Analysis recently had to post this note about errors for XBRL tags on “public float” amounts, I thought I would list the ten most common XBRL errors made by...more

A&O Shearman

Eastern District Of Pennsylvania Dismisses Putative Class Action Against Biotechnology Company For Failure To Adequately Allege...

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On July 29, 2025, the United States District Court for the Eastern District of Pennsylvania dismissed a putative class action asserting claims under the Securities Exchange Act of 1934 against a biotechnology company and its...more

Paul Hastings LLP

Public Company Watch: Q2 2025

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This edition of the Public Company Watch highlights critical updates and regulatory changes affecting public companies. Staying informed on these topics is crucial for effective compliance and strategic planning....more

A&O Shearman

The UK consults on its draft Sustainability Reporting Standards

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What do businesses need to know, and how can they prepare? Introduction - On June 25, 2025, the UK government initiated a consultation (the Consultation) on the exposure draft of the UK Sustainability Reporting Standards...more

Cooley LLP

COSO Drops Proposed Corporate Governance Framework (For Now)

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Last week, COSO withdrew its public exposure draft for a corporate governance framework just a month after it was proposed. This was a set of FAQs about it that was posted when the proposal first was made....more

A&O Shearman

EC adopts Delegated Regulation to postpone ESRS disclosure requirements for wave one companies

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The European Commission has adopted a Delegated Regulation amending Delegated Regulation (EU) 2023/2772, introducing targeted amendments, referred as a "quick fix", to postpone the application of certain disclosure...more

Skadden, Arps, Slate, Meagher & Flom LLP

2026 SEC Filing Deadlines and Financial Statement Staleness Dates

Our guide to 2026 SEC filing deadlines and financial statement staleness dates (including a color-coded calendar) is now available. Public companies should factor in these key reporting deadlines, disclosure obligations and...more

WilmerHale

PCAOB Survives and Continues to Share Guidance with Audit Committees

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Despite the future of the Public Company Accounting Oversight Board coming under threat, the PCAOB continues to release guidance, implement rules, conduct inspections and pursue enforcement actions....more

Katten Muchin Rosenman LLP

CFTC’s FCM FAQ Aims to Guide New Market Entrants but Adds No New Obligations

On June 30, the Commodity Futures Trading Commission’s (CFTC) Market Participants Division (MPD) published a new FAQ clarifying requirements and expectations around futures commission merchant (FCM) registration and ongoing...more

Ankura

Navigating the Data Revolution: A CFO's Blueprint for Organic Growth in the AI Era

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In today's business landscape, what propelled your organization to its current position will likely prove insufficient for tomorrow's challenges and opportunities. As leaders in the Office of the CFO, we have observed...more

Skadden, Arps, Slate, Meagher & Flom LLP

ESG in 2025: A Midyear Review

In this article, we reflect on key trends in ESG over the first half of 2025 and look ahead at what to watch in the second half of 2025. We analyse developments, including the following major themes: - EU Omnibus Proposals...more

Thomas Fox - Compliance Evangelist

Compliance Tip of the Day: COSO Objective 3 – Control Activities

Welcome to “Compliance Tip of the Day,” the podcast that brings you daily insights and practical advice on navigating the ever-evolving landscape of compliance and regulatory requirements. Whether you’re a seasoned compliance...more

Roetzel & Andress

Condo 4.0 – Florida’s Latest Changes to the Condominium Act (HB 913)

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On June 23, 2025, Governor DeSantis signed HB 913. This law is effective July 1, 2025. This is Part I of a two-part summary and contains the changes to the Condominium Act and Fla. Stat. 553.899, of which condominium...more

Ankura

The Journey to Data Truth: Building Financial Intelligence That Matters

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In today's data-driven business landscape, "single source of truth" (“SSoT”) has become the defining standard for trusted, authoritative, consistent, and accurate financial intelligence. As leaders in financial advisory, we...more

Cooley LLP

The SEC’s Concept Release on the ‘Foreign Private Issuer’ Definition: Why It Matters

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Last week, the SEC issued this 71-page concept release to rethink the definition of “foreign private issuer” and determine which companies should get the benefits of reporting under the FPI reporting framework. Here’s the...more

Ankura

Unlocking Strategic Potential: Reimagining FP&A in Middle Market Companies

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Have you ever wondered how some companies seem to navigate complex business landscapes with remarkable precision? The secret often lies in a function that many overlook: Financial Planning & Analysis (FP&A). In today's...more

Cooley LLP

14 Lessons Learned from the PCAOB’s Conversations with Audit Committee Chairs

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Recently, the PCAOB released its annual recap of its conversations with audit committee chairs. This past year, the PCAOB staff interviewed 272 audit committee chairs to come up with its findings, 78% of whom chaired a...more

Latham & Watkins LLP

Recent Developments for UK PLCs June 2025

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On 3 June 2025, the Financial Reporting Council (FRC) published the UK Stewardship Code 2026. The new Code, effective from 1 January 2026, aims to foster long-term sustainable value creation and improve engagement quality...more

Mayer Brown Free Writings + Perspectives

SEC Releases Data on Regulation A and Regulation Crowdfunding Offerings

On May 28, 2025, the U.S. Securities and Exchange Commission (the “SEC”) released several reports produced by its Division of Economic and Risk Analysis (“DERA”) detailing data and statistics regarding the use of the...more

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