News & Analysis as of August 8, 2025

Generally Accepted Accounting Procedures › Proposed Rules

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Generally Accepted Accounting Principles (GAAP) are accounting standards and procedures that are used by companies within a particular jurisdiction to prepare financial records and statements. These principles are intended to create consistency in documentation across companies and industries. Consistent documentation assists investors to better analyze potential investments and assists regulators to detect potential fraud and/or wrongdoing. less -

SEC Considers Modification of Foreign Private Issuer Criteria: May Result in Fewer Foreign Companies Qualifying as FPIs

BCLP on 6/10/2025

On June 4, 2025, the SEC released a Concept Release seeking public comment on potential changes to the definition of foreign private issuer (“FPI”), which changes may have the effect of reducing the number of foreign...more

Recent PCAOB Developments for Audit Committee and Companies

WilmerHale on 10/30/2023

The Public Company Accounting Oversight Board (PCAOB) has had one of its busiest years in recent memory, including with respect to standard setting, inspections and enforcement. Below is a summary of notable developments that...more

Summary and Early Analysis of New SEC Private Fund Rules

Holland & Knight LLP on 9/19/2023

The U.S. Securities and Exchange Commission (SEC) on Aug. 23, 2023, adopted the long-awaited private fund rules (Private Fund Rules) under the Investment Advisers Act of 1940 (Advisers Act) as part of SEC Release No. IA-6383...more

Proposed SEC Rules Aim at Putting Private Funds More in Public View

DarrowEverett LLP on 6/15/2023

Whether everyday Americans saving for retirement, college tuition, or their forever homes know it or not, there’s a chance that their money is tied, directly or indirectly, to private funds. Moreover, those Americans probably...more

SEC's Proposed SPAC Rules: A Closer Look at the Proposed Rules

Vinson & Elkins LLP on 5/6/2022

On March 30, 2022, the commissioners of the Securities and Exchange Commission (“SEC”) approved much-anticipated proposed rules relating to special purpose acquisition companies (“SPACs”). ...more

SEC Proposal - Private Fund Adviser Rules

Foley Hoag LLP on 3/28/2022

On February 9, 2022, more than a decade after the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 increased the Securities and Exchange Commission’s (the “SEC”) oversight of advisers to private funds (pooled...more

SEC Moves to Modernize Framework for Securities Offerings and Sales to Workers

Pillsbury Winthrop Shaw Pittman LLP on 1/22/2021

The SEC takes a highly anticipated first step toward updating Rule 701 and Form S-8 - Amendments to Rule 701 would increase the cap on exempt offerings and ease disclosure burdens. Revisions to Form S-8 would permit...more

SEC Proposes Rules to Update Statistical Disclosure Requirements for Bank and Savings and Loan Registrants

Bracewell LLP on 9/25/2019

On September 17, 2019, the Securities and Exchange Commission (the “SEC”) proposed rules that would update the statistical disclosures provided by banking registrants in response to Industry Guide 3, Statistical Disclosure by...more

SEC Proposes Rules to Update Statistical Disclosures for Bank and Savings and Loan Companies

Skadden, Arps, Slate, Meagher & Flom LLP on 9/23/2019

On September 17, 2019, the Securities and Exchange Commission (SEC) announced proposed rules regarding the statistical disclosures that bank and savings and loan companies are required to disclose by SEC rules. The proposed...more

The SEC proposes to update Guide 3

White & Case LLP on 9/23/2019

The SEC has published proposed changes to Guide 3 which are intended to update, clarify and codify the Guide with the aim of eliminating overlaps between U.S. GAAP, IFRS or other SEC rules, simplifying compliance efforts and...more

SEC Proposes Rules to Update Statistical Disclosures for Banking Registrants, Replacing Industry Guide 3

Mayer Brown Free Writings + Perspectives on 9/19/2019

On September 17, 2019, the Securities and Exchange Commission proposed rules to update the statistical disclosures that banks and loan registrants provide to investors, and eliminate disclosures that overlap with SEC rules,...more

SEC Proposes Amendments to Further Modernize Regulation S-K Disclosure Requirements

Wilson Sonsini Goodrich & Rosati on 8/20/2019

On August 8, 2019, the U.S. Securities and Exchange Commission (SEC) proposed amendments to the requirements related to the description of business, legal proceedings, and risk factors in SEC filings. These amendments are...more

Fed Seeks Comments on Proposed Rules for Its Controlling-Influence Framework

Alston & Bird on 6/3/2019

It’s been more than a decade since the Federal Reserve Board last issued guidance on banks’ controlling influence on their equity investments. Our Financial Services & Products Group reviews the Fed’s control framework and...more

SEC Proposes to Amend Financial Disclosures Regarding M&A Transactions

Stinson - Corporate & Securities Law Blog on 5/7/2019

The SEC has proposed rule amendments that revise required financial disclosure upon the acquisition and disposition of businesses in M&A transactions....more

Corporate & Financial Weekly Digest, Featuring Articles on Regulation S-K, Regulation NMS and Extraordinary Market Volatility,...

Katten Muchin Rosenman LLP on 4/15/2019

SEC/CORPORATE - SEC Adopts Rules to Modernize and Simplify Disclosure - The Securities and Exchange Commission recently adopted final rules to modernize and simplify the disclosure requirements for public companies...more

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Generally Accepted Accounting Procedures › Proposed Rules

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