The SEC recently adopted the Final Rule, Amendments to the Accelerated Filer and Large Accelerated Filer Definitions, amending these terms in Exchange Act Rule 12b-2, Definitions, to exclude an issuer that is eligible to be a smaller reporting company and had annual revenues less than $100 million. The amendments will reduce the number of issuers required to comply with Sarbanes-Oxley Act Section 404(b), the auditor attestation on the internal control over financial reporting requirement. The Final Rule is effective 30 days after publication in the Federal Register and applies to annual reports due on or after the effective date.
This New Developments Summary describes the amended definitions and how they apply to issuers. Download our story.
Audit insights and technical guidance
No Results Found. Please search again using different keywords and/or filters.