This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice ( for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

CAQ Issues Alert – SAB Topic 11.M - A Focus on Disclosures for New Accounting Standards

  • CAQ Image

Jun 28, 2017

On June 28, 2017, the Center for Audit Quality (CAQ) released the alert, "SAB Topic 11.M – A Focus on Disclosures for New Accounting Standards," which encourages CAQ members to focus on evaluating the adequacy of management’s disclosure of impending changes in accounting principles. The alert addresses requirements that registrants discuss in their interim and annual SEC filings and the potential effects of recently issued accounting standards when adopted in a future period.

The new revenue recognition, leases, and credit losses accounting standards become effective over the next few years, and these new accounting standards are expected to present significant changes for many companies. Even in situations where a new accounting standard is not expected to significantly impact a registrant’s primary financial statements, the alert adds that the accounting standard’s requirements related to footnote disclosures may still be a significant change.

Review the alert on the CAQ's website and the requirements on the SEC's website.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.