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CAQ releases highlights of June 2019 joint meeting with the SEC staff

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Jul 29, 2019

In July 2019, the Center for Audit Quality (CAQ) published highlights of the CAQ SEC Regulations Committee joint meeting with the SEC staff held on June 25, 2019.

Topics discussed at the meeting include:

  • Use of income averaging for purposes of testing significance when registrant has applied the full retrospective method of adopting ASC 606 but has not revised the earliest two periods.
  • Emerging Growth Company (EGC) Transition Issues.
  • Application of amended MD&A provisions that permit the omission of the earliest period of MD&A in a filing in circumstances where there has been a retrospective change to the financial statements.
  • Interim periods required for changes in stockholders’ equity in a registration or proxy statement.
  • Non-GAAP measures, including individually tailored non-GAAP financial measures.

Review the highlights on the CAQ's website.

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