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.

SEC updates financial reporting manual

  • SEC (US Securities and Exchange Commission) Image

Oct 29, 2013

The SEC's Division of Corporation Finance has issued an update to its Financial Reporting Manual (FRM).

Revised sections of the FRM have been updated as of June 30, 2013. The updates:

  • Incorporate guidance on the Jumpstart Our Business Startups Act into the manual.
  • Clarify the guidance on a registrant's requirements related to the age of interim financial statements for an acquired business.
  • Expand guidance to include the SEC staff's interpretive views on how a registrant should consider the effects of retrospective accounting changes in the income significance test for its equity method investees.

The updated FRM is available on the SEC's Web site.

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.