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SEC Comment Letters on Foreign Private Issuers Using IFRSs (Third Edition): A Closer Look

Published on: Mar 16, 2012

This report provides insight into the topics upon which the SEC staff has focused in its reviews of foreign private issuers' periodic filings. Such items include:

  • Financial instruments
  • Presentation of financial statements (including the statement of cash flows)
  • Revenue recognition and related costs
  • Segment reporting
  • Income taxes
  • Provisions and contingent liabilities
  • Business combinations
  • Intangible assets
  • Disclosures in other sections of the periodic filings, including operating and financial review and prospects.

This edition also includes discussions of the following new areas of frequent SEC comment:

  • First-time adoption of IFRSs
  • Impairment of assets
  • Consolidated financial statements, investments in associates and interests in joint ventures
  • Property, plant, and equipment
  • Employee benefits
  • Discontinued operations
  • Other disclosure topics, such as risk disclosures, non-GAAP financial measures, controls and procedures, and guarantor financial statements.


Related Topics

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.