PCI
Showing 17–32 of 188 results
-
What you need to know (and disclose) about accounting changes ahead
April / May 2017
Newsletter: Public Company Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 421
Abstract: In the coming years, public companies will be required to adopt several major Accounting Standards Updates (ASUs). Under SEC Staff Accounting Bulletin (SAB) No. 74 (codified in SAB Topic 11-M), companies must disclose the impact that recently issued ASUs will have on their financial statements when adopted in a future period. This short article looks at the new standards and the appropriate disclosures.
-
Are public company enforcement actions on the rise?
April / May 2017
Newsletter: Public Company Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 720
Abstract: During fiscal year 2016, the SEC filed 868 enforcement actions — a new single-year high — resulting in more than $4 billion in disgorgement and penalties. The SEC attributes the increase in enforcement activity in part to its reliance on new data analytics to uncover fraud. This article reviews the numbers, the effect of administrative proceedings and the use of concurrent settlements.
-
Raising capital: Alternatives for public companies
April / May 2017
Newsletter: Public Company Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 529
Abstract: After an initial public offering, a company gains the ability to tap the public markets for additional capital. But sometimes a company’s access to public capital is limited by unfavorable market conditions or other factors. Under those circumstances, companies may need to consider alternative strategies. This article discusses two options: private investment in public equity transactions and at-the-market offerings.
-
IRS vs. corporate inversions – Final regulations target related-party debt
April / May 2017
Newsletter: Public Company Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 863
Abstract: In October 2016, the IRS issued the final and temporary Section 385 regulations providing for the recharacterization of certain corporate debt as equity for federal tax purposes. Although the regulations remain controversial — and could change under the new presidential administration — they significantly narrow the scope of earlier proposed regulations. This article examines both the proposed and final regulations. A sidebar discusses how earnings stripping saves taxes.
-
Are you up to date with conflict minerals reporting?
February / March 2017
Newsletter: Public Company Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 388
Abstract: Ongoing litigation over the SEC’s Conflict Minerals Rule, as well as the recent election results, has created uncertainty among public companies. For example, there’s some confusion about which companies must conduct an independent private sector audit (IPSA) of 2016 Conflict Mineral Reports (CMRs). IPSAs are due by May 31, 2017.
-
Nasdaq tightens reins on golden leash arrangements
February / March 2017
Newsletter: Public Company Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 509
Abstract: The SEC approved a new Nasdaq rule requiring listed companies to publicly disclose “golden leash” arrangements that took effect on July 31, 2016. This article examines which public companies must comply with this rule.
-
FASB provides guidance on classification of cash flow
February / March 2017
Newsletter: Public Company Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 780
Abstract: Accounting Standards Update (ASU) No. 2016-15, Statement of Cash Flows, provides companies with guidance on how to classify certain cash payments and receipts in cash flow statements. For public companies, the update applies to financial statements for fiscal years beginning after December 15, 2017, and includes interim periods within those fiscal years. This article reviews what you need to know about the update.
-
Conflicts of interest in M&A transactions – What’s your board’s role?
February / March 2017
Newsletter: Public Company Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 870
Abstract: When a company is acquired, its board of directors should identify and respond to actual or potential conflicts of interest on the part of the company’s investment bankers or other financial advisors. This is one of the lessons gleaned from the influential Delaware Supreme Court’s decision in 2015, RBC Capital Markets, LLC v. Jervis (the Rural/Metro case). This article reviews guidelines for financial advisors offered by the case. A sidebar explains how exculpatory clauses can protect directors from personal liability.
-
Can a staggered board hurt financial reporting?
Year End 2016
Newsletter: Public Company Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 415
Abstract: According to recent research, a staggered board structure tends to decrease shareholder influence over a company’s audit committee, which has a negative impact on the committee’s accountability and responsiveness. The results of the study reinforce the positive impact of nonstaggered boards on a company’s financial reporting. This article reviews the study.
-
SEC issues guidance on crowdfunding
Year End 2016
Newsletter: Public Company Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 681
Abstract: The SEC’s “Regulation Crowdfunding” permits most private companies to raise up to $1 million during any 12-month period through Internet-based crowdfunding offerings. Earlier this year, the SEC issued several Compliance and Disclosure Interpretations (C&DIs) that provide additional guidance on the subject. This article examines the regulation and the C&DIs.
-
A new model for recognizing credit losses
Year End 2016
Newsletter: Public Company Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 582
Abstract: The Financial Accounting Standards Board finalized its new standard for recognizing credit losses on financial instruments. Accounting Standards Update (ASU) No. 2016-13 requires SEC filers to adopt a current expected credit loss (CECL) model, effective for fiscal years beginning after December 15, 2019. This article discusses how CECL is a dramatic departure from the current incurred-loss model and why companies will need to develop new processes, systems and controls to capture necessary data.
-
Non-GAAP financial measures: Handle with care
Year End 2016
Newsletter: Public Company Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 853
Abstract: For years, public companies have used non-GAAP financial measures to provide investors, analysts and other financial statement users with a clearer picture of their financial performance. In May 2016, the SEC updated its Compliance and Disclosure Interpretations (C&DIs) regarding non-GAAP measures. This article highlights the SEC’s guidance. A sidebar discusses a new non-GAAP tool for audit committees.
-
Investing in ESG initiatives can benefit your bottom and top lines
October / November 2016
Newsletter: Public Company Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 424
Abstract: In recent years, an increasing number of public companies have embraced environmental, social and governance (ESG) practices both because they believe it’s the right thing to do and they believe these practices will produce significant financial benefits. This article looks at recent academic research that supports this theory.
-
SEC rule provides guidelines on Form 10-K summaries
October / November 2016
Newsletter: Public Company Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 559
Abstract: In June 2016, the SEC approved an interim final rule expressly permitting public companies to include summaries in their Form 10-K annual reports. While the new rule doesn’t expand the information that may be included in Form 10-K — companies were already allowed to provide summaries — it does impose new requirements and restrictions on such summaries. This article reviews the new rule.
-
Are your public company’s internal controls up to par? SEC stepping up enforcement with or without fraud
October / November 2016
Newsletter: Public Company Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 619
Abstract: Public companies must maintain and disclose internal controls over financial reporting (ICFR) under a variety of laws, but the SEC rarely used to pursue charges against companies for internal control deficiencies in the absence of fraud charges. Several years ago, however, the SEC announced its intent to pursue even minor violations, which can lead to more significant transgressions if ignored, as well as ICFR deficiencies that don’t involve fraud. This article discusses one recent enforcement action that reflects the SEC’s more aggressive posture.
-
Fixing America’s Surface Transportation (FAST) Act – FAST Act amendments are changing the regulatory landscape
October / November 2016
Newsletter: Public Company Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 846
Abstract: 2015’s Fixing America’s Surface Transportation (FAST) Act contains a number of provisions that affect the offer and sale of securities by both private and public companies. Since the act’s passage, the SEC has been busy amending its rules to reflect the new requirements. This article explains some of the highlights.