SEC Practice

The pressures and challenges involved in managing today’s public companies are vast. Growing shareholder value, addressing regulatory change, competing in the international marketplace and protecting corporate reputation are just a few of the challenges management and the board of directors must address. The audit should not interfere with managing your business.

It takes responsive leadership, deep technical acumen, uncompromising quality and recognition of what makes your company unique to achieve a successful audit experience.

An overview of the JOBS Act
A seven-page summary outlining the JOBS Act’s major provisions regarding capital access and reduced regulatory reporting requirements for small to midsized companies.

The Drive to Ease Rules for Smaller Public Companies: Will it Help?
Leroy Dennis, national director of public policy and regulatory relations, talks with CFO World about steps the SEC and Congress have taken to try to reduce regulatory burdens associated with going or staying public.

SEC adopts new net worth standard for accredited investors
On Jan. 25, 2011, the Securities and Exchange Commission (SEC) proposed amendments to the accredited investor standards in order to comply with the requirements of Section 413(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank). Nearly a year later, on Dec. 21, 2011, the SEC adopted the final rules in an amendment to the accredited investor standards.

SEC Approves New Rules to Toughen Listing Standards for Reverse Merger Companies
Recently, the SEC approved new rules toughening the standards for companies going public through a reverse merger in order to become listed on the Nasdaq, NYSE and NYSE Amex exchanges.

New SEC Committee Addresses Issues Facing Small and
Emerging Companies
The new SEC advisory committee on small and emerging companies has several important issues to address including SOX compliance costs, raising private investor capital as well as the complexity of the going public process. Leroy Dennis, national director of public policy and regulatory relations, believes the SEC has established a brand with shareholder protection as a primary interest, and any alternative methods of raising investment capital by these companies should protect this brand.

Understanding the Fine Points of 8-K Regulations
Compliance & Disclosure Interpretations from the SEC provide details that regulations may not cover. Phyllis Deiso, national SEC practice leader for McGladrey, explains to CFO World what this year’s C&DI means when it comes to changing accountants as well as the difference between a significant deficiency and a material weakness.