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FASB Considers Changing Acquired Goodwill Accounting

Goodwill is an acquired intangible asset which, if it decreases in value, can affect earnings. Currently, the Financial Accounting Standards Board (FASB) is considering whether to alter the subsequent public company accounting of goodwill and other acquired intangible assets, as well as soliciting…

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Recent Bill Calls for Action on Stock Repurchases

In May, a bill that would require the U.S. Securities and Exchange Commission (SEC) to study the rules governing corporate stock buybacks was debated by the House financial services subcommittee. The bill directs the SEC to study potential amendments to Rule 10b-18 that would address some perennial…

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Stock Repurchases Are on the Rise — and so Is the Risk Involved

In recent years, stock repurchases have skyrocketed, partly driven by the cash flow generated by the Tax Cuts and Job Act (TCJA) and the availability of inexpensive debt capital. So-called “buybacks” have become a political hot button, and some lawmakers want to enhance the information companies…

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The Time Has Come… MD&A Requirements May Soon Be Updated

In regards to management’s discussion and analysis (MD&A) of financial condition and results of operation, the U.S. Securities and Exchange Commission (SEC) plans to issue a proposal that would “modernize and simplify disclosure rules” by April 2020. Here’s what we know so far.

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Public Company Insights: SEC Proposes Redefining Accelerated Filers

Under an SEC proposal published in the Federal Register on May 29, 2019, smaller reporting companies who qualify as accelerated filers but have annual revenue below $100 million would be recategorized as non-accelerated filers. That status would extend filing deadlines and relieve these companies…

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