Thought Leadership

Business Financial Report on Desk

Small Business, Big Savings: QSBS Tax Exclusion

Would you like to invest in a small business and cash out your gains, five years later, completely tax-free? It’s possible. Venture capital (VC) fund managers and other investors should look for Qualified Small Business Stock (QSBS), which can qualify for significant tax benefits under Section 1202…

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Financial Graph

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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Share Prices and Exchange Rate Tables & Upward Trend Graphs

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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Boardrooms Are Looking More Diverse

Companies of all sizes and industries understand the strategic value of bringing diverse voices to the table, not only in their workforce but also in their boards of directors. Recent boardroom diversity studies have identified some key findings and characteristics — beyond diversity of gender and…

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Auditing Accounting Estimates and the Use of Specialists

The Public Company Accounting Oversight Board (PCAOB) recently voted to finalize two related standards aimed at improving audits of accounting estimates and the work of specialists. Though the new, more consistent guidance would apply specifically to public companies, the effects would likely…

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Circuit Board and Processor

Audits Home in on Cybersecurity

In 2018, U.S. organizations that suffered a data breach lost an average of $7.91 million as a result. That’s the highest average organizational cost of all the countries and regions covered in the 2018 Cost of a Data Breach Study by IBM and independent research firm Ponemon Institute. Malicious or…

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ESG Issues: To Report or Not to Report?

Securities and Exchange Commission (SEC) Chairman, Jay Clayton, recently stated that public companies should not be required to disclose information concerning environmental, social and governance (ESG) matters in their financial statements, using a standardized format. Currently, these disclosures…

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