Sep 22, 2020 | Center for Public Company Excellence, Public & Investor Backed
By Zhanna Korneva On August 28, 2020, the SEC approved a new type of direct listing on the New York Stock Exchange that allows companies to sell new stock. Existing investors were previously allowed to sell shares through direct listings, but companies could not use...
Sep 22, 2020 | Center for Public Company Excellence, Public & Investor Backed
Have you recently acquired a business that is a corporation, or are thinking of acquiring one this year? If so, then you should examine how changes in the Tax Cuts and Jobs Act (“TCJA”) and the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act have impacted...
Sep 1, 2020 | Center for Public Company Excellence, Public & Investor Backed
By Rachel Guan FASB issued the Accounting Standards Update 2020-04 to ease the potential burden in accounting for reference rate reform on financial reporting. This update responds to concerns on structural risks of interbank offered rates (IBORs) and the dangers of...
Aug 27, 2020 | Center for Public Company Excellence, Public & Investor Backed
By Servando A. Osornio Portillo In May 2020 the Securities Exchange Commission (“SEC”) issued final rule to amendment SEC rules and forms to improve their application, assist registrants in making more meaningful determinations of whether a subsidiary or an acquired...
Aug 12, 2020 | Center for Public Company Excellence, Public & Investor Backed
by Zhanna Korneva On July 8, 2020 Public Company Accounting Oversight Board (PCAOB) hosted a webinar for public company audit committee members. The focus of the discussion was the impact of COVID-19 pandemic on financial reporting, audits and audit committee...
Aug 12, 2020 | Center for Public Company Excellence, Entrepreneur & Family Owned Businesses, Public & Investor Backed
In January 2018 public companies, and in January 2019, all companies will have to apply the new definition of a business (Update No. 2017-01; ASC 805). The new guidance includes a two-step process which will simplify the legacy application guidance which deemed to be...
