SEC's Division Of Corporation Finance Updates Its Financial Reporting Manual

On 9 November 2016, the SEC revised its Financial Reporting Manual to add guidance with regard to the implementation of IFRS 15, Revenue from Contracts With Customers and IFRS 16, Leases, and Accounting Standards Update No. 2015-09, Disclosures about Short-Duration Contracts (Topic 944).

The update also seeks to clarify guidance on emerging growth company financial statements and to reflect recent C&DIs on non-GAAP financial measures, among other topics.

For further information, see...