BDO Assurance Practice SEC Newsletter - January 2017

January 2017

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Significant 2016 Developments


Much like last year, in 2016 the SEC’s agenda related to financial reporting focused on Congressionally-mandated rulemaking (e.g., rulemaking required by the Dodd-Frank Act of 2010 and the FAST Act of 2015) and activities related to its Disclosure Effectiveness Initiative. The Commission completed all rulemaking required by the FAST Act in 2016 and a final rule requiring resource extraction issuers to disclose payments made to the U.S. and foreign governments. Other than a proposal to amend the definition of a smaller reporting company, the majority of the other rulemaking and Commission activities related to the Disclosure Effectiveness Initiative.