President Signs Small Business Jobs Act
The Small Business Lending Fund Act of 2010 was approved by the House and was sent to Pres. Barack Obama, who is expected to sign it on Mon., Sept. 27.
SEC Exempts Small Cos. From Internal Control Audits
On Sept. 15, 2010 the SEC issued a Final Rule exempting small companies from Section 404(b) of the Sarbanes-Oxley Act.
CPC Policy Joins Estate Tax Coalition Letter Urging Permanent Estate Tax Relief
IASB Publishes Free Training Material On IFRS For SMEs
On Jan. 18, 2010 the IASB announced the publication of new training material on IFRS for SMEs.
Sarbanes-Oxley Exemption Passes Congressional Committee
On Nov. 4, 2009 the House Financial Services Committee voted to adopt an amendment that would exempt small companies from Sarbanes-Oxley Section 404b.
Guidance For Small Public Cos. On Internal Control Audits Published By PCAOB
Panelists Announced For SEC Forum On Small Business, Roundtable On Mark-To-Market
The SEC announced the panelists and agendas for its Nov. 20 Government-Business Forum on Small Business Capital Formation and its Nov. 21 Roundtable on Mark-to-Market Accounting.
SEC Forum on Small Business Capital Formation To Be Held Nov. 20
On Oct. 21, 2008, the SEC announced that it's annual forum on small business capital formation will be held this year on Nov. 20, 2008.
SEC Small Business News: Voluntary Online Filing of Form D Begins, Mandatory Next Spring
The SEC recently launched voluntary filing of Form D by small companies, and issued a Small Business Compliance Guide on this process.
Accounting Software Packages
Sarbanes-Oxley 404(b) Extension For Small Cos.; Cost-Benefit Study Launched By SEC
Earlier today, the SEC proposed a one-year extension of the Sarbanes-Oxley Section 404(b) requirement for an external audit of internal control, for smaller companies. The proposed extension was announced in conjunction with the launch of SEC's study of the cost-benefit of complying with Section 404 under new guidance issued by the SEC and PCAOB in 2007.
SEC Publishes Small Entity Compliance Guide For New Rules Effective Feb. 4
On Jan. 25, 2008, the SEC published: “Changeover to the SEC’s New Smaller Reporting Company System by Small Business Issuers and Non-Accelerated Filer Companies: A Small Entity Compliance Guide.”
SEC Adopts Easier Filing Requirements For Smaller Companies
The SEC adopted new rules that make it easeir for smaller public companies to comply with reporting requirements. Among them are Rules 144 and 145 of the Securities Act and Regulation S-B. This edition of KPMG's Definit Issues describes the new rules.
Detailed Summary of SEC's Second IFRS Roundtable - Dec. 17, 2007
Following is a detailed summary of SEC’s second roundtable on implications of SEC potentially permitting – or requiring – U.S. public companies to adopt IFRS, held on Dec. 17, 2007.
FEI CCR and SPCTF Reiterate, Further Explain Rationale for Request for Full Deferral of FAS 157
PCAOB Seeks Comments On Small Business Guidance
On Oct. 17, 2007, the PCAOB released for public comment its Preliminary Staff Views providing “Guidance for Auditors of Smaller Public Companies” for internal control audits. FEI's Small Public Company Task Force will review this guidance and consider whether to file a comment letter.
FEI Small Public Company Task Force Comment Letter on SEC's Proposed Def. of Significant Deficiency
SEC Provides Further Relief for Smaller Public Companies
This issue of Heads Up, published by the National Office Accounting Standards and Communications Group of Deloitte & Touche LLP, summarizes the newest proposals issued by the SEC to ease reporting for smaller public companies.
Impact of AS5 on Smaller Public Companies, By Jefferson Wells CEO
Wander, Thynn May 18 Letter to Senators Kerry and Snowe
Senate Hearing On Sarbanes-Oxley And Small Business
On April 18, 2007, the Senate Committee on Small Business and Entrepreneurship, chaired by Sen. John Kerry (D-Mass.), held a hearing on Sarbanes-Oxley and small business.
SEC Annual Small Business Forum On XBRL, Capital Formation
On Aug. 31, 2006, the U.S. Securities and Exchange Commission (SEC) announced its annual Forum on Small Business Capital Formation (the “forum”) will be held this year on Friday Sept. 29, at SEC’s Washington, D.C. headquarters.
COSO Issues Small Business Guidance