Heads Up

Latest accounting and regulatory developments

Periodic newsletters that analyze important accounting developments, such as new FASB and IASB pronouncements or exposure drafts.

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SEC staff suggests ingredients for effective disclosures

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Learn more about steps registrants can take today

October 16, 2014

Over the past 18 months, the SEC and accounting standard setters have frequently questioned whether registrants are using the “right recipe” for effective disclosures—that is, whether their compliance with disclosure requirements and their disclosures of material and relevant information are optimally balanced.

This Heads Up discusses the SEC staff’s views and recommendations about steps registrants can take today to improve their disclosures and the appendix outlines various types of disclosures and the SEC’s suggestions for improving them.

Challenges and leading practices of implementing COSO

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Learn about issues related to the timing, challenges, and leading practices

September 5, 2014

What are the challenges in implementing the 2013 Internal Control—Integrated Framework (2013 COSO Framework) and related leading practices? This Heads Up discusses issues related to the timing, challenges and leading Internal Control over Financial Reporting practices. Also, get access to observations and perspectives on applying the 2013 Framework for operational and regulatory compliance purposes.

While the 2013 Framework’s internal control components are the same as those in the 1992 Framework, the new framework requires companies to assess whether 17 principles are present and functioning in determining if their system of internal control is effective. Further, the 17 principles are supported by points of focus, which are important considerations in a company’s evaluation of the design and operating effectiveness of controls to address the principles. Download the September 5, 2014, Heads Up on COSO implementation best practices.


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Robert Uhl

Partner | Deloitte & Touche LLP


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