Financial Reporting Alerts

Issued as needed to highlight up-to-the-minute accounting, regulatory, or other developments that may require immediate action or that may affect financial reporting and disclosure.

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Most Recent Financial Reporting Alert

SEC reemphasizes its continued focus on the new revenue standard, including advancing ICFR

Financial Reporting Alert 17-5

This Financial Reporting Alert discusses SEC Chief Accountant Wesley Bricker’s speech at the 13th Annual Life Sciences Accounting & Reporting Congress in March 2017. Mr. Bricker reminded registrants of the importance of implementing the FASB’s new revenue standard in a timely manner and of providing the required transition disclosures. He also stressed the key role of internal control over financial reporting (ICFR) in the standard’s successful implementation.

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