Heads up: Iron curtain or rollover? The SEC staff requires both
SEC issues staff accounting bulletin no. 108 on quantifying misstatements
Volume 13, Issue 11
This issue of Heads Up summarizes the recent issuance of SEC Staff Accounting Bulletin No. 108, which addresses the SEC’s concerns over registrants’ exclusive reliance on either the “iron curtain” or “rollover” approaches (explained within Heads Up ) in quantifying financial statement misstatements.
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