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SEC Commissioner Lee on materiality myths and misconceptions

Commissioner Allison Herren Lee of the US Securities and Exchange Commission (SEC) recently spoke on ‘Living in a Material World: Myths and Misconceptions about “Materiality.”’ She addressed, among other topics, the important role of the investor in determining what is ‘material’ to disclosure, particularly around environmental, social and governance (ESG) topics.

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ClimateDisclosureESGRiskUS

Biden orders climate risk disclosures

By Editor

On 20 May 2021 US President Joe Biden signed a sweeping Executive Order on Climate-Related Financial Risk. It mandates greater disclosures to provide the information needed to understand climate risks and enable action to mitigate them.

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DataDisclosureRegulationSECUS

SEC minds the (data) gaps

By Editor

What are the current gaps where more data is needed for good regulatory decisions? That’s the question explored by Commissioner Caroline A. Crenshaw of the US Securities and Exchange Commission (SEC) in an excellent keynote address to the 8th Annual Conference on Financial Market Regulation, titled ‘Mind the (Data) Gaps.’

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AccountingReportingSECSPACUS

Wave of restatements as SPACs resolve accounting issues

By Editor

Special Purpose Acquisition Companies, or SPACs, are generating a surge of restatements correcting past financial reports, following last month’s accounting clarification from the US Securities and Exchange Commission (SEC).

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NRSROSECUS

SEC invites comment on data collection from NRSROs

By Editor

The US Securities and Exchange Commission has published a proposed collection and comment request on the existing collection of information from Nationally Recognized Statistical Rating Organizations, or NRSROs.

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ClimateDisclosureESGStandardsUS

US Treasury Secretary Yellen calls for consistency in climate disclosures

By Editor

In remarks to the Institute of International Finance on 21 April, US Secretary of the Treasury Janet Yellen laid out the Treasury’s ‘whole-of-government’ approach to climate change, and emphasised the importance of disclosure.

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AccountingReportingSECSPACUS

SEC turns attention to SPACs

By Editor

The US Securities and Exchange Commission (SEC) has recently focused its attention on Special Purpose Acquisition Companies, or SPACs. SPACs are cash-only investment vehicles that are formed and listed with a view to taking private companies public.

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ESGSECUS

Gary Gensler in the Chair at SEC

By Editor

On 17 April 2021, Gary Gensler was sworn into office as a Member of the US Securities and Exchange Commission (SEC), which he joins as Chair. He was nominated for the post by President Joe Biden early in the year, and confirmed by the US Senate on 14 April.

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Data QualityDQCReportingrulesetUSXBRL US

Testing data quality with latest DQC Ruleset from XBRL US

By Editor

The XBRL US Data Quality Committee has published its 15th Ruleset for a 45-day public review and comment period, which closes on 2 June 2021. The draft ruleset includes eight new rules specific to US GAAP filers, and one for IFRS filers.

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DigitisationReportingSECUSXBRL

XBRL at the heart of SEC’s modernisation, says Forbes

By Editor

An article published in Forbes on 15 April, titled ‘The SEC’s Technology Modernization Is Accelerating – Are You Ready?’ calls out XBRL as one of the most important aspects of modernisation efforts at the US Securities and Exchange Commission (SEC).

US

Items tagged with "US"

SEC Commissioner Lee on materiality myths and misconceptions

Biden orders climate risk disclosures

SEC minds the (data) gaps

Wave of restatements as SPACs resolve accounting issues

SEC invites comment on data collection from NRSROs

US Treasury Secretary Yellen calls for consistency in climate disclosures

SEC turns attention to SPACs

Gary Gensler in the Chair at SEC

Testing data quality with latest DQC Ruleset from XBRL US

XBRL at the heart of SEC’s modernisation, says Forbes

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Items tagged with "US"

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