Corporate Financial Disclosure Answer Book

Corporate Financial Disclosure Answer Book

by Levy
     
 

ISBN-10: 0735594007

ISBN-13: 9780735594005

Pub. Date: 10/28/2009

Publisher: Wolters Kluwer Legal & Regulatory

Federal law requires public companies to disclose financial and other information in accordance with strict standards, including thousands of SEC, FASB, PCAOB, and stock exchange pronouncements. Disclosure must be in a prospectus, as well as in annual and quarterly reports and proxy statements filed with the SEC.

Corporate Financial Disclosure Answer

Overview

Federal law requires public companies to disclose financial and other information in accordance with strict standards, including thousands of SEC, FASB, PCAOB, and stock exchange pronouncements. Disclosure must be in a prospectus, as well as in annual and quarterly reports and proxy statements filed with the SEC.

Corporate Financial Disclosure Answer Book is your guide to this vital subject. Whether you are a lawyer, accountant, corporate officer, director, audit committee member, or investor, you will obtain detailed answers to virtually every regulatory question you are likely to encounter regarding financial disclosure—in readable plain English. The convenient question-and-answer format is ideal for beginners seeking a general understanding of a topic, as well as seasoned professionals grappling with critical issues. Semiannual supplements keep this valuable reference up to date in this rapidly evolving field, including requirements created by the massive Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 .

With Corporate Financial Disclosure Answer Book, you’ll be able to quickly obtain and easily understand answers to key questions about:

• Financial statement preparation
• Exchange Act registration and reporting
• Interactive data financial reporting and electronic filing
• Management’s discussion and analysis
• Derivatives disclosure
• Disclosure controls and procedures
• Internal control over financial reporting
• Executive compensation disclosure
• CEO and CFO certification of reports
• Pro-forma/non-GAAP financial information
• Audit committee responsibilities
• Auditor independence
• Financial restatements
• Regulation FD fair disclosure
• International accounting standards
• Financial statement audits
• PCAOB registration, inspections and enforcement
• Stock exchange listing standards
• And much more!

Product Details

ISBN-13:
9780735594005
Publisher:
Wolters Kluwer Legal & Regulatory
Publication date:
10/28/2009
Product dimensions:
9.80(w) x 10.20(h) x 2.60(d)

Table of Contents

PART I: FUNDAMENTALS OF FINANCIAL DISCLOSURE

Regulatory Framework

• Federal Securities Laws
• Securities and Exchange Commission
• Securities Act Registration
• Exchange Act Registration and Reporting
• Stock Exchange Listing Requirements
• Public Company Accounting Oversight Board
• State Boards of Accountancy
• State Blue Sky Laws
• American Institute of Certified Public Accountants
• Private-Sector Gatekeepers
• Research references

Financial Reporting

• Role of financial statements
• GAAP and the FASB
• Balance sheet
• Income statement
• Statement of cash flows
• Footnotes and MD&A

Financial Statement Audits

• Audit profession
• Audit engagement
• Audit report
• Alternatives to the audit
• Attestation report on internal control over financial reporting
• Records retention
• Auditors as defendants
• Research references

International Standards

• IFRS basics
• Transition to IFRS
• U.S. GAAP reconciliation
• Auditing standards
• Research references

Electronic Filing and Interactive Data

• Filing requirements
• Hardship exemptions
• Preparing submissions
• XBRL
• Interactive data financial reporting
• Research references

Acronyms and Abbreviations

PART II: SEC REQUIREMENTS

Management’s Discussion and Analysis

• Scope of disclosure
• Focus of disclosure
• Presentation of disclosure
• Forward-looking information
• Liquidity and capital resources
• Results of operations
• Critical accounting policies and estimates
• Interim period reporting
• Liability
• Research references

Off-Balance Sheet Arrangements

• "Off-balance sheet” defined
• Disclosure threshold
• Scope of disclosure
• Tabular disclosure of contractual obligations
• Presentation of disclosure
• Foreign private issuers
• Safe harbor for forward-looking information
• Research references

Derivatives Disclosure

• Accounting policy disclosure—Rule 4-08(n)
• Quantitative disclosure about market risk—Item 305(a)
• Tabular presentation
• Sensitivity analysis
• Value at risk
• Qualitative disclosure about market risk—Item 305(b)
• Item 305 general issues
• Safe harbor protection
• Disclosure required by GAAP
• Research references

Disclosure Controls and Procedures

• Definitions
• Creating a disclosure committee
• Establishing disclosure controls and procedures
• Evaluating disclosure controls and procedures
• Liability
• Research references

Internal Control Over Financial Reporting

• Definition
• Management’s annual assessment and report
• Material weakness and significant deficiency
• Quarterly evaluations
• Framework for evaluation
• Evaluation and reporting guidance
• Auditor’s attestation
• Research references

Executive Compensation

• Officers covered by disclosure requirements
• Compensation discussion and analysis
• Compensation committee report
• Summary compensation table
• Exercises and holdings of previously awarded equity
• Post-employment compensat

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >