Tag Archives: reporting

FASB: Private Companies, Nonprofits Can Apply Recent SEC Staff Bulletin

The Financial Accounting Standards Board has issued a staff Q&A signaling that it would not object to private companies and not-for-profit organizations applying a recent Securities and Exchange Commission staff accounting bulletin that addresses several key financial reporting issues that resulted from the tax reform bill.

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CFPB Will Not Assess Penalties for 2018 HMDA Data Submissions

In a major win for the industry, the Consumer Financial Protection Bureau announced today that it will not assess penalties with respect to errors in Home Mortgage Disclosure Act data collected in 2018 and reported in 2019, and will not require banks to resubmit data for that period unless errors are found to be material.

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SEC Issues Guidance on Pay Ratio Calculation

As public companies prepare to begin making Dodd-Frank Act mandated disclosures of the pay ratio between their CEOs and a median employee, the Securities and Exchange Commission is issuing guidance to facilitate compliance.

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