CAQ Releases Highlights of March 2021 Joint Meeting With the SEC Staff
CAQ Releases Highlights of March 2021 Joint Meeting With the SEC
July 13, 2021
The Center for Audit Quality (CAQ) has published highlights of the March 24, 2021, CAQ SEC Regulations Committee
joint meeting with the SEC staff.
Topics discussed at the meeting included:
Presentation of pro forma earnings per share in IPO registration
Implementation questions regarding final amendments to requirements for
disclosures about acquired and disposed-of businesses.
Financial statements used to determine significance for an acquisition
shortly after year-end.
Staff observations regarding waivers related to significant
Implementation questions regarding final amendments to MD&A, selected
financial data, and supplementary financial information.
Staff observations on requirements for disclosures about critical audit
matters in certain scenarios involving emerging growth companies.
Financial statement requirements in an Form S-4 registration statement or
merger proxy statement for a nonreporting target merging with a public
operating company, shell company, or special-purpose acquisition company in
a reverse merger.
Staff reminder that draft or initial registration statements must be
complete when submitted or filed.