CAQ Releases Highlights of June 2021 Joint Meeting With the SEC Staff

The Center for Audit Quality (CAQ) has published highlights of the June 23, 2021, CAQ SEC Regulations Committee joint meeting with the SEC staff.

Topics discussed at the meeting included:

• Requirements for pre-merger SPAC financial statements for registration statements filed after a de-SPAC merger has been completed.
• Disclosures related to a change in accountants for a nonreporting target company in a SPAC transaction.

Impacts of a loss of emerging growth company status because the rolling, three-year, $1 billion nonconvertible debt issuance threshold has been exceeded.