CAQ Releases IPTF Meeting Highlights

The Center for Audit Quality (CAQ) has posted to its Web site highlights of the May 22, 2025, joint meeting between the CAQ SEC Regulations Committee, the International Practices Task Force (IPTF), and the SEC staff. Topics discussed at the meeting included:

• Non-GAAP considerations related to management-defined performance measures.
• Public communications under IFRS 18, Presentation and Disclosure in Financial Statements.
• Columnar presentation in the statement of financial performance required by IFRS 18.
• Whether a registrant that plans to voluntarily transition from a foreign private issuer to a domestic U.S. registrant is required to file a Form 12b-25 in the year of transition.
• Considerations related to a company’s restructuring as part of an IPO.