Appendix F — Roadmap Updates for 2023

The nature of this Roadmap is such that we annually perform a comprehensive review of each topic discussed to ensure that the material accurately reflects current-year comment letter trends and themes. We also provide updates, when relevant, of new U.S. GAAP or SEC literature that could affect the types of comments issued by the SEC staff.

A number of revisions made in the 2023 edition are primarily editorial (e.g., to clarify or update existing text). Some sections have been renumbered since the publication of last year’s edition. More significant updates include (1) the addition of a section on pay-versus-performance disclosures (see Section 3.7.4); (2) the addition of a section on corporate governance disclosures (see Section 3.7.5); (3) removal of various sections related to disclosures about some evolving risks, including the transition away from LIBOR and COVID-19 risk factors; and (4) various updates to the industry-specific discussions in Chapter 6.