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SEC Looks to Ease Some Disclosures, Tighten Accounting Estimates

Jan. 31, 2020, 12:21 AM

The Securities and Exchange Commission wants to eliminate some repetitive financial disclosure requirements and bolster its rules for reporting accounting estimates.

The commission released the proposed amendments to Regulation S-K Thursday and issued guidance for performance metrics included in a company’s management discussion and analysis. The amendments represent the commission’s latest batch of changes intended to modernize and simplify its non-financial reporting rules.

Under the proposal, companies would:

  • No longer be required to report five years of financial data, two years of quarterly financial data, or a table listing contractual obligations.
  • State an objective for their management discussion and analysis ...