The SEC Rules

  Financial reporting for America's small businesses

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5 July 2007 SEC proposes consolidation of Regulation S-B rules into Reg. S-K

27 June 2007 SEC proposes reducing holding periods under Rule 144

15 Dec. 2006 SEC again extends Section 404 compliance date for non-accelerated filers

Archives: 2005



Seminar Descriptions:

Fundamentals of SEC Reporting:  Regulations S-X and S-K, SEC Financial Reporting Policies and Staff Accounting Bulletins.

Description:  An in-depth study of the fundamental SEC rules and regulations, covering information appearing inside and outside of the financial statements as well as the SEC's Financial Reporting Policies ("FRPs") and Staff Accounting Bulletins ("SABs").

Designed for:  Those in the practice of public accounting, who are either auditing or advising SEC registrants, or those who are working for SEC registrants, with external reporting responsibilities.

Objective:  To provide the necessary depth of knowledge for the full range of SEC filings including Registration Statements under the Securities Act of 1933.  This course is designed as the indispensable modular add-on or follow-up to both of the other courses in the SEC Practice Series, particularly because the FRP's and the SAB's apply to Small Business Issuers as well as unrestricted registrants.

Highlights:  SEC rules as to who has to file, when and how many years of financial statements -audited and unaudited - must be filed, how long is a year, the SEC's "War Powers and Waiver Authority," how to make a balance sheet, income statement and related footnotes in conformity with Regulation S-X, Rules for Financial Statement Schedules, Interim and Pro-Forma Statements, fore-part regulations, covering among other critical S-K Items, the all-important Management's Discussion and Analysis, Executive Compensation Disclosures, Changes in Auditors, Related Party Transactions and much, much more, including current examples and cases for discussion.

Course Level:  Intermediate 

Prerequisite:  An introductory-level course to SEC reporting or the equivalent.