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As 2023 draws to a close we are taking a moment to recap on some of the headline events that have occurred in the aviation industry during the last 12 months:... 1. A New...
As the SEC continues to develop its ESG agenda, a series of recent cases underscores the risk posed by ESG-related litigation. Although the courts have not been receptive to the...
9. Proxy Advisory Firm Voting Policy Updates. 10. Diversity Considerations. 12. Hedging Disclosure Requirements Now Applicable to Smaller Reporting Companies and Emerging Growth Companies. A. COVID- 19 1. SEC’s COVID-19 Supplemental Guidance Reinforces Importance of High-Quality Financial Reporting. On June 23, 2020, the SEC’s Division of Corporation Finance (the Division) released CF Disclosure Guidance: Topic No. 9A (the Supplemental Guidance), which supplements CF Disclosure Guidance Topic No. 9 (the Original Guidance). The Supplemental Guidance provided the Division’s additional vie...
e.g., the new credit losses standard). A key aspect of CECL, according to Bloomberg, is the requirement that businesses “make a ‘reasonable and supportable’ assessment about the future when they tally expected losses. The uncertainty about the coronavirus could throw what they previously thought of as reasonable out of whack.” As noted in this PubCo post, at a meeting of the SEC’s Investor Advisory Committee, a Committee member commented that, in light of the economic conditions resulting from COVID-19, determining impairment of accounts receivable under these conditions could b...