Industry Insights

SEC Proposes Threshold Increase for Smaller Reporting Companies

August 2016

Executive Summary

The SEC issued a proposal that would make it easier for smaller companies to qualify for reduced reporting requirements. The amendments would increase definition thresholds for smaller reporting companies (SRC), expanding the number of companies qualifying for scaled disclosures under Securities Act of 1933 Regulation S-K and Regulation S-X. Under the proposal, companies with $75 million or more of public float qualifying as an SRC would be subject to accelerated filers’ requirements, including filing deadlines and auditor’s attestation of management’s assessment of internal controls over reporting.

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