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SEC Proposes Changes to Disclosures on Acquisitions and Disposals

May 6, 2019

The U.S. Securities and Exchange Commission (SEC) proposed rules changes designed to provide investors improved information about acquired and disposed businesses while reducing the cost and complexity to businesses preparing disclosures. The proposed amendments have arisen from the SEC’s ongoing project to evaluate disclosure requirements. For years, regulators and standard setters such as the SEC and the Financial Accounting Standards Board (FASB) have been trying to find ways to simplify financial reporting without eliminating information that’s useful to investors. Read more at the Journal of Accountancy.