SRC

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The SEC recently finalized the amendment on the rules for Smaller Companies' reporting methods paving the way to a more simplified approach in complying with the new requirements. It also allows covered companies to choose between different disclosure categories. Moreover, a new definition of Smaller Reporting Company was issued, hence, expanded coverage is expected. This event will aim to further explain this amendment along with the issues surrounding its implementation. Small, as well as large scale companies are strongly encouraged to participate.

The Knowledge Congress is assembling a panel of distinguished professionals and key regulators to help the public understand this new and improved regulation. The speakers will share their expert opinions in a two-hour LIVE Webcast.

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Conference
Recommended CLE/CPE Hours: 1.75 - 2.0
(Please note, your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date.)
Advance Preparation: Print and review course materials
Course Code: 083814
Recording Fee: $299 (Please click here for details)
NASBA Sponsor Number: 109004

 

Featured Speakers for Smaller Reporting Company Regulatory Relief live webcast:


  Event Talking Points (click here to view more)
SEGMENT 1:


Karin A. French, Assistant National Managing Partner of Professional Standards,
Grant Thornton LLP

- Overview of the Smaller Reporting Company Regulatory Relief and Simplification rules
- Entering and exiting smaller reporting company status
- Impact of simplification rules on 2008 filings
- Expanded eligibility to use Forms S-3 and Form D

SEGMENT 2:


Eric D. Schoenborn, Partner and Chair, Publicly Held Companies,
Stradley Ronon Stevens & Young, LLP

- Eligibility for smaller reporting company (SRC) status - definition of public float
- Comparison of required disclosures for SRCs versus larger reporting companies
- Cost/Benefit Analysis of choosing scaled disclosure on an item by item basis (i.e., "a la carte")
- Relocation of rules affecting SRCs and changes in SEC forms

SEGMENT 3:


Kevin M. O'Neill, Special Counsel, Office of Small Business Policy, Division of Corporation Finance,
Securities and Exchange Commission

- The transition to smaller reporting company status and exiting smaller reporting company
  status- the difficulties of transitions, the old small business transition, and matching up with
  the accelerated filer definition.

- The Division of Corporation Finance’s interpretations concerning smaller reporting companies.
  Give a brief background of Compliance Disclosure and Interpretations, discuss how to find them,
  and that they replace the prior interpretations concerning Regulation S-K and former Regulation
  S-B. Some interpretations are questions and answers of general applicability and some respond
  to specific situations. Discuss the following smaller reporting company interpretations:
  - Interp. 102.01
  - Interp. 102.02
  - Interp. 102.04
  - Interp. 110.01
  - Interp. 130.07
  - Interp. 133.09
  - Interp. 146.09
  - Interp. 202.01

- Have issuers seen or will they see any cost savings because of the smaller reporting company
  disclosure standards. For example, do Smaller Reporting Companies see any cost saving in
  complying with Item 402? How about in Item 404? Any savings in Item 407?

- Are the smaller reporting company disclosure standards difficult to use?

SEGMENT 4:


James J. Moloney, Partner and Co-Chair, Securities Regulation and Corporate Governance,
Gibson Dunn & Crutcher LLP

- Best Practices to Follow:
  - Considerations beyond the literal SRC disclosure requirements
  - Advisability of including risk factors
  - Costs of additional disclosure

- Potential Traps for the Unwary:
  - avoid misleading disclosure
  - Consistency from period-to-period
  - Segment reporting requirements

- SOX 404 Internal Controls:
  - What need be done now?
  - When will the rules apply?
  - Best practices in identifying risks

- Expanded Form S-3 Eligibility


Grant Thornton LLP
Karin A. French
Assistant National Managing Partner of Professional Standards
speaker bio »»

Stradley Ronon Stevens & Young, LLP
Eric D. Schoenborn
Partner
Chair, Publicly Held Companies
                       speaker bio »»

Securities and Exchange Commission
Kevin M. O'Neill
Special Counsel, Office of Small Business Policy, Division of
Corporation Finance
                       speaker bio »»

Gibson Dunn & Crutcher LLP
James J. Moloney
Partner and Co-Chair, Securities Regulation and Corporate Governance Practice Group
                       speaker bio »»

Who Should Attend?

CPA’s
Financial Executives
Small Business Issuers
Non-Accelerated Filers
Internal Auditors
Investment Advisers
Compliance Officers
Investment Banks and Institutional Investors
Corporate Finance Lawyers, Consultants and Accountants
Capital Market Transaction Lawyers, Consultants and Accountants company

Why Attend?

This is a must attend event to anyone interested in having full understanding about the Smaller Reporting Company Regulatory Relief and Simplification.
- New guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A

Registration Information:                                                                                                                                    



Smaller Reporting Company Regulatory Relief and Simplification: Best Practices Explored
Speaker Firms:




Securities and Exchange Commission



 

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