A Closer Look reviews a number of significant rule changes recently issued by the Securities and Exchange Commission (SEC) that have a direct impact on company financial reporting within filings made with the SEC. Readers should consider these new rules and revisit their current disclosures to make sure they are prepared to implement them.

Key aspects of these recent rule changes include:

• Modernization of Regulation S-K (description of business, legal proceedings, and risk factors)
• Acquisitions of Businesses Disclosure Rules
• Guarantor Financial Information
• Definition of Accelerated Filer