1-Hour Program

See Credit Details Below


CPE credit (NASBA QAS Self-Study) is available by completing and passing the program’s CPE Review & Exam.

Upon the successful completion of this program, the participant will be able to:

  • Recall the principles-based focus of the MD&A objective and use the specific elements of the SEC’s new MD&A final rule to implement the new requirements.
  • Identify continuing/emerging risks such as climate change, COVID-19, cybersecurity, Brexit, and reference rate reform that may require MD&A disclosure.
  • Outline frequent SEC MD&A comments, enforcement cases and issues regarding non-GAAP measures/metrics to upgrade MD&A disclosures.

Course Overview:

This program will focus on:

  • The SEC’s principles-based focus on the objective of MD&A
  • Implementation steps and tips for the SEC’s new MD&A Final Rule
  • The need for a discussion of climate change and/or other ESG issues
  • Continuing impact of COVID-19 and Disclosure Guidance Topic 9 and 9A considerations
  • When to address cybersecurity, Brexit, reference rate reform and other emerging risks
  • Frequent SEC comments on MD&A, including operating segments and quantified analysis
  • Recent enforcement cases with a focus on known trends
  • Latest issues in using non-GAAP measures in MD&A
  • Five ways to improve MD&A
  • Example drafting and review processes

CPE Program Level:  Update 

Intended Audience:  Accountants and attorneys who deal with SEC reporting and disclosure and related accounting issues, including CFOs, controllers and their staff, internal auditors, partners of public accounting firms and their staff, in-house counsel, outside attorneys

Prerequisites:  A basic understanding of the SEC reporting and disclosure requirements.

Advanced Preparation:  None

Instructional Method: QAS Self-Study

Updated: April 2022

Credit Information: 1 CPE credit is available upon completion of this program’s 3 content-review questions and a minimum passing score of 70% on the 5-question final exam.

Credit Details

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