A Disclosure Committee Tune-Up

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 history and details of the SEC’s requirements for reporting on disclosure controls and procedures, and how disclosure committees can help fulfill these requirements. 
• Describe key issues in the design and operation of disclosure committees. 
• Recognize key issues for disclosure committee consideration in the current reporting environment. 

  Course Overview:

  This program will focus on:

• Disclosure committee history, background, and purpose.
• Disclosure committee composition.
• Disclosure committee operations, including charters, certifications, and processes.
• COVID-19-related disclosure considerations:
  • Tailoring disclosure to specific company circumstances
  • SEC comments to date
• Details of the SEC’s new business, risk factor, legal proceedings, and MD&A disclosure requirements.
• Other disclosure considerations in the current environment:
  • Brexit
  • Cybersecurity
  • LIBOR transition
• Proxy review for disclosure committees:
  • Recent SEC enforcement actions surrounding perks

CPE Program Level:  Update 

Intended Audience:  CPAs, accountants, attorneys, and other professionals who deal with SEC reporting and disclosure, and related accounting issues, including in-house counsel, outside attorneys, chief financial officers (CFOs) and their staff, internal auditors, and partners of public accounting firms and their staff.

Prerequisites:  None 

Advanced Preparation:  A general knowledge of the SEC’s disclosure committee requirements.

Instructional Method:  QAS Self-Study

Updated:  February 2021

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.