Tag: Director of SEC Division of Corp Fin

Statement of Corp Fin Director on reporting cybersecurity incidents on Form 8-K

Yesterday, Corp Fin Director Erik Gerding issued a statement designed to clarify the use of Form 8-K Item 1.05 versus Form 8-K Item 8.01 when reporting cybersecurity incidents.  Sounds like some of us might be doing it incorrectly—or at least sub-optimally—potentially resulting in investor confusion.  Gerding’s statement is designed to set us straight. He also offers a little guidance about making materiality determinations regarding cybersecurity incidents.

Munter and Gerding discuss the need for additional disclosures under IFRS 19

The director of Corp Fin, Erik Gerding, and the SEC Chief Accountant, Paul Munter, have issued a new “Statement on the Application of IFRS 19, Subsidiaries without Public Accountability: Disclosures, in Filings with the SEC.” IFRS 19 permits reporting company subsidiaries “that do not have public accountability” to provide reduced disclosures […]