After a very difficult year in 2016, the U.S. market for initial public offerings (IPOs) bounced back significantly in the first quarter of 2017 – with offerings, proceeds, and filings up dramatically over Q1 2016, when stock market uncertainty brought offering activity to a virtual halt. The $9.9 billion in proceeds raised was the most in a first quarter since 2014, when both proceeds and offerings reached their highest levels since the dot-com boom of 2000.
During March, the Securities and Exchange Commission completed rulemaking and published a request for comment. These activities were primarily related to the SEC’s broader disclosure effectiveness initiative and include a request for comment on possible changes to Industry Guide 3 and a proposal to require Inline XBRL.
As President Trump nears his 100-day mark, Silicon Valley has already experienced a whirlwind of political activity. Within the first three months, the president has implemented a flurry of “America first” policies that have elicited a myriad of reactions from the tech world—including Apple’s Tim Cook, Google’s Sundar Pichai and Uber’s Travis Kalanick, among others.
Last week, the SEC adopted technical amendments to several rules and forms to reflect securities law amendments included in the JOBS Act of 2012. Title I of the JOBS Act created the “emerging growth company” filer status, which permits reduced disclosures in an IPO registration statement and provides a temporary exemption from certain financial reporting and governance requirements thereafter.
For many companies, the prospect of adopting this landmark change in revenue recognition guidance may seem overwhelming. However, adopting a comprehensive strategy for implementation will serve to organize your efforts, maximize your resources, and reduce the risk of having to amend and rework your implementation efforts. In this article, we describe a comprehensive plan for successful implementation of the new standard.
It takes a great leader to run an organization, but without strong leaders a business stands little chance for success. More likely, a business has several “key employees” that contribute overall profitability and long-term success. So when it comes to insurance, it is essential that the business owners looks beyond insuring their business in the event of their own demise, but weigh the risks of losing one of their key employees.
The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) issued a comprehensive new revenue recognition standard that will supersede virtually all existing revenue guidance under US GAAP and IFRS. The effects of the new standard will vary, possibly in considerable ways, from industry to industry and company to company. In substantially all cases the adoption will also impact many other key business processes. For this reason, companies should assess how they will be impacted as soon as possible so that they can prepared to best implement this new standard.
As a decision maker in a multinational organization responsible for deploying employees around the world, you may have been wondering how the proposed tax reform under the Trump administration and current GOP Congress will affect your bottom line. The prospect of lower individual tax rates may on the surface seem to be favorable when implementing tax reimbursement policy for a sizable global mobility program, however, you may be in for a few surprises.
The technology industry is no stranger to Washington D.C. In 2015, the five biggest U.S. tech companies spent $49 million on lobbyists, outspending the five largest banks by more than $29 million, according to data compiled by the Center for Responsive Politics. A New York Times article, appropriately titled, “Obama Brought Silicon Valley to Washington,” describes the legacy of former President Obama as one which championed technology “as an engine to improve lives and accelerate society more quickly than any government body could.” But that was then, and this is now. With a new president recently installed in the White House, Silicon Valley’s relationship with Washington has hit the reset button. In this alert, we examine some of the biggest open questions facing the tech industry under the new administration.
The FASB recently issued ASU 2017-06 to clarify the presentation and disclosure requirements for an employee benefit plan’s interest in a master trust. The ASU becomes effective for plan years beginning after December 15, 2018.