SEC Services Overview
Due to the increased operating costs associated with the complex regulatory requirements required by public companies, business leaders are seeking high-quality alternatives to national accounting firms.
At RubinBrown, we specialize in serving mid-size companies. We have made significant investments in our existing resources to build a dedicated service team focused on meeting your specific needs.
Our professionals have experience providing external and internal audit services, so you will benefit from our knowledge of your business from both perspectives.
Our professionals have expertise in the following areas:
- Stock Compensation and Options
- Accounting for Income Taxes
- Purchase Accounting
- Revenue Recognition
- Pension Accounting
- Consolidation of Variable Interest Entities
RubinBrown has has experience in auditing a variety of entities registered with the Securities and Exchange Commission, from start-ups to mature companies, and also qualified benefit plans that are required to file Form 11-K.
RubinBrown is registered with the Public Company Accounting Oversight Board (PCAOB). In 2012, RubinBrown was reviewed by the PCAOB and our inspection resulted in a clean opinion. You may view our inspection report by clicking here.
Your SEC Team
Members of our management group have served numerous publicly held companies prior to joining RubinBrown. Our partners and managers serving SEC clients spend substantial time keeping current on the latest developments from the SEC and the PCAOB.
We have experience in guiding public companies through complex accounting areas such as business acquisitions and divestitures, stock options and warrants, segment reporting, convertible debt, derivatives and income taxes.
Additionally, we know that companies are faced with tight deadlines for SEC filings. Our team of professionals has a strong commitment to timely and proactive service to minimize the time pressures public companies face.
Each of our SEC team members receives ongoing education and training, ensuring you profit from the most up-to-date service and guidance on SEC accounting and reporting issues.
Our professionals are equipped to meet your assurance needs, as well as provide specialized advisory services:
- Financial Statement Audits
- Tax Compliance and Advisory Service
- Due Diligence
- Agreed-Upon Procedures and Other Attest Work
- Internal Audit Services
- Sarbanes-Oxley Section 404 Compliance Services and Software
- Technical Accounting Assistance
- IPO Assistance
SEC Advisory Services
SEC reporting in today’s environment is more complex than ever and changing at an unprecedented pace. Many public companies are finding it increasingly difficult, if not impossible, to keep up.
In addition, the Sarbanes-Oxley Act and other regulations have severely limited the ability of companies’ external auditors to assist you as they previously did in implementing and reporting on these complex matters.
In response to these issues, RubinBrown and our SEC Services Group have developed "SEC Advisory Services."
You will benefit from our expertise in a variety of service areas, including:
- Preparation or review of financial statements and disclosures
- Review of 10-Q, 10-K and other public filings
- Assistance with the implementation of new accounting standards
- Research and review of unique or complex issues
- Provision of technical training
- Assistance with purchase accounting
SEC Accounting Standards Updates
|Effective in 2013
(for public calendar year-end companies)
|Effective beginning (for calendar year-end companies)|
|ASU 2013-02 — Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (ASC 220)||Fiscal years (and interim periods within those years) beginning after 15 December 2012||Q1 2013|
|ASU 2013-01 — Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities (ASC 210)||Annual reporting periods beginning on or after 1 January 2013 (and interim periods within those annual periods)||Q1 2013|
|ASU 2012-06 — Subsequent Accounting for an Indemnification Asset Recognized at the Acquisition Date as a Result of a Government-Assisted Acquisition of a Financial Institution (EITF Issue 12-C; ASC 805)||Fiscal years (and interim periods within those years) beginning on or after 15 December 2012||Q1 2013|
|Q1 2013 ASU 2012-06 — Subsequent Accounting for an Indemnification Asset Recognized at the Acquisition Date as a Result of a Government-Assisted||Fiscal years (and interim periods within those years) beginning on or after 15 December 2012||Q1 2013|
|ASU 2012-04 — Technical Corrections and Improvements||Amendments subject to transition guidance are effective for fiscal periods beginning after 15 December 2012 (1)||Q1 2013|
|ASU 2012-02 — Testing Indefinite-Lived Intangible Assets for Impairment (ASC 350)||Fiscal years beginning after 15 September 2012 (2)||Q1 2013|
|ASU 2012-01 — Continuing Care Retirement Communities — Refundable Advance Fees (ASC 954)||Fiscal periods beginning after 15 December 2012||Q1 2013|
|ASU 2011-11 — Disclosures about Offsetting Assets and Liabilities (ASC 210)||Annual reporting periods beginning on or after 1 January 2013 (and interim periods within those annual periods)||Q1 2013|
|ASU 2011-10 — Derecognition of in Substance Real Estate — a Scope Clarification (EITF Issue 10-E; ASC 360)||Fiscal years (and interim periods within those years) beginning on or after 15 June 2012||Q1 2013|
|Effective after 2013
(for public calendar year-end companies)
|Effective beginning (for calendar year-end companies)|
|ASU 2013-05 — Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity (EITF Issue 11-A; ASC 830)||Fiscal years (and interim periods within those fiscal years) beginning after 15 December 2013||Q1 2014|
|ASU 2013-04 — Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation is Fixed at the Reporting Date (EITF Issue 12-D; ASC 405)||Fiscal years (and interim periods within those fiscal years) beginning after 15 December 2013||Q1 2014|
|ASU 2012-05 — Not-for-Profit Entities: Classification of the Sale Proceeds of Donated Financial Assets in the Statement of Cash Flows (EITF Issue 12-A; ASC 230)||Fiscal years (and interim periods within those years) beginning after 15 June 2013||Q1 2014|
|ASU 2011-06 — Fees Paid to the Federal Government by Health Insurers (EITF Issue 10-H; ASC 720)||Calendar years beginning after 31 December 2013||Q1 2014|
|(1) Amendments that were not subject to transition guidance were effective upon issuance (1 October 2012).|
|(2) The amendments are effective for annual and interim impairment tests performed for fiscal years beginning after 15 September 2012|
|Focus on Internal Audit: Proposed Rule Change Would Require Internal Audit Function for NASDAQ Listed Companies|
Friday, 29 March 2013
|Focus on Public Companies: SEC Staff Publishes Final Report on Work Plan for Global Accounting Standards|
Wednesday, 25 July 2012
|Focus on Public Companies: XBRL Filing Compliance|
Thursday, 12 January 2012
RubinBrown offers a number of links and updates to current topics and pronouncements that may affect your business. Below is listing of timely information we feel may be relative to your specific business.
July 25, 2012
Focus on Public Companies: SEC Staff Publishes Final Report on Work Plan for Global Accounting Standards
On July 13, 2012, the Securities and Exchange Commission (SEC) issued a Work Plan for the Consideration of Incorporating International Financial Reporting Standards (IFRS) into the Financial Reporting System for U.S. Issuers (Work Plan).
January 12, 2012
Focus on Public Companies: XBRL Filing Compliance
As companies continue their XBRL filings and move into the detail level of filing (tagging) and as the SEC’s modified liability provisions on XBRL (Extensible Business Reporting Language) data begin to expire, public companies are looking for accuracy, efficiencies and value in the process.
June 1, 2011
SEC Publishes Study And Recommendations On SOX 404(b) For Public Companies With A Float Between $75 And $250 Million
Under the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act), the Securities and Exchange Commission (SEC) was required to conduct a study to determine how the SEC could reduce the burden of complying with Section 404(b) of the Sarbanes-Oxley Act of 2002 (SOX 404(b)) for companies whose market capitalization is between $75 and $250 million.
Focus On Public Companies: Progress Update on IFRS
While there aren’t specifics related to the U.S. implementation date for International Financial Reporting Standards (IFRS), the Office of the Chief Accountant for the SEC recently issued a progress update to the previously issued work plan.
July 20, 2010
|Focus On Accounting: Small Public Companies Exempt from SOX 404(b) Requirement
We hope these pronouncements and current topics will help you to stay up-to-date on new standards and regulations related to your business. If you have any questions, please contact your RubinBrown advisor or Eric Janson, Partner-in-Charge, SEC Services Group at
SEC Resource Links
The SEC Services Group has compiled a list of online resources we feel may by helpful to you and your business. To easily access this page in the future, you may wish to bookmark it.
U.S. Securities and Exchange Commission
Created by the Securities Exchange Act of 1934, this government agency is responsible for protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation. The SEC provides investor information, SEC rulemaking activity, and Staff Accounting Bulletins.
All public companies are required to file registration statements, periodic reports and other forms with the SEC. They are stored on the Edgar Database. The database can be searched for company information, including real-time filings.
Financial Accounting Standards Board
The FASB was formed to establish and improve standards of financial accounting and reporting for the guidance and education of the public, including issuers, auditors and users of financial information. Search tools are available to find FASB Pronouncements, EITF Abstracts, FASB Staff Positions, exposure drafts and publications.
Public Company Accounting Oversight Board
Created by the Sarbanes-Oxley Act of 2002, the PCAOB is responsible for overseeing the audits of public companies. The PCAOB lists registered accounting firms, the results of their inspections and PCAOB Auditing Standards.
American Institute of Certified Public Accountants
The AICPA is an organization dedicated to providing its members with resources, information and leadership that enable CPAs to provide services. The AICPA holds conferences and provides professional resources for CPAs.
NASDAQ Home Page
NASDAQ is the largest electronic screen-based equity securities market in the United States. The NASDAQ provides information on listing requirements, fees, applications and forms, as well as a complete listing of all companies traded on the NASDAQ.
The Federal Reserve System is the central bank of the United States. The Fed provides information on monetary policy, banking information and regulations.
SEC Services Leaders
For additional information on the RubinBrown SEC Services Group and our specialized assistance, please contact:
Eric Janson, CPA
Chip Harris, CPA
Rodney Rice, CPA
Events and Seminars
|Microsoft Dynamics Receivables Module (Saint Louis)|
Tue May 21 @ 8:30AM - 05:00PM
|Contract Liability & Indemnity Issues For Manufacturers (St. Louis)|
Wed May 29 @ 8:00AM - 09:30AM
|Not-For-Profit Investments Seminar (St. Louis)|
Wed Jun 19 @ 8:00AM - 10:00AM