Illustration of the SEC's 2026 proposed filer status overhaul — two categories (large accelerated and nonaccelerated filers), a $2 billion public float threshold, and an ICFR auditor-attestation exemption
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SEC Filer Status Overhaul 2026: LAF, NAF & $2B Threshold

BySW Accounting admin

What is the SEC’s proposed filer status overhaul? On May 19, 2026, the SEC proposed collapsing public-company reporting into two categories — large accelerated filers (LAFs) and nonaccelerated filers (NAFs) — raising the LAF public float threshold to $2 billion and exempting NAFs from ICFR auditor attestation. If you advise public companies, the SEC filer…

Illustration of the SEC proposal raising the large accelerated filer threshold to $2 billion and reducing SOX 404(b) auditor attestation for public companies
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SEC IPO Reform: Accelerated-Filer Threshold & SOX 404(b)

BySW Accounting admin

What did the SEC propose to make going public easier? The U.S. Securities and Exchange Commission issued a set of proposed rule changes intended to encourage IPOs. The headline item: raise the threshold to be a “large accelerated filer” from $700 million to $2 billion in public float (the higher status would have to be…