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…