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 SEC reporting for business acquisitions under Regulation S-X Rule 3-05 — significance tests, required acquiree financial statement periods, pro forma, and the Form 8-K deadline
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SEC Business Acquisition Reporting: Rule 3-05 Explained

BySW Accounting admin

When does an SEC registrant have to file financial statements for a business it acquired? Under SEC Regulation S-X Rule 3-05, a registrant (including a company doing an IPO) must file separate pre-acquisition financial statements of a “significant” acquired or to-be-acquired business — with a parallel rule (3-14) for significant real estate operations. Significance is…