In May 2020, the SEC adopted amendments to its rules related to the disclosure of financial information about acquired or disposed businesses, including real estate operations. KPMG’s Defining Issues summarized the amendments, which included changes to the significance tests as well as the amount of information required to be disclosed. This report outlines the remarks recently made by the SEC staff intended to answer questions they have received about applying the amendments to these rules.
Release No. 33-10786; 34-88914; IC-33872; File No. S7-05-19
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