SEC officials are looking for robust disclosures from companies this annual report filing season detailing the threat to their businesses posed by interest rates that remain at historic highs.
US companies should refer to 1997 disclosure guidance as they draft updates to market risk disclosures including interest rate sensitivity assessments, said Lindsay McCord, chief accountant for the Securities and Exchange Commission’s Division of Corporation Finance.
The guidance offers some flexibility in how to structure such disclosures as long as a company’s managers detail any assumptions used in its risk analysis, McCord said in remarks to a Financial Executives International online …
‘Enforcement 40’ for 2020
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