Chief Accountant Bricker Confident SEC on Top of Recent Accounting and Tax Changes

Wes Bricker, Chief Accountant at the SEC, sat down with Bloomberg Tax to discuss the major upcoming changes to accounting policy at the Dec. 6th AICPA National Conference on Current SEC and PCAOB Developments. Bricker noted the importance of SAB 74 disclosures, explained why companies will still have regulatory assistance with the new leasing standard in the absence of Transition Resource Groups, and assured practitioners of the SEC’s oversight on potential financial reporting ramifications of the new tax reform bill.