Tenth Annual Dealing With MD&A Hot Topics

CPE credit (NASBA QAS Self-Study) is available by completing and passing the program’s CPE Review & Exam.

Upon the successful completion of this program, the participant will be able to:

• Recall the principles-based objectives of MD&A along with specific disclosure requirements in key areas. 

• Apply the latest guidance to draft appropriate MD&A disclosure for cybersecurity and climate-related matters, inflation, and other new and emerging risks. 

• Use lessons from SEC comment letters, recent enforcement cases, and other resources such as non-GAAP measure guidance, to improve MD&A.

Course Overview:

This program will focus on:

• Review the SEC’s principles-based focus on the objective of MD&A 

• Discuss the requirements for quantitative and qualitative disclosures surrounding material changes and review example disclosures and related comments 

• Review the requirements for and example comments about critical accounting estimate disclosures 

• Analyze the requirements for both short- and long-term liquidity and contractual obligations discussion and review example disclosures 

• Address the need for a discussion of climate-related and/or other ESG issues 

• Explore when to address inflation, cybersecurity, and other emerging risks 

• Review frequent SEC comments on MD&A 

• Discuss recent enforcement cases – focus on known trends 

• Identify the latest issues in using non-GAAP measures in MD&A 

• Enumerate five ways to improve MD&A 

• Provide example drafting and review processes

CPE Program Level: Update 

Intended Audience: CPAs, accountants, attorneys, and other allied professionals who deal with SEC reporting and disclosure and related accounting issues, including chief financial officers (CFOs), controllers and their staff, internal auditors, partners of public accounting firms and their staff, in-house counsel, and outside attorneys.

Prerequisites: None 

Advanced Preparation: None

Instructional Method: QAS Self-Study

Updated: February 2025

Credit Information: 1 CPE credit is available upon completion of this program’s 3 content-review questions and a minimum passing score of 70% on the 5-question final exam.