By Cydney Posner

Yes, another update to the Corp Fin Financial Reporting Manual: the SEC describes the changes in this update as related to income averaging for significance testing, significance testing of equity method investees, reporting when there are both errors and changes in accounting, stock-based compensation in IPOs, internal control over financial reporting, selected financial data, MD&A, as well as other changes. It appears that the revisions are as of September 30, 2010. If you want to look through the Manual for the updated material, search for the term "(Last updated: 9/30/2010)" Unfortunately, however, the changes are not otherwise marked, so it may be difficult to identify whether the new information is a minor tweak or an entirely new position.

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