Deloitte, PwC Ask SEC to Refine Debt Offering Disclosure Plan

The SEC will have to tweak its proposal aimed at simplifying debt offering reporting rules if it wants to assuage concerns from major accounting firms.

Deloitte & Touche LLP and PwC, also known as PricewaterhouseCoopers, have told the Securities and Exchange Commission the plan may cause some confusion, despite having several benefits for companies and investors. The agency received the feedback during a comment period that ended Dec. 3.

The SEC voted unanimously in July to propose the amendments to Regulation S-X, which governs financial statements. The proposal would let issuers and guarantors of debt securities scale back some of ...