As expected, the SEC announced its adoption of amendments to the "accelerated filer" and "large accelerated filer" definitions. The final rule - which excludes eligible smaller reporting companies from the ICFR auditor attestation requirement - is generally consistent with the proposed amendments issued in May 2019 (reported on here). As is the case with the exempt offering framework (which we reported on last week), this topic has repeatedly been raised as a priority among Government-Business Forums on Small Business Capital Formation participants, as well as the SEC's Small Business Capital Formation Advisory Committee (page 2).
The open meeting that had been slated to consider the rule adoption was subsequently canceled due to coronavirus concerns. See Cooley's post.