On July 1, 2011, the Division of Corporation Finance updated the Division of Corporation Finance Financial Reporting Manual. The Division updated the Financial Reporting Manual to address multiple items, including updating audit and auditor requirements in connection with subsidiary guarantor financial statements, clarifying “newly public” companies and their Regulation S-K 308 and ICFR reporting requirements, and updating Form 8-K reporting requirements for shell companies filing updated financial statements of private companies in connection with reverse recapitalizations. It should be noted that the Division included a summary of all the recent changes in the beginning of the updated Financial Reporting Manual.

http://sec.gov/divisions/corpfin/cffinancialreportingmanual.shtml