Paul Atkins Becomes SEC Chair as Trump Orders Rule Cuts at Agencies Paul Atkins was sworn into office as chair of the Securities and Exchange Commission (SEC) on April 21, 2025. And …
New SEC Leadership Will Likely Exempt More Companies From Section 404(b) While not explicitly saying at what size a public company should begin to have its external auditor attest to management’s …
AICPA Issues Clarification on Financial Statement Standards for Client Advisory Services The AICPA on April 7, 2025, published Statement on Standards for Accounting and Review Services (SSARS) No. 27, Applicability of …
Paul Atkins Moves Closer to Becoming SEC Chair as Senate Panel Advances His Nomination The Senate Banking Committee on April 3, 2025, voted 13 to 11 to advance the nomination of Paul Atkins to …
Audit Deficiency Rate Drops in 2024 in Sign of Improvement The quality of public company audit is improving—at least according to Public Company Accounting Oversight Board (PCAOB) inspection results. After …
Clayton Started More Accounting Enforcement Actions Than Gensler at SEC The average number of accounting and auditing enforcement actions initiated per year during Jay Clayton’s tenure as Securities and Exchange …
FinCEN Says It Won’t Enforce Corporate Transparency Act Deadline Treasury’s Financial Crimes Enforcement Network (FinCEN) announced February 27 that it would not take any actions to enforce the upcoming beneficial ownership …
District of Columbia 2025 Budget Support Legislation Becomes Law By Denis Del Bene The “Fiscal Year 2025 Budget Support Act of 2024,” which was sent to Congress for review, …
AICPA’s Auditing Board Plans to Issue 4 Standard-Setting Proposals in 2025 The AICPA’s Auditing Standards Board (ASB) is planning to publish four exposure drafts this year to seek comment on the …