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 …
PCAOB Approves 2025 Budget The Public Company Accounting Oversight Board (PCAOB) on November 21, 2024, voted 4-1 to approve its 2025 budget of $399.7 …
Tax Advantages of Single-member LLCs Making an S Corp Election Practitioner’s Tax Action Bulletin® Advisory Fall is the time for tax planning and advisory services. Tax practitioners should have a …
Accounting Firms, Trade Orgs Support Coca-Cola in Transfer Pricing Case Three of the Big Four accounting firms, as well as two major trade organizations, filed amici curiae briefs with the …