Investor Group Asks SEC to ‘Close Loophole’ on Non-GAAP Measures and Executive Compensation The Council of Institutional Investors (CII) pressed the Securities and Exchange Commission (SEC) to add a rulemaking project to its …
SEC Scales Back Requirements in Final Climate Disclosure Rule Two years after proposing a landmark climate disclosure rule for public companies, the Securities and Exchange Commission (SEC) on March …
Proposal Would Prohibit Misleading Statements by Auditors About PCAOB Registration, Oversight The Public Company Accounting Oversight Board (PCAOB) on February 27, 2024, voted unanimously to propose a new rule that would …
As Promised to Congress, PCAOB Schedules Roundtable on Proposal on Noncompliance With Laws and Regulations Following a strong opposition by the auditing profession, public company management, lawyers, and Republican lawmakers on the Public Company Accounting …
PCAOB Fines WithumSmith+Brown $2M for Widespread Quality Control Failures in SPAC Audits The PCAOB on February 21, 2024, said WithumSmith+Brown, PC was fined $2 million for widespread failures to comply with board …
What Are the Consequences of Auditors Subject to Regulatory Enforcement Actions? Apparently Not Much Many public company external auditors who were subject of SEC or PCAOB enforcement actions between 2003 and 2019 did not …
Commissioner Uyeda: ‘Accounting violations is a focus for the SEC’ SEC Commissioner Mark Uyeda, during a speech in London, said that both commission and the PCAOB have brought more charges …
What Are the Rules for Making 401(k) Plan Matching Contributions on Student Loan Repayments? QUESTION: We understand that SECURE 2.0 made changes to how plan sponsors can treat repayment of student loans as elective …
U.S. Chamber Threatens Lawsuit Following SEC Rule on Stock Buybacks The U.S. Chamber of Commerce threatened a lawsuit following the Securities and Exchange Commission’s adoption of rules that strengthen the …