Unanimous PCAOB Adopts Standards to Strengthen Lead Auditor’s Supervision of Other Auditors Several years after first issuing a proposal, the PCAOB on June 21, 2022, unanimously voted to adopt a standard that …
Senate Confirms Two New SEC Commissioners The Senate on June 16, 2022, unanimously confirmed Jaime Lizárraga and Mark Uyeda to serve as SEC commissioners. Both are …
Enforcement Staff Supports Legislation to Make PCAOB Disciplinary Proceedings Public PCAOB Deputy Enforcement Director William Ryan said he supports legislative efforts to amend the Sarbanes-Oxley Act of 2002 to make disciplinary proceedings …
Advisers Push PCAOB to Complete Work on Developing Audit Quality Indicators Several members of the PCAOB’s reconstituted Investor Advisory Group (IAG) urged the audit regulator to finish an old project to …
Will SEC Proposal on Workforce Include Accounting Requirement? The SEC has been working on a rule proposal that is intended to increase the amount of information public companies …
Chair Erica Williams Discusses PCAOB Priorities During a financial reporting conference, PCAOB Chair Erica Williams provided her vision and priorities for the organization, which include robust …
Former SEC Chair White: Congress, Stay in Your Lane At a conference last week, Mary Jo White expressed the frustrations she had of dealing with congressional interference in independent …
SEC Approves PCAOB Supplemental Budget for Unexpected Outside Counsel Expenses The SEC said that it has approved a supplemental budget for the Public Company Accounting Oversight Board (PCAOB) for expenses …
Chalk Up All Inseparable Customer Relationships as Goodwill, FASB Says The FASB on March 2, 2022, tentatively voted by 5 to 2 to require public companies to subsume all customer …