With Court-Based Practice Bar, the SEC Stakes out New Ground in Accounting Enforcement
When the SEC in September 2024 charged Olayinka Oyebola for his alleged role in enabling a massive fraud by Nigerian …
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 …
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 …
Explainer: Can Musk’s DOGE Cut Staff at Accounting Firm Oversight Board?
Summary: The Trump administration is continuing with its efforts to shrink the size of the government, and the SEC has …
PCAOB Staff Is Making Rapid Progress on Subsequent Events Project
The Public Company Accounting Oversight Board (PCAOB) staff has been making progress on a mid-term standard-setting project related to subsequent …
PCAOB Investor Panel Calls for Better Critical Audit Matters; Will Seek Nominations for Best Disclosures
The Public Company Accounting Oversight Board (PCAOB) Investor Advisory Group (IAG) will again ask the public to nominate the most …
Texas Audit Firm’s PCAOB Challenge Is Dismissed Following the Closing of Investigation
A federal judge on January 7, 2025, dismissed a Texas audit firm’s lawsuit against the Public Company Accounting Oversight Board …
SEC Faces Dueling Requests From Auditors, Investors on PCAOB Rules Increasing Transparency
In comment letters, the accounting profession asked the Securities and Exchange Commission (SEC) to reject the Public Company Accounting Oversight …
PCAOB Chair: Inspectors Are Seeing ‘Significant Improvements’ in Audits by Largest Firms
Following troubling increase in audit deficiency rates in the past few years, Public Company Accounting Oversight Board (PCAOB) Chair Erica …
Top SEC Accountant Munter Suggests Cash Flow Statement, Intangibles for FASB Standard-Setting Projects
The Financial Accounting Standards Board (FASB) will very soon publish an agenda consultation document to solicit input on standard-setting projects …