Accounting Degrees Downgraded by US Education Dept, Sparking Outrage
A seismic policy shift by the U.S. Department of Education, reclassifying accounting degrees as ‘non-professional’ and drastically cutting federal loan …
Preliminary Inspection Results Show Improvement for Large Audit Firms This Year, PCAOB Acting Chair Says
In a bit of good news, the quality of public company audits by the largest accounting firms continues to improve, …
SEC IG Urges Better Guidance, Documentation for Selecting Company Filings for Review
The Securities and Exchange Commission’s (SEC) Inspector General (IG) said the Division of Corporation Finance (CorpFin) should improve its documentation …
SEC to Revisit Semiannual Reporting After Trump’s Call for Change
As part of his goal to “make IPOs great again,” Securities and Exchange Commission (SEC) Chair Paul Atkins on September …
Will the SEC Replace the Entire PCAOB Board—Again?
Now that the Securities and Exchange Commission (SEC) is seeking candidates to serve as Public Company Accounting Oversight Board (PCAOB) …
SEC Chief Atkins Ousts Williams as PCAOB Chair Amid Regulatory Shift
Erica Williams is stepping down as chair of the Public Company Accounting Oversight Board (PCAOB) next week, the board said …
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 …