House Democrat Introduces Bill Requiring Country-by-Country Reporting
By Bill Flook A House Democrat is introducing legislation that would require large companies to make new country-by-country disclosures on …
Warren Bill Would Mandate Sweeping Corporate Governance, Political Spending Reforms
By Bill Flook Sen. Elizabeth Warren has reintroduced a measure that would put in place sweeping reforms to how large …
House Passes Bill to Ban Trading in the ‘8-K Gap’
By Bill Flook The House of Representatives, by a wide margin, on January 13, 2020, passed a measure to bar …
Electric Energy Sector Says Accounting Rule Causing Losses to Profitable Contracts
By Denise Lugo The Edison Electric Institute (EEI), a group that represents all U.S. investor-owned electric companies, asked the FASB …
Bankruptcy Filers Could Face Extra Hurdles Under New Lease Accounting Changes
By Denise Lugo Companies filing for bankruptcy could find adopting new lease accounting changes unpleasant, many of which require them …
Rep. Sherman, as Capital Markets Chair, Will Increase Accounting Focus
By Bill Flook Rep. Brad Sherman, the new chairman of the House Financial Services Committee’s Capital Markets subcommittee, said he …
House Passes Insider Trading Ban
By Bill Flook The House of Representatives on December 5, 2019, voted 410 to 13 to pass a bipartisan bill …
AICPA Issues Standards for Agreed-Upon Procedures Engagements
By Soyoung Ho The AICPA on December 5, 2019, published revised attestation standards that are intended to give accountants more …
Biotech, Venture Capital Groups Back Extension of Disclosure for EGCs
By Bill Flook Trade groups representing the biotechnology and venture capital industries are throwing their support behind a bill to …
PCAOB Hires Former EPA Chief Scott Pruitt’s Adviser as CFO, Likely to Deepen Complaints About Partisanship
By Soyoung Ho The PCAOB has quietly hired Holly Greaves, former CFO of the Environmental Protection Agency (EPA) and adviser …