SPACs, Others Get New, Easier Accounting Rules for Some Warrants
The FASB on May 3, 2021, published a narrowly tailored accounting standard that makes it easier to report about written …
Denying Claims of Unlawful Termination, PCAOB Countersues Former Senior Officer
The PCAOB and its chairman William Duhnke countersued Sue Lee, a former senior officer of the audit regulatory board who …
Senate GOP Bill Would Require New SPAC Disclosures
Sen. John Kennedy, a Louisiana Republican, on April 29, 2021, introduced legislation directing the SEC to impose new disclosure rules …
House Financial Services Committee to Tackle SPAC Frenzy
A House Financial Services subcommittee on May 24, 2021, will examine the recent proliferation of special purpose acquisition companies (SPACs) …
A Conversation with SASB Member Daniel Goelzer
The following is an April 8, 2021, telephone conversation with Daniel Goelzer, a standard-setting member of the Sustainability Accounting Standards …
Senate Banking Committee to Hold Hearing on Climate Risk
The Senate Banking Committee is slated to hold a March 18, 2021, hearing on the systemic financial risks posed by …
Rep. Sherman Calls for ‘Numerical’ ESG Standards
Rep. Brad Sherman, chair of the House Financial Services Committee’s influential Subcommittee on Investor Protection, Entrepreneurship and Capital Markets, on …
Global Rulemaker to Propose Revisions to Management Commentary in April
The IASB plans to issue a proposal in April to revise the management commentary practice statement, a guide for how …
Rep. Sherman to Remain Chair of Key House Financial Services Subcommittee
Rep. Brad Sherman, a California Democrat, will maintain his role as chairman of the House Financial Services Committee’s influential Subcommittee …
PCAOB Member Brown to Leave
By Soyoung Ho PCAOB member Jay Brown, who has been a strong investor advocate at the audit regulatory board, will …