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 …
Plethora of New FASB Rules Spurring Job Growth in Accounting Profession, Study Claims
By Denise Lugo The number of U.S. jobs for accountants, auditors, and financial specialists will continue to climb over the …
U.S. Accounting Rulemakers Faced with Tough Decisions over Credit Loss Rules
By Denise Lugo The FASB will vote on October 16, 2019, about whether to finalize an August proposal that aims …
Big Four Accounting Firms Ask FASB to Provide Disclosure and Classification Rules for Supplier Finance Arrangements
By Denise Lugo Deloitte & Touche LLP, Ernst & Young LLP, KPMG LLP and PricewaterhouseCoopers LLP have jointly asked the …
Bipartisan Group of Senators Introduces Bill to Expand Dodd-Frank Whistleblower Protections
By Bill Flook A bipartisan group of senators has introduced legislation to expand Dodd-Frank Act protections for whistleblower to those …
A Month After Banking Agencies Rolled Back Volcker Rule, SEC Is Poised to Act on Its Version to Simplify Requirements
***UPDATE (09/16/2019): The SEC on September 16, 2019, abruptly cancelled a meeting scheduled for September 18 to vote on its …
Banks, Others Would Get Cost Relief Under Proposed Accounting Changes to Facilitate LIBOR Phaseout
By Denise Lugo U.S. companies that have to adjust millions of contracts to facilitate the effects of the shift from …
Thomson Reuters Announces 2019 Partner Summit Event Series for Tax and Accounting Professionals
Thomson Reuters has announced the details of its 12th annual flagship thought leadership event series “Partner Summit: Moving Your Practice …
Businesses to Get More Influence Under New Leadership
The PCAOB is looking to increase outreach to all of its stakeholders, including the business community, in part by setting …
Insurance Amendments Positioned for Third Quarter Release Despite Industry Complaints
The FASB plans to hold what Chairman Russell Golden believes will be the last public debate on its much-watched insurance …