Senate Bill would Open up PCAOB Disciplinary Proceedings
Sen. Jack Reed, a Rhode Island Democrat, on June 10, 2021, reintroduced legislation to allow the PCAOB to open up …
Over 30 Organizations and Individuals Press SEC Chair Gensler to Fix Broken Financial Reporting Infrastructure
More than 30 organizations and individuals are pressing SEC Chair Gary Gensler to overhaul the financial reporting infrastructure, including the …
House Hearing Finds Broad Agreement on Need for SPAC Liability Reforms
Witnesses at a May 24, 2021, House Financial Services subcommittee hearing broadly agreed on the need for reforms to liability …
Rep. Brad Sherman on FASB, GameStop, Archegos, and China
As chairman of the Investor Protection, Entrepreneurship and Capital Markets Subcommittee of the House Financial Services Committee, Rep. Brad Sherman …
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 …