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 …
PCAOB Investor Panel Calls for Better Critical Audit Matters; Will Seek Nominations for Best Disclosures
The Public Company Accounting Oversight Board (PCAOB) Investor Advisory Group (IAG) will again ask the public to nominate the most …
SEC Faces Dueling Requests From Auditors, Investors on PCAOB Rules Increasing Transparency
In comment letters, the accounting profession asked the Securities and Exchange Commission (SEC) to reject the Public Company Accounting Oversight …
IASB Examples Would Offer Glimpse into Companies’ Climate Change Management Strategies
The International Accounting Standards Board (IASB) on July 31, 2024, released eight illustrative examples, including one that would encourage companies …
SEC Proposal on Human Capital Management Disclosure is Delayed Once Again, With Dim Prospects
The Securities and Exchange Commission (SEC) has once again delayed issuing a proposal intended to standardize and increase data that …
New PCAOB Standard is Expected to Lead to More Timely Issuance of Audit Inspection Reports
The Public Company Accounting Oversight Board (PCAOB) on May 13, 2024, voted unanimously to adopt a new standard that could …
Second Billionaire Sues Over IRS Data Leak
Update: This article was revised to add a statement from Booz Allen. Following the sentencing of a former IRS contractor …
Regulator Proposes Auditor Performance Metrics, Updates to Firm Reporting
The Public Company Accounting Oversight Board (PCAOB) on April 9, 2024, issued two separate but related proposals intended to increase …
Proposal Would Prohibit Misleading Statements by Auditors About PCAOB Registration, Oversight
The Public Company Accounting Oversight Board (PCAOB) on February 27, 2024, voted unanimously to propose a new rule that would …
Fund Manager Asks SEC to Write Rule for Disclosure of Revenues From Tobacco
The Securities and Exchange Commission (SEC) already has a jam-packed rulemaking agenda planned for this year, altogether about three dozen, …