AICPA Digital Asset Reporting Guide Punts on Lending Transactions
A working group of the AICPA—which develops a practice aid related to crypto accounting—decided not to directly address a recent …
Senate Democrats Push for PCAOB Inspection of Audits of Crypto Firms Acting as Broker-Dealers
Two Senate Democrats on Jan. 25, 2023, pressed PCAOB Chair Erica Williams on whether the board will inspect auditors of …
Regulators Not Working on Dodd-Frank Banker Incentive Compensation Rules is Troubling, Reform Advocate Says
When the SEC in early January unveiled its semi-annual update to the rulemaking agenda, an unfinished Dodd-Frank executive compensation rule …
SEC Plans to Finalize Two Dozen Rules in 2023
The SEC’s most recent update to its rulemaking agenda shows that the commission is planning to finalize 24 proposed rules, …
Supreme Court Grants Solicitor General More Time on Potential Jarkesy Petition
The U.S. Supreme Court on January 6, 2023, granted U.S. Solicitor General Elizabeth Prelogar a nearly month-long extension to appeal …
SEC Commissioner Hester Peirce Criticizes PCAOB’s ‘Ballooning’ Budget
Securities and Exchange Commissioner Hester Peirce in a statement criticized what she sees as the Public Company Accounting Oversight Board’s …
SEC Changes Rules to Address Opportunistic Trading by Insiders
The SEC on Dec. 14, 2022, unanimously voted to adopt rule changes around stock trading plans. The final rules also …
Auditor Independence is Currently Not on SEC Rulemaking Agenda, Senior Official Says
During a speech in July, Securities and Exchange Commission Chair Gary Gensler said that the commission and the PCAOB should …
Judge Tosses Manufacturers Group’s Challenge to SEC Proxy Advice Rule
A U.S. District Court judge on Dec. 4, 2022, threw out a lawsuit by the National Association of Manufacturers (NAM) …
Senate Agriculture Chair Downplays CFTC-Focus of Crypto Bill
Senate Agriculture Committee Chair Debbie Stabenow on Dec. 1, 2022, pushed back against critics who warn her proposed cryptocurrency framework …