SEC’s Top Accountant Emphasizes Auditor’s Role in Detecting Corporate Fraud
At a financial reporting conference, SEC Chief Accountant Paul Munter reminded auditors about their responsibility regarding corporate fraud because, among …
Marcum Partner Challenges SEC Proceedings Against Him as Unconstitutional
Alan Markowitz, a Marcum LLP Partner facing an SEC administrative action related to his work as engagement partner in audits …
House Passes Bill to Set up SEC Accredited Investor Exam
The House on May 31, 2023, voted 383-18 to pass legislation directing the SEC to set up an exam program …
Commissioner Uyeda: ‘Accounting violations is a focus for the SEC’
SEC Commissioner Mark Uyeda, during a speech in London, said that both commission and the PCAOB have brought more charges …
SEC Tells Third Circuit Coinbase Not Entitled to Faster Answer on Crypto Rules Petition
The SEC on May 15, 2023, urged the Third Circuit to deny Coinbase’s demand for an answer on the exchange’s …
U.S. Inspections Show ‘Unacceptable Rates’ of Problems in Chinese and Hong Kong Audit Firms
The U.S. Public Company Accounting Oversight Board on May 10, 2023, issued long awaited audit inspection reports on two affiliates …
U.S. Chamber Threatens Lawsuit Following SEC Rule on Stock Buybacks
The U.S. Chamber of Commerce threatened a lawsuit following the Securities and Exchange Commission’s adoption of rules that strengthen the …
SEC Chair Gensler Defends Staff Accounting Bulletin 121 in Crypto-Heavy House Hearing
SEC Chair Gary Gensler on April 18, 2023, defended the year-old Staff Accounting Bulletin (SAB) No. 121 before a House panel, pushing …
PCAOB Advisers Say Auditors May not be Fully Complying with Expanded Reporting Rule
During a public meeting last week, some Public Company Accounting Oversight Board (PCAOB) advisers said they are concerned that auditors …
COSO Publishes Guidance for Internal Control Over Sustainability Reporting
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) on March 30, 2023, published a study along with supplemental …