House Bill Would Create New ‘Micro-Offering’ Exemption
The top Republican on the House Financial Services Committee on September 30, 2021, introduced legislation to create a new “micro-offering” …
SEC Official: We hear You on Requests for FASB Accounting Standard-Setting on Crypto
When the FASB put out an agenda request in the summer, hundreds have asked the accounting standard-setter to tackle accounting …
House Republican Accuses SEC of Ignoring GOP Request for Materials on Duhnke Firing
A senior Republican on the House Financial Services Committee on October 5, 2021, accused the SEC of ignoring a GOP …
‘Big Increase’ in Consultation Request Following Auditor Independence Rule Changes, Senior SEC Official Says
When the SEC led by then-Chairman Jay Clayton proposed and adopted revisions to its auditor independence rule in Rule 2-01 of Regulation S-X, …
House Panel To Discuss Speedier Delisting for U.S.-Listed Chinese Companies
A House Financial Services subcommittee in October will discuss a draft bill to hasten a delisting deadline for public companies …
SEC Proposes Increased Proxy Vote Reporting by Investment Mangers
The SEC on September 29, 2021, voted 4 to 1 to issue a proposal that would increase the reporting of …
SEC Approves PCAOB Supplemental Budget for Unexpected Outside Counsel Expenses
The SEC said that it has approved a supplemental budget for the Public Company Accounting Oversight Board (PCAOB) for expenses …
House Passes Defense Bill, with SEC-CFTC Crypto Group Mandate
The House on September 23, 2021, narrowly passed a Defense authorization bill that includes a provision directing the SEC and …
Senior SEC Enforcement Official: Do Not Get Creative in Accounting and Auditing
Matthew Jacques, chief accountant in the SEC’s Enforcement Division, warned accountants and auditors not to get creative in following the …
Former SEC Officials Urge Chair Gensler Not to Buckle Under Political Pressure When Picking Members of Audit Regulator
As the SEC is getting close to filling all five seats of the Public Company Accounting Oversight Board (PCAOB), two …