Lawmakers are Negotiating Fate of SEC Staff Accounting Bulletin on Custody of Crypto Assets
As Congress works to avoid another potential partial government shutdown to fund the rest of the federal government for fiscal …
Investor Group Asks SEC to ‘Close Loophole’ on Non-GAAP Measures and Executive Compensation
The Council of Institutional Investors (CII) pressed the Securities and Exchange Commission (SEC) to add a rulemaking project to its …
SEC Scales Back Requirements in Final Climate Disclosure Rule
Two years after proposing a landmark climate disclosure rule for public companies, the Securities and Exchange Commission (SEC) on March …
Resolution Nixing SEC Crypto Accounting Guidance Clears House Committee
The House Financial Services Committee on February 29, 2024, advanced a bipartisan measure to eliminate a 2022 SEC staff accounting …
Marcum Partner Sues SEC to Block ‘Unconstitutional’ Administrative Enforcement Action
Marcum LLP partner Edward Hackert on February 27, 2024, asked a US district court to block the SEC’s administrative action …
Judge Rejects Audit Firm’s Bid to Halt Discovery in SEC Independence Case
A federal judge on February 22, 2024, denied Prager Metis CPAs LLC’s request to stay discovery as it seeks to …
What Are the Consequences of Auditors Subject to Regulatory Enforcement Actions? Apparently Not Much
Many public company external auditors who were subject of SEC or PCAOB enforcement actions between 2003 and 2019 did not …
With Audit Deficiency Rates Rising, SEC Chief Accountant Calls on Auditors to Step Up
The Securities and Exchange Commission’s (SEC) top accountant Paul Munter is urging external auditors of public companies to do a …
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, …
SEC Adopts Tougher Rules for SPACs
Almost two years after the Securities and Exchange Commission (SEC) proposed a sweeping set of reforms for special purpose acquisition …