House, Senate Republicans Introduce Resolutions to Nix SEC Cyber Breach Disclosure Rules
Republicans in the House and Senate have introduced Congressional Review Act (CRA) resolutions to scrap the SEC’s cybersecurity incident disclosure …
Gensler to U.S. Chamber on SEC Climate Disclosure Rulemaking: ‘Wait, are you already suing us?’
At an event hosted by the U.S. Chamber of Commerce, it was clear that a potential lawsuit by the business …
SEC Enforcement Chief: Pending Supreme Court Case on In-House Proceedings Will Not Pause Charges Against Accountants
The Securities and Exchange Commission (SEC) will not hesitate to file charges against accountants and auditors in district courts instead …
Commissioner Peirce Criticizes SEC Adoption of Revised Beneficial Ownership Reporting Rule
Even though the Securities and Exchange Commission (SEC) on Oct. 10, 2023, finalized a modified version of a proposal that …
Securities Regulator Charges Accounting Firm Prager Metis with Widespread Auditor Violations
The SEC charged accounting firm Prager Metis CPAs, LLC and its California professional services firm, Prager Metis CPAs LLP, for …
PCAOB Modernizes Audit Standard for Confirmation
The Public Company Accounting Oversight Board (PCAOB) on Sept. 28, 2023, voted unanimously to adopt a new standard that modernizes …
Investor Panel Recommends SEC to Increase Workforce Disclosure Requirement
The Securities and Exchange Commission’s Investor Advisory Committee (IAC) unanimously voted to recommend the commission write a rule that requires …
PCAOB Proposes Rule Revision to Increase Auditor Accountability
The Public Company Accounting Oversight Board (PCAOB) on Sept. 19, 2023, issued a proposal intended to more effectively deter auditor …
PCAOB Schedules Vote to Issue Proposed Rule on Contributory Liability for Audit Firm Violations
The Public Company Accounting Oversight Board (PCAOB) scheduled a public meeting for Sept. 19, 2023, to consider issuing a proposal …
At Hearing, Senate Democrats Step up Calls for SEC to Wrap up Climate Rules
Senate Democrats on Sept. 12, 2023, stepped up pressure on SEC Chair Gary Gensler to wrap up the commission’s sweeping …