SEC Acting Chief Accountant Urges Auditors to Step Up in Detecting Corporate Fraud
Securities and Exchange Commission Acting Chief Accountant Paul Munter issued an Oct. 11, 2022, public statement, urging auditors to do …
SEC Adopts Dodd-Frank Executive Compensation Clawback Rules
The Securities and Exchange Commission on Oct. 26, 2022, voted 3 to 2 to finalize so-called clawback rules that direct …
Fifth Circuit Denies Rehearing in SEC Administrative Judges Decision
The Fifth Circuit on Oct. 21, 2022, denied the SEC’s petition for a full-court rehearing following the May decision in Jarkesy …
SEC Should Absorb PCAOB Functions, Says Commissioner Peirce
Securities and Exchange Commission member Hester Peirce in a speech said that it may serve the public better if the …
House Republicans Demand Details on SEC Comment Glitch
Republican members of the House Financial Services Committee on Oct. 16, 2022, sought answers from the SEC around the scope …
Senate Bill Would Extend Emerging Growth Company Status to 10 Years
A Senate Republican introduced legislation that would double the time a public company could retain its emerging growth company (EGC) …
SEC Provides Extra Time to Comment on 12 Rulemaking Releases Because of a Technical Glitch in Receiving Letters
The Securities and Exchange Commission (SEC) on Oct. 7, 2022, reopened the comment periods for 11 proposals and a request …
Senate Bill Establish Temporary SEC Safe Harbor for Crypto Exchanges
A Senate Republican on Sept. 29, 2022, introduced legislation that would create a temporary safe harbor from SEC enforcement actions …
SEC Chair Gensler Defends Fast-Paced Rulemaking
Securities and Exchange Commission Chair Gary Gensler during a conference defended the commission’s ambitious rulemaking agenda, which has about 50 …
Newly Minted FASB Rules on Supplier Finance Programs Will Reveal Financial Health of Companies
Starting next year, U.S. companies that use supplier finance programs to buy goods or services must disclose the full terms …