SEC Adopts Sweeping Cybersecurity Rules, Requiring Timely Reporting of Significant Breaches
The SEC on July 26, 2023, voted 3 to 2 to adopt a March 2022 proposal that requires public companies …
SEC Schedules Vote to Adopt Cybersecurity Rules for Public Companies
The Securities and Exchange Commission on July 26, 2023, will consider adopting a March 2022 proposal that would require public …
Should PCAOB be Consolidated into SEC?
From time to time, a particular proposal or another has been floated to transfer the Public Company Accounting Oversight Board’s …
SEC Panel Recommends Third-Party Exam of Investment Advisers, Could Mean Big Boon for Accounting Firms
With a huge growth in the number of investment advisers over the last several years, the SEC’s inspection program has …
Cornerstone Research’s Elaine Harwood on Trends in PCAOB, SEC Accounting and Auditing Enforcement Actions
The number of SEC accounting and auditing enforcement actions rose by 55 percent in fiscal 2022 – with jumps in …
Stock Exchanges Delay Effective Date of Dodd-Frank Clawback Rules
The New York Stock Exchange LLC and the Nasdaq Stock Market LLC revised their proposed executive compensation clawback rules that …
SEC Delays Climate Change Disclosure Rulemaking
It’s official: the Securities and Exchange Commission has delayed its climate change disclosure rulemaking once again. And now the agency …
Firms Want to Adopt ‘Operable’ FASB Proposal on Crypto Rules ASAP with Fixes; Signal Appetite for More Rules
Some of the nation’s largest crypto businesses, Big Four accounting firms and others, told the FASB that proposed crypto assets …
Reporter’s Note: a Chat with PCAOB Chair at Investor Panel Meeting
Thomson Reuters had an opportunity to have a quick interview with Public Company Accounting Oversight Board (PCAOB) Chair Erica Williams …
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 …