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 …
Marcum Partner Challenges SEC Proceedings Against Him as Unconstitutional
Alan Markowitz, a Marcum LLP Partner facing an SEC administrative action related to his work as engagement partner in audits …
House Passes Bill to Set up SEC Accredited Investor Exam
The House on May 31, 2023, voted 383-18 to pass legislation directing the SEC to set up an exam program …
Commissioner Uyeda: ‘Accounting violations is a focus for the SEC’
SEC Commissioner Mark Uyeda, during a speech in London, said that both commission and the PCAOB have brought more charges …