As Problems in Global Audit Persist, SEC Chief Accountant Reminds Lead Auditors of their Responsibilities
Securities and Exchange Commission Chief Accountant Paul Munter urged lead auditors to do a better job when other accounting firms …
Recent Bank Failures May Indicate Problems with Going Concern Standards, Liquidity Risk Disclosure Rules
By now almost everyone knows that Silicon Valley Bank (SVB), which largely lent to tech companies, failed almost overnight on …
Commissioner Uyeda Says SEC Should Consider Changes to Smaller Reporting Company Definition
SEC Commissioner Mark Uyeda in a speech suggested reducing rule compliance burdens, among other measures, to help smaller companies go …
Ex-SEC Commissioner Piwowar Suggests Cutting Commission Rulemaking from Legislative Reforms
Former SEC Commissioner Michael Piwowar on March 9, 2023, suggested Congress move forward with securities law reforms that do not …
SEC Chair Responds to Questions on Potential Lawsuit on Climate Disclosure, Fast Paced Rulemaking
The SEC is planning to finalize the closely-watched climate change disclosure rule in the next few months, and this was …
New York Stock Exchange and Nasdaq Issue Executive Compensation ‘Clawback’ Proposals
The New York Stock Exchange and the Nasdaq Stock Market have issued stock listing rule proposals four months after the …
SEC Extends Form 144 EDGAR Filing Hours, But a Commissioner Criticizes Piecemeal Approach to Setting Filing Deadlines
The SEC on Feb. 21, 2023, decided to extend the filing deadline for Form 144, Notice of Proposed Sale of …
Testing Howey: With Congress Stalled, the SEC Stakes its Expanding Crypto Enforcement on a Nearly Eight-Decade-Old Test
The SEC under Chair Gary Gensler is ramping up its enforcement campaign against the cryptocurrency industry, making good on his …
Emphasizing Investor Needs, SEC’s Top Accountant Urges FASB to Continue Improving Accounting Rules Quickly
Continuing with his rather assertive and at times public display of the Securities and Exchange Commission’s oversight of the Financial …
Audit Committees are Increasingly Tasked with Additional Areas of Oversight, Survey Finds
The scope of a company’s audit committee’s oversight responsibilities continues to expand, according to a new report from Deloitte Development …