SEC Commissioner Hester Peirce Criticizes PCAOB’s ‘Ballooning’ Budget
Securities and Exchange Commissioner Hester Peirce in a statement criticized what she sees as the Public Company Accounting Oversight Board’s …
SEC Changes Rules to Address Opportunistic Trading by Insiders
The SEC on Dec. 14, 2022, unanimously voted to adopt rule changes around stock trading plans. The final rules also …
Auditor Independence is Currently Not on SEC Rulemaking Agenda, Senior Official Says
During a speech in July, Securities and Exchange Commission Chair Gary Gensler said that the commission and the PCAOB should …
Judge Tosses Manufacturers Group’s Challenge to SEC Proxy Advice Rule
A U.S. District Court judge on Dec. 4, 2022, threw out a lawsuit by the National Association of Manufacturers (NAM) …
Senate Agriculture Chair Downplays CFTC-Focus of Crypto Bill
Senate Agriculture Committee Chair Debbie Stabenow on Dec. 1, 2022, pushed back against critics who warn her proposed cryptocurrency framework …
Chair Williams Says PCAOB Has No Authority to Inspect Audits of FTX
Public Company Accounting Oversight Board Chair Erica Williams set the record straight about the board’s audit inspection program, with questions …
Republican House Control Sets up New Headaches for SEC
Republicans clinched a narrow House majority this week, lining up Representative Patrick McHenry as the presumptive next chair of the …
Companies Already Have Implementation Questions on SEC’s New Pay vs. Performance Rule
The Securities and Exchange Commission’s Division of Corporation Finance (CorpFin) staff has already been getting implementation inquiries about the commission’s …
Staff Accounting Bulletin on Crypto Safeguarding Obligations is Not SEC Rule, Senior Official Says
During a financial reporting conference, the SEC’s top accounting official emphasized that Staff Accounting Bulletin (SAB) No. 121 related to safeguarding obligations …
SEC Actively Oversees Accounting Standard-Setting, Commission’s Top Accountant Says
The Securities and Exchange Commission’s Investor Advisory Committee (IAC) in September recommended that the commission review the Financial Accounting Standards …