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 …
Commissioner Crenshaw Says SEC is Not a Merit-Based Regulator in Response to Climate Rulemaking Criticism
The Securities and Exchange Commission’s rulemaking effort on a climate change disclosure rule has garnered a lot of attention and …
PCAOB May Face Long Odds Completing Audit Quality Indicators Project
In response to investor advocates’ demand, the Public Company Accounting Oversight Board (PCAOB) added “firm and engagement performance metrics” to …
House Republicans Seek SEC Chair Gensler Testimony After Comment Glitch, IG Report
Two senior republicans on the House Financial Services Committee on Oct. 25, 2022, urged the panel’s chair to invite SEC …
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 …