AICPA and NASBA Gain Official Observer Status on PCAOB’s New Advisory Group
When the PCAOB finalized the charters of its two new advisory groups, it decided to add the AICPA’s Auditing Standards …
SEC Seeks Funding for 400 New Positions
The SEC on March 28, 2022, released a Congressional budget justification document that seeks funding for 400 new positions, 65 …
Bill Seeking Ouster of Russian Officials from IOSCO, FSB Clears House Committee
The House Financial Services Committee on March 17, 2022, unanimously advanced a bill seeking the exclusion of Russian officials from …
House Panel to Weigh Bill Seeking Exclusion of Russian Officials from IOSCO, FSB
The House Financial Services Committee is slated to vote as early as March 17, 2022, on a slate of bills …
New SEC Staff Interpretation on Rules Governing Shareholder Proposals is Affecting 2022 Proxy Season
The 2022 proxy season is in full swing and going well, according to the SEC staff’s perspective. The number of …
Top SEC Accountant Continues Focus on Materiality Assessment of Financial Reporting Errors
In a March 9, 2022, statement, the SEC’s Acting Chief Accountant Paul Munter described in greater detail about the assessment of …
Budget Deal Preserves Ban on SEC Political Spending Disclosure Rule
A fiscal 2022 appropriations deal announced on March 9, 2022, would maintain a ban on the SEC issuing corporate political …
Senate Bill Would Create SEC-Led Database of Securities Law Violators, Other Offenders
Sen. John Kennedy, a Louisiana Republican, on March 1, 2022, introduced legislation to create an SEC-overseen database of individuals convicted …
Frustration Mounts over SEC Chair Gensler’s Rulemaking Blitz
Gary Gensler, in late July 2013 testimony before the Senate Banking Committee – an appearance near the end of his …
In an Unusual Move, SEC’s Acting Chief Accountant Suggests Standard-Setting Priorities for Accounting Board
In an unusual move, Paul Munter, the SEC’s acting chief accountant, in a public statement emphasized the importance of investor views …