SEC Staff Eye AI Reminders, Not Prescriptive Rules, for Financial Reporting
Public company accountants and auditors have been using artificial intelligence (AI) for financial reporting matters largely without new regulatory requirements. …
PCAOB Proposes Rollbacks to Quality Control Standard Amid Audit Firm Pushback
In a nod to audit firms’ criticisms that the Public Company Accounting Oversight Board’s (PCAOB) new quality control standard (QC) …
SEC Chief Accountant Hohl Dispels Rumors of Weakening Auditor Independence Rules
Securities and Exchange Commission (SEC) Chief Accountant Kurt Hohl, speaking at a conference, once again sought to set the record straight …
SEC Proposes Expanding Sarbanes-Oxley Auditor Attestation Exemptions, Other Reforms to Boost IPOs
In a move intended to carry out Securities and Exchange Commission (SEC) Chairman Paul Atkins’ agenda to “Make IPOs Great …
SEC Proposes Optional Semiannual Reporting for Public Companies
The Securities and Exchange Commission (SEC) on May 5, 2026, issued a rule proposal that would give public companies the …
House Panel Advances Bill Slashing IRS Enforcement Budget, SEC Funds
The House Appropriations Committee has advanced the fiscal year 2027 Financial Services and General Government (FSGG) funding bill, which would …
Chair Atkins: SEC Nears Proposal to Allow Semi-Annual Reporting for Public Companies
Securities and Exchange Commission (SEC) Chairman Paul Atkins has indicated that the commission is very close to issuing a proposal …
House GOP Calls for IRS, SEC Funding Cuts, Demands Resolution on Corporate Transparency Act
The House Appropriations Committee released a bill to fund IRS, SEC, and certain other regulators in fiscal year 2027, calling …
SEC Chief Accountant Urges PCAOB to Set Up Permanent Broker-Dealer Audit Inspection Program
The Public Company Accounting Oversight Board (PCAOB) might finally move to craft a permanent program to inspect auditors of broker-dealers. …
SEC Order Exempts Certain Foreign Jurisdictions From Executive Stock Ownership Disclosure
The Securities and Exchange Commission (SEC) on March 5, 2026, issued an order granting directors and officers of foreign private …