Financial Waiver Requests Dropped Following Rule on Business Combination Disclosure, SEC Official Says
During a financial reporting conference, a senior SEC official said that the commission’s 2020 rule that scaled back corporate disclosure …
Updated SEC Agenda Continues to Show Ambitious Rulemaking Efforts, Including Climate Disclosure
SEC Chair Gary Gensler is continuing with his ambitious, fast-paced rulemaking agenda. The commission still has more than 50 projects …
House Panel Backs SEC Budget As Chamber Seeks to Block Rules
The House Appropriations Committee on June 24, 2022, passed a fiscal 2023 financial services budget that would fund the SEC …
GOP Senators Demand SEC Withdraw Guidance on Crypto Platform Accounting
A group of Republican senators on June 15, 2022, asked the SEC to withdraw its late March staff accounting bulletin …
Unanimous PCAOB Adopts Standards to Strengthen Lead Auditor’s Supervision of Other Auditors
Several years after first issuing a proposal, the PCAOB on June 21, 2022, unanimously voted to adopt a standard that …
Beyond Jarkesy, SEC Administrative Proceedings Face Attacks on Multiple Fronts
The Fifth Circuit’s decision in Jarkesy v. SEC may not be the death blow to the SEC’s enforcement regime it’s …
Senate Confirms Two New SEC Commissioners
The Senate on June 16, 2022, unanimously confirmed Jaime Lizárraga and Mark Uyeda to serve as SEC commissioners. Both are …
Will SEC Proposal on Workforce Include Accounting Requirement?
The SEC has been working on a rule proposal that is intended to increase the amount of information public companies …
SEC Charges Software Company for Improper Accounting
The SEC on June 7, 2022, said that it charged software company Synchronoss Technologies, Inc., for improper accounting of revenues …
Sens. Lummis, Gillibrand Roll out Long-Awaited Crypto Framework
Sen. Cynthia Lummis, a Wyoming Republican, and Kirsten Gillibrand, a New York Democrat, on June 7, 2022, introduced a sweeping …