FASB Proposes Modest Revisions to Interim Disclosure Rules
The FASB on November 1, 2021, proposed modifications to interim disclosure rules aimed at helping companies to provide more meaningful …
Senate Republican Introduces Venture Exchange Bill
Sen. John Kennedy, a Louisiana Republican, on October 28, 2021, introduced legislation that would facilitate the creation of venture exchanges. …
Lawmakers Grapple with Ramifications of Delisting Chinese Companies
Lawmakers during an October 26, 2021, House Financial Services subcommittee hearing mulled over the ramifications of delisting U.S.-traded Chinese companies …
Gensler Prefers Corporate Climate Change Disclosure in Annual Reports
SEC Chair Gary Gensler would prefer that climate change disclosures be placed in the annual reports on Form 10-K. This means …
IS PCAOB in Limbo as SEC Drags Its Feet in Naming Board Members?
More than four months after SEC Chair Gary Gensler said he would seek to fill all five voting members of …
Senate’s SEC Budget Removes Political Spending Rule Block
The Senate Appropriations Committee on October 18, 2021, released a current-year budget for financial regulators that would fund the SEC …
House Bill Would Create New ‘Micro-Offering’ Exemption
The top Republican on the House Financial Services Committee on September 30, 2021, introduced legislation to create a new “micro-offering” …
SEC Official: We hear You on Requests for FASB Accounting Standard-Setting on Crypto
When the FASB put out an agenda request in the summer, hundreds have asked the accounting standard-setter to tackle accounting …
House Republican Accuses SEC of Ignoring GOP Request for Materials on Duhnke Firing
A senior Republican on the House Financial Services Committee on October 5, 2021, accused the SEC of ignoring a GOP …
‘Big Increase’ in Consultation Request Following Auditor Independence Rule Changes, Senior SEC Official Says
When the SEC led by then-Chairman Jay Clayton proposed and adopted revisions to its auditor independence rule in Rule 2-01 of Regulation S-X, …