SEC Approves PCAOB Supplemental Budget for Unexpected Outside Counsel Expenses
The SEC said that it has approved a supplemental budget for the Public Company Accounting Oversight Board (PCAOB) for expenses …
House Passes Defense Bill, with SEC-CFTC Crypto Group Mandate
The House on September 23, 2021, narrowly passed a Defense authorization bill that includes a provision directing the SEC and …
Senior SEC Enforcement Official: Do Not Get Creative in Accounting and Auditing
Matthew Jacques, chief accountant in the SEC’s Enforcement Division, warned accountants and auditors not to get creative in following the …
Former SEC Officials Urge Chair Gensler Not to Buckle Under Political Pressure When Picking Members of Audit Regulator
As the SEC is getting close to filling all five seats of the Public Company Accounting Oversight Board (PCAOB), two …
SEC Chair Gensler Backs Speeding up Delisting Deadline for Chinese Companies
SEC Chair Gary Gensler on September 14, 2021, testified in support of a stalled Senate bill that would speed up a congressionally-imposed …
Saying Audit Quality Is Stronger than Ever, Audit Profession Questions Need for Reform
As the SEC’s Investor Advisory Committee (IAC) is studying potential reforms regarding public company independent auditors, a group representing the …
Investor Advisory Committee Recommends Stronger SEC Regulation of SPACs
The SEC’s Investor Advisory Committee (IAC) on September 9, 2021, voted unanimously to recommend that the commission step up its …
Circuit Court Lets Nasdaq Intervene in Board Diversity Standards Suit
A Fifth Circuit judge on September 8, 2021, agreed to allow Nasdaq Stock Market LLC to intervene in a lawsuit …
Commissioner Crenshaw Says Enforcement Action on Kraft Illustrates Flaws in SEC’s Approach to Penalties
SEC Commissioner Caroline Crenshaw pointed to the enforcement action against The Kraft Heinz Company last week to illustrate why the …
Coalition Asks for Disclosure Rule on Companies’ Membership to U.S. Chamber as SEC Develops Climate Rule
The U.S. Chamber of Commerce has been effective in furthering the interest of businesses with its office across from the …