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 …
House Bill Would Add Rural Companies to SEC’s Small Business Advocate’s Mission
A bipartisan House bill would direct the SEC’s Office of the Advocate for Small Business Capital Formation (OASB) to expand …
Gensler: Chinese Companies Will Face Trading Ban in 2024 if PCAOB is Unable to Inspect Their Auditors
Phil Swagel, the director of the Congressional Budget Office (CBO), on Sept. 2 published a blog post titled “The Effects …
Former SEC Chief Accountant: How Auditor Fees are Paid should be Changed
While the quality of a public company’s financial statement audit has gotten better over the past decade, the pace of …