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 …
Sen. Toomey Calls for Public Input on Crypto Reforms
Sen. Pat Toomey, the ranking member of the Senate Banking Committee, on August 26, 2021, put out a call for …
Suit Against Bill Ackman SPAC May Have No Merit, but it Could Still Slow Down SPAC Frenzy
With a record-breaking number of SPAC deals happening over the past year and half, there is bound to be some …
Council of Institutional Investors Asks SEC to Add Non-GAAP Measure for CEO Pay to Rulemaking Agenda
After he became chair of the SEC in April, Gary Gensler put 49 rulemaking items to the commission’s near-term agenda, …
House Republicans Ask SEC, CFTC to Launch Digital Asset Group
The top Republicans on the House Committee on Financial Services and Committee on Agriculture in a August 16, 2021, letter …
Who Should Provide ESG Assurance?
Compounding an already complicated question related to a potential requirement for standardized environmental, social, and governance (ESG) reporting is who …
After Years of Congressional Block, SEC Political Spending Rules Finally in Sight
The House in early August passed an appropriations package that would jettison a persistent Republican rider, one that for years …
SASB Founder Criticizes SEC Commissioner Allison Lee’s View on Materiality
The founder of Sustainability Accounting Standards Board (SASB) during an event last week criticized SEC Commissioner Allison Herren Lee’s stance on materiality. …