Two Former Chairman Dispute Claims that FASB Does Not Have Enough Investor Representation
Two former FASB chairmen in recent interviews pushed back against claims by some investor and reform groups that the accounting …
SEC Seeks Extra Disclosures for Chinese Listings
SEC Chair Gary Gensler said in a statement that he has directed staff to seek certain disclosures from offshore issuers associated …
PCAOB Likely to Take a Sharp Turn Under Gensler’s SEC Oversight
While it is difficult to say exactly what the PCAOB’s priorities will be with William Duhnke gone as its chair …
China Audit Inspection Impasse Looms Large in Big Four Lobbying
The PCAOB’s inability to inspect the audits of U.S.-listed Chinese companies loomed large in the most recent round of lobbying …
House Bill Would Shield Digital Assets from Securities Definition
A bipartisan House bill would help digital assets evade the definition of a security, a move to address long-standing uncertainty …
Is SEC Making Audit Regulatory Board Too Political?
When SEC Chair Gary Gensler in early June 2021 abruptly fired embattled PCAOB Chairman William Duhnke and said all five …
Is EU’s Move to Set Sustainability Standards Ruining International Cooperation?
As the IFRS Foundation is working to establish the International Sustainability Standards Board (ISSB), many, including some SEC commissioners, expressed …
ESG, SPAC Among Fiscal 2021 Priorities for SEC Investor Advocate
Environmental, social, and governance (ESG) disclosure will be the top policy priority for SEC Investor Advocate Rick Fleming in fiscal …
GOP Bill Would Require Annual Review of Financial Regulatory Guidance
A House Republican has filed legislation that would require financial regulators to review, and possibly scrub, guidance with a significant …
Accounting Profession Says SEC ESG Rulemaking Should Leverage Work Done By Private Standard-Setters
Judging by comment letters filed with the SEC, the accounting profession seems to be coalescing around an environmental, social, and …