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. …
SEC Chair Gensler Asks Congress for Power to Regulate Crypto Trading, Decentralized Finance
SEC Chair Gary Gensler, in an August 5, 2021, letter responding to Sen. Elizabeth Warren, urged lawmakers to grant the …
Swift Change in SEC Enforcement Under Biden Administration
“Change came swiftly” at the SEC during the first six months under the Biden administration; yet this is only just …
SEC Budget Clears House
The House on July 29, 2021, voted 219 to 208 to pass a minibus package of seven appropriations bills that …
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 …