SEC Removes PCAOB Chairman Duhnke, Seeks to Fill All Board Member Positions
The SEC said that William Duhnke was “removed” as chairman of the audit regulatory board—the PCAOB, effective June 4, 2021. …
SEC Commissioner Lee Says Corporate Political Spending Information can be Material
SEC Commissioner Allison Herren Lee, a big supporter of environmental, social, and governance (ESG) reporting, described what she believes are …
SEC Budget Boost Would Bolster CorpFin
The Biden Administration on May 28, 2021 released a $1.99 billion budget request to fund the SEC through the coming …
House Hearing Finds Broad Agreement on Need for SPAC Liability Reforms
Witnesses at a May 24, 2021, House Financial Services subcommittee hearing broadly agreed on the need for reforms to liability …
Progressives to SEC Chair Gensler: Fire all Members of Audit Regulatory Board
Citing partisanship at the audit regulatory board, progressives are pressuring SEC Chair Gary Gensler to fire all current members of …
It’s Official: SEC to Undertake Disclosure Rulemaking on Climate Change and Workforce Management
New SEC Chair Gary Gensler said he wants the agency to write more prescriptive rules on corporate disclosures of climate …
Rep. Brad Sherman on FASB, GameStop, Archegos, and China
As chairman of the Investor Protection, Entrepreneurship and Capital Markets Subcommittee of the House Financial Services Committee, Rep. Brad Sherman …
House Panel Advances Climate Risk Disclosure Bill
The House Financial Services Committee on May 12, 2021, advanced a bill mandating new corporate disclosures on climate risk. The …
SEC Staff is Playing Catch-Up Reviewing SPAC Filings
SPACs are everywhere these days. This also means the SEC’s disclosure review team is playing catch-up to make sure their …
SPACs, Others Get New, Easier Accounting Rules for Some Warrants
The FASB on May 3, 2021, published a narrowly tailored accounting standard that makes it easier to report about written …