Top 5 Accounting Issues to Master to Avoid Snags in SPAC IPOs
Use of Special purpose acquisition (SPAC) vehicles have spiked over the past year because private equity and venture capital firms …
House Launches Legislative Package on Climate, Pay, Political Spending Disclosures
House Democrats are pushing forward on a legislative package that would establish a sweeping set of mandates for the SEC …
Senate Bill would Open up PCAOB Disciplinary Proceedings
Sen. Jack Reed, a Rhode Island Democrat, on June 10, 2021, reintroduced legislation to allow the PCAOB to open up …
As Senate Punts on Killing Shareholder Proposal Rule, Hopes Turn to SEC
The Senate quietly let a deadline lapse for killing a 2020 SEC rule curbing shareholder proposals, despite scrubbing several other …
Over 30 Organizations and Individuals Press SEC Chair Gensler to Fix Broken Financial Reporting Infrastructure
More than 30 organizations and individuals are pressing SEC Chair Gary Gensler to overhaul the financial reporting infrastructure, including the …
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 …