Majority of Large Companies Say They Have Material AI Risks, Report Says
Over 60% of large companies reviewed believe they have material artificial intelligence (AI) risks, according to a new report by …
SEC Waiting for the Fed: Banker Incentive Compensation Rulemaking
When financial regulators earlier in the year issued a third proposal on Dodd-Frank incentive-based compensation arrangements for financial institutions, two …
Council of Institutional Investors Again Urges SEC to Close Loophole on Non-GAAP in Executive Pay
The Council of Institutional Investors (CII) once again pressed the Securities and Exchange Commission (SEC) to add a rulemaking project …
Prager Metis Settles SEC Charges for Faulty FTX Audits, Violations of Auditor Independence Rule
Accounting firm Prager Metis CPAs, LLC and its California professional services firm, Prager Metis CPAs LLP agreed to pay $1.95 …
Top SEC Accountant Explains Instances When Staff Guidance on Cryptos Would Not Apply
Securities and Exchange Commission (SEC) Chief Accountant Paul Munter at a conference on September 9, 2024, provided the staff’s views …
Divided SEC Approves PCAOB’s Quality Control Standard
The Securities and Exchange Commission (SEC) on September 9, 2024, voted 3-2 to approve the Public Company Accounting Oversight Board’s …
SEC Schedules Vote to Consider Approving PCAOB’s Quality Control Standards
The Securities and Exchange Commission (SEC) has scheduled a meeting for September 9, 2024, to consider approving the Public Company …
Chamber of Commerce: PCAOB’s Ambitious Regulatory Activities ‘Will Undermine Audit Quality’
After having threatened the Securities and Exchange Commission (SEC) with a lawsuit if it moves ahead to approve the Public …
PCAOB Defends New Quality Control Standard Amidst Opposition by Auditors, Businesses
The Public Company Accounting Oversight Board (PCAOB) defended its recently finalized quality control standard (QC) in response to criticisms by …
With Threat of Lawsuit, SEC Once Again Delays Approving PCAOB’s New Quality Control Standard
The Public Company Accounting Oversight Board (PCAOB) recently finalized quality control (QC) standard, which is strongly opposed by auditors, and …