SEC Faces Dueling Requests From Auditors, Investors on PCAOB Rules Increasing Transparency
In comment letters, the accounting profession asked the Securities and Exchange Commission (SEC) to reject the Public Company Accounting Oversight …
Top SEC Accountant Munter Suggests Cash Flow Statement, Intangibles for FASB Standard-Setting Projects
The Financial Accounting Standards Board (FASB) will very soon publish an agenda consultation document to solicit input on standard-setting projects …
With Time Running Out, SEC Quickly Seeks to Consider Approving PCAOB’s Audit Firm Transparency Rules
With the clock ticking with administration change next year, observers are closely watching when or if the Securities and Exchange …
Despite Election Results, PCAOB to Press Ahead With Noncompliance With Laws and Regulations
Despite coming administration change in early 2025, the Public Company Accounting Oversight Board (PCAOB) plans to press ahead with its …
SEC Chair Gensler Praises Current PCAOB Members, Criticizes Past Boards
Securities and Exchange Commission (SEC) Chair Gary Gensler last week said that the Public Company Accounting Oversight Board (PCAOB) has …
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 …