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Focus on Audit Committees, Accounting and the Law Blog

Articles: 1-10 of 47

SEC Acting Chief Accountant Cautions Against “Checklist Compliance” Approach to Auditor Independence

USA - June 9 2022 SEC Acting Chief Accountant Paul Munter re-emphasized the SEC’s focus on auditor independence in his June 8 statement on “The Critical Importance of…

SEC OCA waves big red flag about “Little R” restatements

USA - March 17 2022 SEC Acting Chief Accountant Paul Munter released a statement last week, Assessing Materiality: Focusing on the Reasonable Investor When Evaluating…

SEC proposes new public company cybersecurity disclosure rules

USA - March 10 2022 On March 9, 2022, the SEC proposed rules, by a 3-1 vote, that are intended to enhance disclosures about cybersecurity risk management, strategy…

SEC adopts SAB 120 to address spring-loaded compensation awards

USA - December 9 2021 Last week, the SEC announced the adoption of Staff Accounting Bulletin No. 120 (SAB 120), which provides guidance for companies as to how they should…

SEC finalizes rules implementing requirements under the HFCAA

USA - December 3 2021 Yesterday, the SEC adopted amendments to finalize rules implementing the submission and disclosure requirements in the Holding Foreign Companies…

Update on Recent Developments Ahead of FY21 Reporting Season

USA - November 9 2021 As year-end fast approaches, there has been no shortage of regulatory developments relevant to the upcoming financial reporting season. Several of…

SEC Approves Nasdaq’s Board Diversity Rule

USA - August 9 2021 On Friday, the SEC approved Nasdaq listing rules related to board diversity. The new Board Diversity Rule establishes diversity objectives for…

SEC Chair Issues Statement on Investor Protection Related to Developments in China

China, USA - August 2 2021 On Friday, SEC Chair Gary Gensler issued a statement concerning investor protection related to recent developments in China. The statement summarizes…

SEC Announces RegFlex Agenda

USA - June 21 2021 On June 11, 2021, the Securities and Exchange Commission announced its Spring 2021 Unified Agenda of Regulatory and Deregulatory Actions (RegFlex…

SEC Commissioner Shares Views on Materiality of Climate and ESG Disclosures

USA - June 1 2021 SEC Commissioner Allison Herren Lee recently shared some keynote remarks at the 2021 ESG Disclosure Priorities Event hosted by the American Institute…