SEC

The Securities and Exchange Commission voted Friday to simplify some of its disclosure requirements that have become outdated, duplicative or overlapping because of changes in the information environment or U.S. GAAP, or because of other SEC disclosure requirements.

President Donald Trump brought a long-simmering debate on Wall Street to the surface Friday when he prodded regulators to look into scaling back how often publicly traded companies report financial results.

The cost of formatting financial statements in Extensible Business Reporting Language, or XBRL, for small reporting companies has plunged 45 percent since 2014, according to a new study by the American Institute of CPAs and XBRL US, making the requirement for using the data-tagged format more affordable.

The Trump administration dropped a two-year-old accounting probe into Exxon Mobil Corp.’s valuation of its reserves and public disclosures about climate change, while inquiries by two Democratic-led states continue.

The Big Four firm netted almost three times as many new engagements as any other auditor.

The U.S. Securities and Exchange Commission has sought details from India’s ICICI Bank Ltd. on its accounting and corporate governance practices, people familiar with the matter said.

A primer on the most important forms in Securities and Exchange Commission reporting.

More and more companies say they can see the future, but only through their rainbow-tinted kaleidoscopes.

A former Tesla Inc. employee portrayed by Elon Musk as a saboteur has filed a whistle-blower tip with the U.S. Securities and Exchange Commission alleging the company made misstatements and omissions to investors.

More entities can now qualify for the scaled-back rules.