SEC

Shipbuilder Austal USA and its parent company agreed to a $24 million civil penalty to settle fraud charges by the Securities and Exchange Commission.

The SEC obtained emergency asset freezes against Jonathan Adam and Tanner Adam, and their respective entities, to halt an alleged $60 million cryptocurrency Ponzi scheme.

The commission approved proposals from the PCAOB around contributory liability, the responsibilities of the auditor, and technology-assisted data analysis.

The board brought 34 actions against 45 respondents and imposed a record $35 million in penalties in the first half of 2024.

The investment firm late Monday said it couldn't file its quarterly report with regulators on time, due to problems in valuing its loans and investments

The SEC charged electric vehicle company Ideanomics and three of its executives with fraud for misleading the public about its financial performance from 2017 and 2019.

The proposal, under the Financial Data and Transparency Act of 2022, will make financial data more accessible, uniform and useful to the public.

Abraham Shafi, former CEO of social media platform IRL, was charged with defrauding investors of $170 million by the Securities and Exchange Commission.

If CFOs were students, their grades would be taking a hit due to late homework.

Plus, Bloomberg Tax and Accounting unveils new AI features; and other news from the accounting technology world.

Former President Trump is disavowing the conservative blueprint, which advocates for radical shifts in regulations and taxes that would reverberate in the industry.

The Big Four firm netted the most new SEC audit clients in the first quarter, followed closely by Deloitte.

The decisions indicated that justices will use far stricter scrutiny of government regulations moving forward, and some cases dealt a direct impact right away.

The 6-3 decision could reduce the commission's leverage to extract high-dollar settlements.

Financial restatements decreased roughly 6% year over year, according to a report from Ideagen Audit Analytics.

He attempted to help restore confidence in corporate America following a wave of fraud, including the bankruptcies of Enron and WorldCom.

Ilit Raz, CEO and founder of now-shuttered Joonko, was charged with defrauding investors of at least $21 million by making false and misleading statements about the company.

The Securities and Exchange Commission has reappointed Erica Williams to another term as chairperson of the Public Company Accounting Oversight Board.

Officials discussed some of the latest accounting standards and advice for auditing firms during a USC and FEI conference.

The White House has vetoed a bill that would have repealed a measure requiring custodians of crypto assets to count them as liabilities on their balance sheets.