SEC

The commission has accused a brother-sister team of misleading investors in crypto token offerings connected with a multi-level marketing business.

The Securities and Exchange Commission eased up dramatically on accounting and enforcement activity last year during a period of transition at the SEC, but the Public Company Accounting Oversight Board increased its enforcement amid a shakeup at the PCAOB.

Baker Tilly and Deloitte also had good quarters at the end of 2021.

Under a commission proposal, funds’ financial statements would need to be audited at least annually.

The Top 10 Firm named partner and executive team member Christopher Tower its first-ever ESG strategy and services leader.

The Public Company Accounting Oversight Board is once again forming an Investor Advisory Group and starting a new Standards and Emerging Issues Advisory Group after the old board came under sharp criticism for scrapping its outside advisory groups.

The commission warned on Friday that filers are using the wrong XBRL tags for reporting their finance lease liability and future payments.

The slide extended to a second day as investors reassessed the company’s Bitcoin buying strategy.

The company can’t strip out the cryptocurrency's wild swings from the unofficial accounting measures it touts to investors, the commission said.

The idea behind Sarbanes-Oxley was that public companies require an extra layer of accounting checks and internal controls that private companies do not in order to protect average investors.

The crypto industry is flooding Washington with money, snapping up lobbying firms, and building up their trade associations in an effort to curb new rules.

The board has a new leader, Erica Williams, after its new chair was sworn in Monday by the Securities and Exchange Commission in a virtual ceremony.

When companies suddenly replace their auditing firms, the required SEC disclosures are often vague and may be a signal of a forthcoming restatement, but timing is a crucial factor.

The GRT, SRT and DQCRT are available for review, but still await final SEC approval.

The SEC said it would begin identifying companies that are using non-inspected auditors.

Some expressed concerns about lower levels of enforcement, while one suggested the board suffered from a credibility gap.

New forms’ questions; taxpayers behaving badly; why people leave; and other highlights from our favorite tax bloggers.

Corporate directors and executives aren’t supposed to use privileged information about their companies to enrich themselves at the investing public’s expense.

ARA Holdings Inc. is settling for a $2 million penalty.

The staff at the Securities and Exchange Commission released guidance Monday for companies about how to properly recognize and disclose compensation costs for “spring-loaded awards” they hand out to executives.