SEC

Chinese authorities are preparing to give U.S. regulators full access to auditing reports of the majority of the 200-plus companies listed in New York as soon as the middle of this year.

Information security and digital assets are among the priorities named by the commission’s Division of Examinations for 2022.

Gary Gensler signaled that only total compliance with U.S. audit inspections will allow the companies to keep trading on American markets.

Blank-check companies would be required to disclose more information about their sponsors and potential conflicts of interest under a new plan from the U.S. Securities and Exchange Commission, the latest effort by regulators to rein in the once red-hot market.

The commission’s proposed rule would involve accountants and auditors more heavily in their clients’ efforts to provide assurance on sustainability reporting.

Overall new client additions – and departures – are up from 2020.

The bill will cover a range of issues, including banking, taxes, privacy and consumer protection.

The board said Thursday that it is still meeting with Chinese authorities to discuss the ability to inspect auditing firms in that country.

The commission issued a 500-plus-page proposed rule Monday that would mandate corporate disclosure of greenhouse gas emissions.

The commission unveiled an eagerly awaited proposed rule on climate risk disclosures that public companies would need to start including in their registration statements and periodic reports.

Companies will need to reveal detailed information about their greenhouse gas pollution under a new U.S. Securities and Exchange Commission plan, marking a major shift in how corporations must show they are dealing with climate change.

A new survey from Deloitte found that senior finance professionals are anticipating new disclosures, but remain uncertain on how to do so consistently and accurately.

The board is reportedly making progress on talks with Chinese authorities on enabling access to inspections of local firms.

China and the U.S. should be able to reach an agreement on the auditing dispute, according to a senior executive at China’s top investment bank.

From ESG requirements to global tax reform, this handful of developments is worth paying attention to in 2022.

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.