SEC

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.

The Public Company Accounting Oversight Board is regrouping with a slate of new board members recently appointed by the Securities and Exchange Commission, and it approved its fiscal year 2022 budget during a rare open meeting on Tuesday.

The Securities and Exchange Commission has appointed longtime SEC official Erica Y. Williams as the new chair of the Public Company Accounting Oversight Board, and named three new members.

The commission approved a rule to ensure the Public Company Accounting Oversight Board can inspect firms in other countries, especially China.

The Financial Accounting Standards Board proposed an accounting standards update Monday that would modify the disclosure requirements for interim financial reporting.

The top executives of a defunct cybersecurity company were charged with duping investors.