SEC

The SEC abruptly fired William Duhnke as chairman of the Public Company Accounting Oversight Board. As part of the shakeup, PCAOB board member Duane DesParte will become acting chair, but the SEC plans to replace the entire slate of board members.

The Securities and Exchange Commission wants input from accountants on rules it is developing for disclosing climate risks and environmental, social and governance reporting.

The market in new audit engagements is picking up after dropping in the second half of last year.

The new SEC chair should prevent high-earning audit partners from being beholden to the managers of the clients whose accounts they scrutinize.

At the same time, the SEC is increasingly focusing on environmental, social and governance reporting.

The commission said the sports apparel company booked revenues earlier than it should have because it was at risk of missing analyst estimates.

The Center for Audit Quality released an alert Monday discussing the audit considerations surrounding a private company entering the public markets through a merger with a special purpose acquisition company.

Alex Oh abruptly resigned Wednesday, citing a complication in a case from her prior legal career.

While activity at both regulators declined early in the COVID-19 pandemic, it only recovered at the commission.

The Securities and Exchange Commission’s increasing scrutiny of special purpose acquisition companies and guidance on how to account for warrants are slowing deal activity for firms.

Bernard Madoff’s death in prison doesn’t change much for his victims, many of whom are still waiting to be made whole.

The new commissioner is poised to confront everything from the fallout of the GameStop trading frenzy to the deluge of SPACs.

U.S. regulators are throwing another wrench into Wall Street’s SPAC machine by cracking down on how accounting rules apply to a key element of blank-check companies.

The commission is starting to implement a tough law passed at the end of the Trump administration, aimed largely at Chinese stocks.

Other issues take precedence over environmental, social and governance issues for many finance execs, according to a PricewaterhouseCoopers survey.

The Financial Accounting Standards Board said Tuesday the Securities and Exchange Commission has accepted the latest updates to the GAAP Taxonomy for filing financial statements with the SEC.

The move is aimed at helping pave the way for a potential international standard-setter for ESG accounting.

The Securities and Exchange Commission has formed a Climate and ESG Task Force in its enforcement division to identify misconduct in environmental, social and governance reporting.

A major merger puts the firm in the lead at the end of a difficult year.

Embattled Chinese coffee chain Luckin Coffee Inc. filed for Chapter 15 bankruptcy in New York, less than a year after the company said that more than a quarter’s worth of business may have been faked.