SEC

The Financial Accounting Foundation names new members to a major advisory board, Connecticut firms turn out for a big annual food drive, and other news from across the profession.

A recent case is a warning that companies must disclose the financial impact of the pandemic.

The SEC Reporting Taxonomy and GAAP taxonomy still need to be approved by the SEC.

The board's spending is expected to increase only slightly next year, thanks to the pandemic.

The company made up more than $300 million in fake retail sales.

The Securities and Exchange Commission rewarded the whistleblower who exposed potential securities law violations in connection with their audit-related responsibilities.

The commission says the company financial disclosures were misleading.

The restaurant chain failed to adequately disclose the financial impact of the pandemic.

The legislation is in reaction to U.S. regulators being unable to review the companies' financial audits.

The House is set to vote on bipartisan legislation that would impose restrictions on Chinese companies listed on U.S. exchanges, including requiring certification that they’re not under control of a foreign government.

New staff guidance says their disclosures may be incomplete or misleading.

EY, Deloitte, Cohen & Co. and BF Borgers made good showings in a slow period.

RSM donates $4 million through Birdies Fore Love campaign; Jackson Thornton elects CEO, principals; and more CPA news.

The Securities and Exchange Commission voted to amend the disclosure requirements in the Management’s Discussion and Analysis portion of financial reports.

PCAOB aligns auditor independence rules with SEC

At issue is China's refusal to let inspectors from the PCAOB review audits of some Chinese businesses.

Jay Clayton, who has led the U.S. Securities and Exchange Commission for most of President Donald Trump’s term in office, said in a statement Monday that he will step down at the end of the year.

Bober Markey Fedorovich adopts new governance structure; Citrin Cooperman promotes 16; and more CPA news.

The Division of Enforcement's annual report also highlights non-pandemic-related issues that arose in fiscal year 2020 and strategic operational changes.

The commission has been busy helping public companies report the impact of COVID-19.