SEC

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.

The award is the highest in the history of the congressional program.

PricewaterhouseCoopers is teaming up with the Sustainability Accounting Standards Board on translating its standards into Extensible Business Reporting Language, while also rolling out its own ESG Pulse application for environmental, social and governance reporting at companies.

The Securities and Exchange Commission voted to adopt amendments to its longstanding auditor independence requirements, relaxing restrictions on relationships between auditors and their clients as part of a deregulatory push by the SEC in recent years.

James Kaiser, a member of the Public Company Accounting Oversight Board since 2018, is leaving the PCAOB and will be replaced by chief auditor Megan Zietsman in another sign of turmoil at the audit overseer.

J. Robert Brown criticized recent moves by the Public Company Accounting Oversight Board to strip down its research and standard-setting agendas without proper consultation.