SEC

The Securities and Exchange Commission's chief accountant, Paul Munter, plans to retire from federal service this month.

Hindering the audit marketplace creates risk for the investing public, says the AICPA's Sue Coffey.

Lawsuits before the Supreme Court and in lower federal courts across the country could further reduce enforcement powers at the IRS and the SEC this year.

Vince McMahon is alleged to have hidden hush-money settlements to a former employee and company contractor, leading to incorrect financial statements in 2018 and 2021.

Auditing firms are asking the SEC to reject the Public Company Accounting Oversight Board's recent standards on firm and engagement metrics and firm reporting.

The PCAOB will be able to address situations in which a registered firm has ceased to exist, is nonoperational, or no longer wishes to remain registered.

The Financial Accounting Standards Board has posted the 2025 GAAP Financial Reporting Taxonomy, SEC Reporting Taxonomy and GAAP Employee Benefit Plan Taxonomy.

In a comment letter, the institute says the board's new requirements could drive smaller auditing firms out of the market.

The Louisiana-based utility company paid the Securities and Exchange Commission $12 million to settle the charges.

The Public Company Accounting Oversight Board's 2025 budget totals $399.7 million, and the accounting support fee totals $374.9 million.