SEC

The Securities and Exchange Commission and Public Company Accounting Oversight Board finalized 45 enforcement actions involving accountants in 2018, marking a significant decrease from 2017.

The Council of Institutional Investors is asking the Securities and Exchange Commission to require companies to explain any non-GAAP metrics used to set executive compensation within their proxy statements.

The senator really hates it when corporations that report billions of dollars in profit pay little or no tax to Uncle Sam.

The Securities and Exchange Commission has approved the Financial Accounting Standards Board’s 2019 GAAP Financial Reporting Taxonomy, along with the 2019 SEC Reporting Taxonomy, FASB said Tuesday.

SEC appoints Acting Chief Counsel, Office of the Chief Accountant; Avalara expands executive team; and other recent hires, promotions and personnel news from firms across the country.

The food maker flagged to investors a subpoena it received last year from the U.S. Securities and Exchange Commission related to its procurement practices.

Deloitte’s member firm in Japan, Deloitte Touche Tohmatsu LLC, is paying a $2 million settlement to the U.S. Securities and Exchange Commission to resolve charges that it issued audit reports for a client at the same time dozens of its employees had bank accounts at a subsidiary of the client.

Two firms dominate an otherwise slow quarter for new engagements.

The SEC and FASB control the process now, but Congress should give banking regulators a more central role in overseeing the creation of accounting rules.

The Securities and Exchange Commission has imposed a civil penalty on the car rental giant for misstating pretax income.

The client collapsed after it was discovered to have $100 million in unpaid payroll tax liabilities.

The Public Company Accounting Oversight Board has been pilot testing its upcoming requirements for auditors.

The $273.7 million budget represents a 5 percent increase from last year.

A tweet from President Trump has the commission looking at easing the burden on public companies.

The Financial Accounting Standards Board has made available the 2019 GAAP Financial Reporting Taxonomy and the 2019 SEC Reporting Taxonomy.

Megan Zietsman will assume her role with the Public Company Accounting Oversight Board in early 2019.

OCA chief counsel retiring after more than 20 years with the SEC; Crowe adds 24 new partners and principals; and more personnel news.

Outgoing CAQ chief Cindy Fornelli also shared her plans for retirement.

The Securities and Exchange Commission has been taking a close look at how Amazon.com has been adhering to the new revenue recognition standard, particularly with regard to its Amazon Prime revenue, and Amazon has been pushing back in response to the SEC’s comment letters.

The SEC is also working to help companies with a crowded implementation schedule.