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The Securities and Exchange Commission has suspended EFP Rotenberg LLP and an accountant at the firm for failing to detect fraud in the audit of a public company client, ContinuityX Solutions.
July 22 -
James Schnurr, the chief accountant in the Securities and Exchange Commissions Office of the Chief Accountant, has been seriously injured in a bicycling accident, and the SEC named deputy chief accountant Wesley R. Bricker as interim chief accountant while Schnurr recuperates.
July 21 -
The Securities and Exchange Commission voted Wednesday to get rid of redundant and outmoded disclosures in response to recent changes in U.S. and international accounting standards and technology.
July 13 -
The Securities and Exchange Commission voted Monday to propose amendments that would expand the threshold for businesses to qualify as a smaller reporting company.
June 27 -
South Korea is considering a bill that would allow regulators to oust the CEO of an accounting firm that is found to be negligent in controlling audit quality.
June 13 -
The Securities and Exchange Commission said Monday it will allow companies to voluntarily file structured financial statement data in a format known as Inline XBRL.
June 13 -
The Securities and Exchange Commission has barred a former corporate vice president and a former controller for false accounting at an electronics company.
June 9 -
The Consumer Financial Protection Bureau proposed long-awaited rulemaking last week to protect consumers from falling into the trap of ever-spiraling debt for taking out a short-term payday loan.
June 6 -
The Securities and Exchange Commission has approved rules from the Public Company Accounting Oversight Board to improve audit transparency by disclosing the names of audit engagement partners, along with information about other firms that participate in the audits.
May 10 -
Now that public companies are required to use Extensible Business Reporting Language, or XBRL, in their financial filings with the Securities and Exchange Commission, the SEC is trying to make sure the data is appropriate and not hiding accounting gimmicks.
May 9