SEC

A&A

James Schnurr is the New Chief Accountant at the SEC

A former partner and vice chairman with Deloitte LLP, Schnurr, who recently retired from the firm, will head the SEC's Office of the Chief Accountant. He begins his new post in October.
A&A

SEC Cracks Down on the Golf Course

Summer is a time for kicking back and playing a few round of golf with friends, for example. But if you're on the green, you'd better be careful: The SEC may be looking over your shoulder.
A&A

New SEC Initiative Examines Municipal Advisor Compliance

Launched earlier this week, the examination initiative will enable the SEC Office of Compliance Inspections and Examinations to evaluate whether municipal advisors are complying with new agency rules that went into effect on July 1.
A&A

Bramwell's Lunch Beat: SEC Turns to Deloitte for Top Accounting Job

The menu for July 31 features bipartisan efforts on tax refund fraud, a possible new chief accountant for the SEC, the battle against bank overdraft fees, and more.
Practice Management

How to Avoid Self-Directed IRA Nightmares

As your clients' accountant, you may find yourself in the position of dealing with the messy aftermath of bad IRA decisions. Here's how to avoid self-directed problems.
A&A

KPMG Settles SEC Charges Over Violating Auditor Independence Rules

KPMG LLP has agreed to shell out $8.2 million to settle charges from the US Securities and Exchange Commission, which found that the Big Four firm violated auditor independence rules by providing certain nonaudit services, such as bookkeeping, to affiliates of companies whose books KPMG was auditing.
A&A

SEC Sets July 1 as Start of Municipal Advisor Registration

July 1, 2014, is the date when the first set of municipal advisors will be required to register under new rules the US Securities and Exchange Commission finalized last year.
A&A

FASB Releases 2014 US GAAP Taxonomy

The FASB released the 2014 US GAAP Financial Reporting Taxonomy, which contains updates for accounting standards and other improvements to the current taxonomy used by US Securities and Exchange Commission issuers.
Tax

Bernie Madoff Cried as His Empire Toppled

The name Bernard Madoff has become synonymous with investment scams after his firm defrauded investors of $20 billion in investments and $47 billion in fake profit his clients believed they had.
A&A

Economic Analysis Key Piece of PCAOB 2014 Budget

The PCAOB approved its 2014 fiscal year budget of approximately $258.4 million and its 2013-2017 strategic plan – both of which include an emphasis on economic analysis being used in the PCAOB's work.
A&A

SASB Adds Second Comment Period for Financials Standards

The Sustainability Accounting Standards Board (SASB) on November 4 added a second public comment period for sustainability accounting standards the board is proposing for the financials sector, which encompasses seven industries.
A&A

SEC to Propose Crowdfunding Rules under JOBS Act

The US Securities and Exchange Commission (SEC) voted unanimously October 23 to propose rules under the Jumpstart Our Business Startups (JOBS) Act that will enable companies to offer and sell securities through crowdfunding.
A&A

PCAOB Adopts Broker-Dealer Attest and Audit Standards

The Public Company Accounting Oversight Board (PCAOB) on October 10 approved two attestation standards and an auditing standard pertaining to audits of brokers and dealers.
A&A

Attestation Standards for Broker-Dealer Audits on PCAOB Docket

The Public Company Accounting Oversight Board (PCAOB) is expected to discuss adopting attestation standards for auditors of broker-dealers during an open meeting October 10.
A&A

SASB to Launch Corporate Sustainability Pilot Initiative

The Sustainability Accounting Standards Board (SASB) is developing a corporate pilot program that will help US public companies use SASB standards to disclose material environmental, social, and governance issues in their annual filings to the SEC.
A&A

SEC Exempts Accountants from Municipal Advisor Registration

The SEC adopted rules establishing a permanent registration regime for municipal advisors as required by Dodd-Frank; however, an accountant who provides audit or other attestation services will not have to register as a municipal advisor.
A&A

Public Comment Period on Lease Accounting Draws Near

September 13 is the final day individuals and organizations can submit comments on the revised proposals to the guidelines for lease accounting that were published in May by the FASB and the IASB.
A&A

PCAOB Report Highlights Deficiencies in Broker-Dealer Audits

Officials from the Public Company Accounting Oversight Board (PCAOB) said on August 19 that deficiencies were found in all sixty of the broker-dealer audits conducted by audit firms that the PCAOB inspected last year – and in 95 percent of the individual audits selected for inspection.
A&A

SASB Provides a Remedy for Sustainability Issues Reporting

In an effort to provide public companies with a standardized framework for reporting the ESG issues that affect their industries, the SASB unveiled its first set of provisional sustainability accounting standards.
A&A

US GAAP Financial Reporting Taxonomy Green-Lighted by SEC

The US Securities and Exchange Commission (SEC) has adopted the 2013 US GAAP Financial Reporting Taxonomy, which allows companies to use eXtensible Business Reporting Language (XBRL) in reporting financial statements.

Pages


Already a member? log in here.