Biden Nominees Signal Stronger Regs- President-elect Joe Biden's nominees for the Securities and Exchange Commission (SEC) and the Consumer Financial Protection Bureau (CFPB) are anticipated…

PCAOB TO INCREASE INSPECTIONS OF HARDEST HIT COVID SECTORS- Newly elected Board Member of the Public Company Accounting Oversight Board (PCAOB), Megan Zietsman, announced that…

SPACs RAISE RECORD $65.7 BILLION - Special Purpose Acquisition Companies (SPACs) are having a record year, with 182 companies seeking the lucrative equity markets, while…

FASB ADVISORY COUNCIL IN NO HURRY FOR NEW REGULATIONS FASB's Financial Accounting Standards Advisory Council (FASAC) is in no hurry to issue new guidance for…

SEC Overhauls Disclosure Requirements - In a sustained effort led by SEC Chairman Jay Clayton to roll back regulations, the SEC voted to modify disclosure…

COVID-19 Triggers More Going Concern Disclosures The most recent data from Audit Analytics shows that 42 SEC-registered public companies have cited the COVID-19 pandemic as…

Diminishing disgorgements- Supreme Court limits SEC's Power While affirming the SEC's authority to seek disgorgement, the Supreme Court placed limits on the SEC practice of…

PPP 2.0  House Overwhelmingly Passes PPP Clean-up Legislation - With a near unanimous vote of 417-1, the U.S. House on May 28 passed the Paycheck…

Audit Issues Emerge Amid COVID-19 Fallout The currently unforeseeable ramifications of COVID-19 has public company management teams and their auditors scrambling to fulfill SEC reporting…