California Climate Disclosure Laws Survive a Challenge
California’s climate disclosure requirements have cleared a major hurdle. On August 13, the U.S. District Court for the Central District...
Catnip for the Plaintiffs’ Bar: Adverse Disclosures with a Material Price Impact
Securities Analytics Research (SAR), a data analytics company specializing in securities litigation risk, has published U.S. Securities...
Going Concern Opinions Neared Record Low in 2024
The number of companies that received a going concern opinion for fiscal year 2024 fell to the second-lowest level in the past 20 years....
Is Public Company Sustainability Reporting in Decline or Just Delayed?
In What Backlash? ESG Reporting Continues to Grow , September-October 2024 Update , the Update observed that, based on reporting during...
PCAOB Suggests What Auditors Should Ask Before Accepting an Engagement
The Public Company Accounting Oversight Board has issued Engagement Acceptance , a publication in the Board’s Audit Focus series. ...
AFC Reports on the Financial Reporting Fraud Enforcement Landscape
The Anti-Fraud Collaboration (AFC), a group consisting of the Center for Audit Quality, the Financial Executives International, the...
PwC Offers Ideas for Audit Committee Priorities
Q2 Audit Committee Guide , a new publication from PwC’s Governance Insights Center, discusses nine topics that audit committees should...
KPMG: What Audit Committees Should Know About Tariffs and Financial Reporting
KPMG has released Tariffs Uncertainty: Ask the right financial reporting questions . The paper, which KPMG describes as “a briefing...
The SEC Begins to Shake Up the PCAOB
As discussed in The PCAOB Dodges the Bullet , June-July 2025 Update , legislation to merge the PCAOB into the SEC as part of the 2025...
PCAOB Releases Part II of BDO’s 2019 Inspection Report
On July 23, the Public Company Accounting Oversight Board released previously nonpublic portions of BDO USA’s 2019 inspection report ....
COSO Withdraws its Corporate Governance Framework
On July 16, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) withdrew its draft Corporate Governance Framework...
GAO Finds that SOX Costs are Proportionally Higher for Smaller Companies
The Government Accountability Office (GAO) has issued a report on the costs of compliance with Section 404 of the Sarbanes-Oxley Act...
Can You Spell Your Audit Partner’s First Name? The Answer May Affect Earnings
An academic study that will appear in a forthcoming issue of Contemporary Accounting Research finds that audit partners with...
PwC on Audit Committee Oversight of AI
PwC’s Governance Insights Center has released Oversight in the AI era: understanding the audit committee’s role . The report discusses...
Sustainability Disclosure and Assurance Have Caught on Big-Time
Sustainability reporting is almost universal among the world’s largest companies, and third-party assurance over sustainability...
COSO Unveils its Corporate Governance Framework
On May 27, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) released a public exposure draft of its Corporate...
The PCAOB Dodges the Bullet
As discussed in Is This the End of the PCAOB? May 2025 Update , the House Financial Services Committee included in the 2025 budget...
The FCPA is Back Online
As discussed in President Puts FCPA Enforcement on Hold , February 2025 Updat e , on February 10, President Trump issued an Executive...
Paul Atkins Takes the Wheel at the SEC
On April 21, Paul Atkins took office as Chair of the Securities and Exchange Commission. Chair Atkins served previously as a member of...
2024 PCAOB Conversations with Audit Committee Chairs
The PCAOB has released Spotlight: 2024 Conversations With Audit Committee Chairs ( 2024 Conversations Report ), its annual summary of...