The use of non-GAAP financial measures by US public companies continues to attract scrutiny.

What is off-balance-sheet financing?

The HHS Office of Inspector General's (OIG) latest its Semiannual Report to Congress highlights top audits, investigations, and enforcement activities for the period of April 1 to September 30, 2016...

On 1 June 2017, the Public Company Accounting Oversight Board ("PCAOB") adopted new standard S 3101, The Auditor's Report on an Audit of Financial Statements When the Auditor Expresses an Unqualified Opinion.

The PCAOB's latest expansion of its outreach efforts follows a little over a year from the launch of its Audit Committee Dialogue webpage.

The PCAOB released an interim analysis report and two accompanying white papers providing the PCAOB's perspective on the initial impact of critical audit matter (CAM)...

Companies’ capital raising activities and equity-based employee benefit plans would be adversely affected if the PCAOB adopts its reproposed amendments to require disclosure in the auditor’s report of (1) the name of the engagement partner on the most recent period’s audit, ...

This article in Bloomberg BNA reports that FASB is expected to issue new rules this year that will require public companies to disclose the amount of their government subsidies.

In an effort to better assess the impact on regulatory capital and the regulators' assessment of earnings of our banking clients of two new accounting standards, Accounting Standards Update No. 2016-01 Financial Instruments-Overall, and Accounting Standards Update No. 2016-02 - Leases (ASU 2016-01 and 2016-02), we recently spoke with personnel in the Boston and New York Regional FDIC offices.

Legal risk management for actuaries involves recognizing that different types of assignments have different levels of risk.

The SEC and CFTC granted no-action relief to broker-dealers (SEC) and to futures commission merchants and introducing brokers (CFTC) regarding the net capital implications resulting ...

SEC and Public Company Accounting Oversight Board ("PCAOB") leaders alerted market participants to potential impacts from the coronavirus on financial disclosure and reporting.

Outgoing Securities and Exchange Commission (SEC) Chair Mary Jo White has urged her successor and the SEC to continue to pursue high-quality, globally accepted accounting standards "as one of its highest priorities."

On November 14, 2017, SEC Chief Accountant Wesley R. Bricker gave remarks before the Financial Executives International 36th Annual Current Financial Reporting Issues Conference.

SEC Chief Accountant Wesley Bricker made recommendations to improve the quality of financial reporting for regulatory agencies and firms.

In May 7 remarks at Baruch College, SEC Chief Accountant James Schnurr appeared to acknowledge what many have expected for some time—it is unlikely the SEC will mandate the incorporation of IFRS into US accounting standards.

SEC Chair Jay Clayton, Chief Accountant Sagar Teotia, and Director of the Division of Corporation Finance William Hinman offered observations

The SEC named Richard Jones as the next Chair of the Financial Accounting Standards Board ("FASB"). He will succeed Russ Golden, beginning his term July ...

The SEC specified that the accountant is not, at this time, seeking to appear or practice as an independent accountant before the SEC.

On January 23, 2025, the SEC issued Staff Accounting Bulletin (SAB) 122, formally withdrawing the controversial SAB 121.