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ARTICLE · 11 NOVEMBER 2021

Update On Recent Developments Ahead Of FY21 Reporting Season

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As year-end fast approaches, there has been no shortage of regulatory developments relevant to the upcoming financial reporting season. Several of these developments are summarized below.

United StatesAccounting and Audit
Alan Wilson
Alan Wilson
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As year-end fast approaches, there has been no shortage of regulatory developments relevant to the upcoming financial reporting season. Several of these developments are summarized below.

  • SEC Appoints New Board Members to PCAOB. On November 8, 2021, the Securities and Exchange Commission (SEC) announced that it had appointed four new board members to the Public Company Accounting Oversight Board (PCAOB), who join the current sole member and Acting Chairperson, Duane DesParte. The four new members include Erica Y. Williams, Christina Ho, Kara M. Stein, and Anthony (Tony) C. Thompson, with Ms. Williams serving as Chairperson upon her swearing in. Two of the new board members have deep connections to the SEC, with Ms. Williams having served for over a decade at the SEC in various roles, including Deputy Chief of Staff to three former SEC Chairs and Assistant Chief Litigation Counsel in the SEC's Division of Enforcement trial unit. Ms. Stein previously served as

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