SEC to Issue Guidance on Revenue Recognition Standard
The Securities and Exchange Commission (SEC) is working on guidance that would help clear some of the confusion for public filers around the Financial Accounting Standards Board (FASB) standard on...
View ArticleStudy: More Insider Trades Happen Just Prior to Comment Letter Releases
A study from the American Association of Accountants has found that people are most likely to engage in insider trading in the period right before an SEC comment letter on revenue recognition...
View ArticleSEC Appoints First Ombudswoman
The Securities and Exchange Commission has appointed Tracey L. McNeil to be the agency's first ever ombudswoman. Currently senior counsel in the SEC’s Office of Minority and Women Inclusion (OMWI),...
View ArticleDefinitive Conflict Mineral List Not So Definitive
The U.S. Commerce Department, more than a year late, has finally published a list of over 400 facilities that process conflict minerals from the Democratic Republic of Congo, but admitted that it...
View ArticleSEC Pays Out Record Whistleblower Reward
The Securities and Exchange Commission has awarded an anonymous whistleblower $30 million, the largest payout in the history of the program that seeks to reward individuals for going to regulators with...
View ArticleContest Winners Design a Simpler 10-K
Two graduate students at the George Washington University School of Business have come up with a new, more readable way to present risk disclosures on the Form 10-K as part of a contest held by the...
View ArticleReport: SEC Can't Account For As Many As 202 Laptops
The Inspector General of the Securities and Exchange Commission said in a report that the agency is having some trouble keeping track of its laptops, which could potentially contain sensitive...
View ArticleSEC Charges High Frequency Trading Firm with Market Manipulation
For the first time, the Securities and Exchange Commission has charged a high frequency trading firm with actively manipulating the market.read more
View ArticleSEC Sets Record with FY 2014 Enforcement Actions
Armed with new investigative and analytical tools, the SEC filed a record number of enforcement actions in FY 2014, according to the Journal of Accountancy. The SEC announced on Thursday that its...
View ArticleSEC Sets Record with FY 2014 Enforcement Actions
Armed with new investigative and analytical tools, the SEC filed a record number of enforcement actions in FY 2014, according to the Journal of Accountancy. The SEC announced on Thursday that its...
View ArticleSEC Planning Concept Release on Audit Committees
The Securities and Exchange Commission announced plans to issue a concept release that will examine ways that the work audit committees do at public companies can be improved, according to Compliance...
View ArticleSEC Fines Auditor for Overstaying Welcome
A Florida auditor has been fined by the Securities and Exchange Commission for violating the federal law that requires lead audit partners to occasionally rotate out of engagements with a public...
View ArticleStudy: SEC Info Distribution System Gives Edge to High-Frequency Traders
Two separate groups of researchers have confirmed that paying subscribers to SEC data feeds get updated EDGAR filings up to a minute sooner than those who wait for the information to appear on the...
View ArticleSEC Announces Fines Against 13 Brokerage Firms
According to The Hill, the Securities and Exchange Commission (SEC) announced fines against 13 brokerage firms accused of violating regulations designed to protect retail investors from high-risk...
View ArticleSEC Chief Accountant Weighing Course of Action on IFRS
The new Chief Accounting of the Securities and Exchange Commission James Schnurr, is said to be deliberating whether the U.S. should move to International Financial Reporting Standards (IFRS) or to...
View ArticleSEC, FASB Issue Pushdown Accounting Guidance
The Financial Accounting Standards Board and the Securities and Exchange Commission have both issued new guidance on the topic of pushdown accounting, according to Accounting Today. The FASB guidance,...
View ArticleReport: Less Than Half of SEC Whistleblowers Are Insiders
The SEC's annual report on its whistleblower program showed that only about 40 percent of whistleblowers are either current or former employees of the company on whom they blow the whistle, said the...
View ArticleSEC Issues New Rules to Prevent More Flash Crashes
For the first time in 23 years, the Securities and Exchange Commission has issued new rules for automated trading systems, voting unanimously to introduce new regulations designed to cut down on...
View ArticleLawmakers Urge SEC to Delay Pay Disclosure Rule
Three Republican lawmakers have asked the Securities and Exchange Commission to delay the implementation of a rule, established as part of the Dodd-Frank Act, that requires companies to disclose the...
View ArticleWhistleblower Accuses Vanguard of Cheating on Taxes, Costing Taxpayers More...
David Danon, a former tax attorney at Vanguard, one of the world’s largest investment companies, has alleged that it manipulated transfer pricing to keep costs and taxes artificially low, according to...
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