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SEC Scrutinizing NDAs to Protect Potential Whistleblowers
Trusted Professional
The Securities and Exchange Commission (SEC) has been moving to prevent employee nondisclosure agreements from including…
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SEC and FASB Both Considering Closer Scrutiny of Cash-Flow Statements
Trusted Professional
The Securities and Exchange Commission (SEC) and the Financial Accounting Standards Board (FASB) are taking a closer look at…
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SEC Approves New PCAOB Standard on Audit Confirmations
Auditing
The Securities and Exchange Commission (SEC) voted to approve a new standard for audit confirmations from the Public Company…
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Regulatory Roundup: November 28-December 4
Regulatory Roundup
AICPA AICPA Debuts Proposed Reporting Framework for Issuers of StablecoinsDec 4, 2023 AICPA Warns Congress of Damaging…
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PCAOB Sanctions China- and Hong Kong-Based Firms for Violations
Trusted Professional
The Public Company Accounting Oversight Board (PCAOB) has sanctioned three China-based firms and four individuals as part of…
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Business and Labor Tussle Over New York’s Proposed Ban on Non-Compete Agreements
Trusted Professional
New York Gov. Kathy Hochul is negotiating with legislators on a possible compromise over the state’s proposed ban on…
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FinCEN Extends Corporate Transparency Act Reporting Deadline for New Companies
Trusted Professional
The Treasury Department's Financial Crimes Enforcement Network (FinCEN) is extending the deadline for companies created or…
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CFPB Fines Bank of America for Reporting False Mortgage Data
Trusted Professional
The U.S. Consumer Financial Protection Bureau (CFPB) has fined Bank of America $12 million for submitting false mortgage…
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Survey: Changing 1099-K Reporting Threshold May Cause Disruptions in Marketplaces
Taxation
Changing the Form 1099-K reporting threshold may cause many businesses to abandon online marketplaces and gig economy jobs,…
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