Alan Wilson on Securities and Exchange Commission (SEC)

SEC Chief Accountant Offers Guidance to Audit Committees

SEC Chief Accountant Wesley Bricker recently delivered another speech in which he discussed current issues in financial reporting and highlighted the critical roles that auditors, audit committees and audit regulation play in...more

7/19/2017 / Audit Committee , Financial Reporting , New Guidance , PCAOB , Securities and Exchange Commission (SEC)

SEC Chief Accountant Discusses Audit Committee Effectiveness, Other Current Topics

In a pair of recent speeches, SEC Chief Accountant Wesley Bricker discussed the critical role audit committees play in the financial reporting process, explored current challenges confronting audit committees, and offered...more

5/5/2017 / Audit Committee , Corporate Governance , Financial Reporting , ICFR , Securities and Exchange Commission (SEC)

Regulators Discuss Accounting and Auditing Developments at 2016 AICPA Conference

This year’s American Institute of Certified Public Accountants Conference on SEC and PCAOB Developments, held on December 5-7, echoed several themes from prior AICPA conferences regarding regulatory priorities of interest to...more

12/19/2016 / Accounting Standards , AICPA , Audit Committee , Auditor Independence , IFRS , Internal Controls , Non-GAAP Financial Measures , PCAOB , Securities and Exchange Commission (SEC)

SEC Division of Enforcement Focuses on Auditor Compliance

Speaking at the American Law Institute’s Conference on Accountants’ Liability in September, Andrew Ceresney, Director of the Division of Enforcement of the Securities and Exchange Commission, reviewed in detail the SEC’s...more

10/21/2016 / Auditor Independence , Enforcement Actions , Financial Reporting , Professional Conferences , Securities and Exchange Commission (SEC)

PCAOB Reproposes Enhanced Auditor Reporting Standard

On May 11, the Public Company Accounting Oversight Board unanimously agreed to repropose a revised auditing standard governing the contents and form of the audit report delivered by registered public accounting firms in their...more

6/2/2016 / Accounting Standards , Auditors , Comment Period , Financial Statements , PCAOB , Publicly-Traded Companies , Reporting Requirements , Securities and Exchange Commission (SEC)

PCAOB Outlines Priorities for 2016

As part of its annual budget process for 2016, the Public Company Accounting Oversight Board reviewed the priorities set forth in its 2015-2019 Strategic Plan. Commenting on the adoption of its $257.7 million budget for...more

1/6/2016 / Audit Committee , Audit Reports , FASB , PCAOB , Public Disclosure , Securities and Exchange Commission (SEC) , Strategic Planning

Audit Committee Disclosures Among Largest Companies Continue to Expand

In its fourth annual report on enhanced audit committee reporting to shareholders, Ernst & Young reports that “the previously observed trend of Fortune 100 companies going beyond minimum disclosure requirements and providing...more

10/1/2015 / Audit Committee , Disclosure Requirements , Fortune 500 , Proxy Statements , Securities and Exchange Commission (SEC)

SEC Issues Concept Release on Possible Revisions to Audit Committee Disclosures

On July 1, 2015, the Securities and Exchange Commission issued its long-anticipated concept release on Possible Revisions to Audit Committee Disclosures. The concept release notes the important function of the public company...more

8/24/2015 / Audit Committee , Comment Period , Disclosure Requirements , Public Comment , Publicly-Traded Companies , Regulation S-K , Securities and Exchange Commission (SEC)

SEC Plans Concept Release on Audit Committee Disclosures

The Securities and Exchange Commission plans to issue a concept release in early 2015 addressing possible changes in the audit committee disclosures in proxy statements. SEC Chair Mary Jo White disclosed this plan at the...more

12/5/2014 / Compliance , Corporate Governance , Dodd-Frank , Joint Audit Committee , PCAOB , Proxy Statements , Sarbanes-Oxley , Securities and Exchange Commission (SEC)

Alan Wilson

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