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Category: SEC

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New Quality Standard Heightens Fears of Accounting Brain Drain

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Fans of Christian Wolff rejoiced earlier this year when news broke that filming had started for the latest installment of the adventures of the autistic CPA and mercenary do-gooder portrayed by Ben Affleck. Nine years after The Accountant f...

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Lawsuits Renew Scrutiny of Big Banks’ Deceptive Practices on Cash Sweep Accounts

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Following a steady stream of accusations that big banks like JPMorgan Chase and Wells Fargo have deceived and cheated investors for years, recent lawsuits are shining a light on how banks secretly manage – or mismanage – so-called cash swee...

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SEC Approves Tougher Standards for Auditor Liability

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The Securities and Exchange Commission has approved a proposal from the Public Company Accounting Oversight Board intended to make it easier for the regulatory agency to hold an individual responsible when that person “directly and substant...

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Companies Going Above and Beyond Clawback Requirements

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When it comes to compensation clawbacks, many corporate executives are discovering their own employers have even stricter standards than required by the federal government. In an analysis of 2024 proxy filings, consulting firm FW Cook found...

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Dems Join Crusade to Overturn Contentious SEC Crypto Accounting Guidance

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Several House Democrats have thrown their support behind a congressional effort to overturn controversial accounting guidance that affects how regulated banking organizations account for and safeguard their customers’ digital assets. The de...

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