SEC

The Big Four firm audited 971 of the 6,607 public companies registered with the SEC in 2024, the most of any audit firm.

The SEC has accepted the taxonomies on GAAP financial reporting and SEC reporting, the FASB said on March 19.

During an earnings call, the company's CEO said the internal problems have not torpedoed the overall financial picture.

The rule “moves us closer to the high-quality reporting that investors, lenders, and other stakeholders require,” the AICPA and CIMA said.

The new rule, which passed March 6, requires large companies to disclose their emissions—but there’s a major hole.

The SEC disclosed 83 accounting and auditing enforcement actions in FY 2023, up 22% from the previous fiscal year.

Edward Hackert is accused of improper conduct by repeatedly not following U.S. auditing standards over a 10-year period.

Under the new rules, special-purpose acquisition companies and their targets will take on more legal liability for disclosures.