SEC Preparing End to IFRS Speculation
The Securities and Exchange Commission may be preparing to put an end to the uncertainty about possible adoption of International Financial Reporting Standards in the United States. SEC Chief Accountant James Schnurr said at a recent conference that he plans to make a recommendation to the full Commission in the ...
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Recognize the Big Standards’ Changes
The auditing and financial reporting world will spend lots of 2015 preparing for the new revenue recognition standard going into effect by 2017—but from leasing to going concern warnings to IFRS adoption in the United States, plenty of other major changes may arrive as well. “Folks have come to see ...
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News BriefSEC charges duo in $275 million water vending machine Ponzi scheme
The owner of a water machine vending company and a portfolio manager were allegedly behind a Ponzi-like scheme that raised more than $275 million, according to the U.S. Securities and Exchange Commission.
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News BriefNine regulatory initiatives under SEC’s “Project Crypto” aim to redefine crypto market rules
Securities and Exchange Commission Chairman Paul Atkins has launched “Project Crypto,” a major regulatory overhaul aimed at shifting the agency from enforcement to innovation. Atkins’ address outlined as many as nine Commission-wide initiatives to revamp the SEC’s rulebook for the digital finance era.