News & Analysis as of

Investors Audit Committee

Akin Gump Strauss Hauer & Feld LLP

OCA Statement on the Continued Importance of High-Quality Financial Reporting for Investors in Light of COVID-19

On June 23, 2020, the Office of the Chief Accountant (OCA) of the Securities and Exchange Commission (SEC) issued another statement on the importance of high-quality financial reporting in light of the impact of, and...more

WilmerHale

PCAOB Continues to Expand CAMs Resources

WilmerHale on

Earlier this month, the Public Company Accounting Oversight Board released additional resources regarding its new Critical Audit Matters (CAMs) disclosure requirement, with the latest resources targeted to audit committees...more

WilmerHale

ISS Annual Policy Survey Seeks Input Regarding Auditors and Audit Committees

WilmerHale on

Earlier this week, proxy advisory firm Institutional Shareholder Services Inc. (ISS) launched its Annual Policy Survey, which solicits responses from institutional investors, companies, corporate directors and other market...more

Cooley LLP

Blog: CAQ issues new roadmap for audit committees on non-GAAP measures

Cooley LLP on

The Center for Audit Quality has issued a new guide for audit committees related to non-GAAP financial measures. Based on information gained from a series of roundtables held in 2017, Non-GAAP Measures: A Roadmap for Audit...more

Cooley LLP

Blog: Audit Committee Oversight Of The New Revenue Recognition Standard: Center For Audit Quality Comes To The Rescue

Cooley LLP on

As discussed in this PubCo post, the SEC’s Office of the Chief Accountant has continued to beat the drums to encourage companies and their audit committees to hunker down and address the impending effectiveness in 2018 of the...more

Cooley LLP

Blog: Study Finds Disclosure Of “Critical Audit Matters” May Reduce Legal Exposure For Auditors

Cooley LLP on

When the PCAOB originally floated the idea of an expanded audit report in 2011, the proposal fueled quite a controversy. Supporters of the concept contended that the current form of the auditor’s report was just boilerplate...more

Cooley LLP

Blog: Study Of Enhanced Audit And Audit Committee Reports In UK Shows Positive Audit Impact

Cooley LLP on

This study reported in Compliance Week may put some wind in the sails of those seeking to enhance the nature of the disclosures in standard audit reports and audit committee reports in the US. The study showed that, in the...more

Morgan Lewis

New SEC And PCAOB Proposals Related To Audit Committee Disclosure And Audit Quality

Morgan Lewis on

OVERVIEW - On July 1, 2015, the US Securities and Exchange Commission (SEC) issued a concept release relating to its audit committee reporting requirements. This release references two Public Company Accounting Oversight...more

Foley & Lardner LLP

SEC Issues Concept Release Requesting Input on Potential Audit Committee Disclosure Requirements

Foley & Lardner LLP on

At an open meeting held on July 1, 2015, the Securities and Exchange Commission (SEC) issued a concept release seeking input on whether it should adopt rules requiring additional disclosures for audit committees, with a focus...more

Stinson - Corporate & Securities Law Blog

SEC Provides Update on Concept Release for Audit Committees

In October 2014, Compliance Week noted that SEC Chair Mary Jo White indicated a concept release on Audit Committees would be forthcoming. James Schnurr, Chief Accountant, SEC Office of the Chief Accountant gave an update on...more

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