Subscribe
‘Enforcement 40’ for 2020
Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedInSEC Appoints New Chairperson and Board Members to the Public Company Accounting Oversight Board
The Securities and Exchange Commission today announced the appointments of Erica Y. Williams as Chairperson and Christina Ho, Kara M. Stein, and Anthony (Tony) C. Thompson as Board members of the Public Company Accounting Oversight Board (PCAOB). Duane DesParte will continue his service as a Board member and will remain Acting Chairperson until Ms. Williams […]
SEC Investigating Former Chair of Auditing Industry Regulator – WSJ
The Securities and Exchange Commission is investigating whether the recently dismissed chairman of the auditing industry’s oversight board violated any rules in his handling of internal complaints at the regulator, according to people familiar with the matter. The SEC’s enforcement investigation is examining the actions of William Duhnke, who was dismissed from his job as […]
Progressives tell SEC chair to fire Trump-era audit board – POLITICO
Progressive groups and consumer advocates called on SEC Chair Gary Gensler to fire members of the Public Company Accounting Oversight Board, the nation’s accounting auditor, saying the board has “collapsed into a pattern of non-enforcement and retaliation against whistleblowers“ and had lost important staff members under former President Donald Trump. Source: Progressives tell SEC chair […]
Standing Up the PCAOB: A Discussion with PCAOB’s Founding Board Members and Audit Profession. | SEC Historical Society
This live broadcast will focus on the early history of the PCAOB and provide a first-hand understanding of the challenges and opportunities of being a new regulator (Panel I) and newly regulated (Panel II) in the environment of the just-passed Sarbanes-Oxley Act. Our confirmed guests include: Panel I – Founding PCAOB Board Members Kayla J. […]
Remember Enron? It Could Happen Again on Biden’s Watch
There are several relatively straightforward steps the Biden administration could take. They involve the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB). Some would require legislation, and some assume the new administration can muster a working majority at the SEC. But to really make a difference, the Biden administration will […]
Trump Administration Would Shift Audit Watchdog Role to SEC
The White House would transfer the authority of the Public Company Accounting Oversight Board to the SEC by 2022 in order to eliminate duplication between the two regulators and “reduce regulatory ambiguity,” it said in the budget released Monday. The administration estimates eliminating the board would save an estimated $580 million over nine years. Public […]
SEC Paying Ex-Chairman to Help Audit Regulator, Documents Show
Former SEC Chairman Harvey Pitt is being retained by his former agency through 2024 to advise it on strengthening governance of the Public Company Accounting Oversight Board, almost two decades after his mishandling of the audit regulator’s startup led to his departure. The Republican is doing the work through his Washington-based consulting firm, Kalorama Partners […]
SEC Approves 2020 PCAOB Budget and Accounting Support Fee
The 2020 PCAOB budget totals $284.7 million, an increase of approximately 4.0% from its 2019 budget. The accounting support fee totals $270.2 million, approximately 2.8% more than the 2019 accounting support fee, of which $239.7 million will be assessed on public companies and $30.5 million will be assessed on broker-dealers. The accounting support fee approximates […]
Patrick Bryan Named PCAOB Director of the Division of Enforcement and Investigations
The Public Company Accounting Oversight Board today announced that Patrick Bryan has been named the PCAOB’s Director of the Division of Enforcement and Investigations. In this role, Mr. Bryan will advance the organization’s investigations and litigation of violations of PCAOB rules and other applicable securities regulations. *** Mr. Bryan currently serves as the Assistant General […]
Kenneth Lench Named PCAOB General Counsel
The Public Company Accounting Oversight Board today announced that Kenneth Lench has been named the PCAOB’s General Counsel. In this role, Mr. Lench will provide legal advice and counsel to the Board regarding all PCAOB operations and activities. “Ken brings deep experience in securities law and the capital markets, and will be an excellent addition […]