Amanda Iacone
Accounting Reporter at Bloomberg Tax
Journalist covering the world of audit, accounting and financial reporting for Bloomberg @Tax & Accounting.
Articles
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1 week ago |
news.bloombergtax.com | Amanda Iacone
A Republican plan to shutter the US audit board violates Senate rules for a fast-track budget process, Budget Committee ranking member Jeff Merkley’s office said. Senate Parliamentarian Elizabeth MacDonough ruled that the attempt to eliminate the Public Company Accounting Oversight Board doesn’t qualify to be included in the GOP’s sweeping tax and spending bill, according to Merkley (D-Ore.).
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1 week ago |
news.bloombergtax.com | Amanda Iacone
A Senate Republican plan to shutter the nation’s auditor oversight board and roll its responsibilities into the SEC would leave the Wall Street regulator with a hollow new mandate without a clear way to pay for the work, audit industry watchers warn. The budget plan would disband the Public Company Accounting Oversight Board and its separate funding while handing its duties to the Securities and Exchange Commission.
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1 week ago |
news.bloombergtax.com | Amanda Iacone
EU audit regulators are warning that legislative efforts to dismantle their US counterpart threaten to halt inspections of auditors based in Europe and beyond. Sixteen audit regulators in the EU have signed cooperation agreements with the US Public Company Accounting Oversight Board allowing the agencies to share information and conduct inspections.
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2 weeks ago |
news.bloombergtax.com | Amanda Iacone
Auditors benefit from a strong regulator, audit and consulting giant PwC LLP has told lawmakers as Congress is poised to overhaul industry oversight. That oversight should include “strong” standards, inspections, and enforcement, Roslyn Brooks, US public policy leader for the Big Four accounting firm, said in remarks Thursday to a financial reporting conference at the University of Southern California.
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2 weeks ago |
news.bloomberglaw.com | Amanda Iacone
Accounting leaders debate future of auditor oversightGOP budget measure would task SEC with regulating industryAuditors benefit from a strong regulator, audit and consulting giant PwC LLP has told lawmakers as Congress is poised to overhaul industry oversight.
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RT @emyslymi: Sustainability regulations are coming, with SEC finalizing US carbon disclosure rules next. Accenture's chief accounting offi…
RT @JohannsAudit: Nice highlights summary from @Aiacone of the financial statement impacts of @SECGov Final climate-disclosure rules issued…
ICYMI: #Crypto accounting guidance the #SEC released last year, aka the SAB heard around the world, is subject to congressional review, according to a federal agency watchdog. But the GAO verdict may do little to dislodge the #accounting guidance. https://t.co/lLNdjMGAEC
