Soyoung Ho

3 weeks ago | tax.thomsonreuters.com | Soyoung Ho

Dozens of former regulators and academics are urging senators to oppose a provision in a budget reconciliation bill that would transfer the Public Company Accounting Oversight Board’s (PCAOB) functions into the Securities and Exchange Commission (SEC) because it violates the so-called Byrd Rule, which limits the bill to only those changes necessary to align federal revenues and expenditures.

3 weeks ago | tax.thomsonreuters.com | Soyoung Ho

At a Washington conference, Securities and Exchange Commission (SEC) Commissioner Hester Peirce said that under Chair Paul Atkins, the commission will likely emphasize capital formation more than during the previous administration when Gary Gensler headed up the agency. Gensler put a heavy focus on investor protection in formulating rule changes.

3 weeks ago | today.westlaw.com | Soyoung Ho

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4 weeks ago | tax.thomsonreuters.com | Soyoung Ho

During discussions with external auditors, public company audit committee chairs focus significantly on factors affecting their relationships, such as communication, coordination, and technical expertise, according to a new Public Company Accounting Oversight Board (PCAOB) report published on May 15, 2025. Audit committee chairs emphasized that open communication is crucial to ensure the audit committee is informed of audit risks and areas of focus.

1 month ago | tax.thomsonreuters.com | Soyoung Ho

As the Public Company Accounting Oversight Board (PCAOB) focuses on the implementation of new standards and rules adopted in the past couple of years, including new quality control (QC) standards, Chair Erica Williams announced that the board will set up a Smaller Firm Resource Group comprised of smaller firm representatives to advise the staff.