Category: Rules & Regs
SubscribeSEC Already Facing Legal Challenge to Buyback Rules
Shareholders of technology giant Apple might have experienced feelings of déjà vu earlier this month. In announcing its financial results for 2023’s second quarter, the company also revealed that its board of directors authorized buying bac...
Read MoreAmid New Disclosure Rules, Scrutiny of CEO Pay Intensifies
A year ago, Microsoft instituted headline-grabbing measures to lift employee pay as inflation spiked and labor markets tightened. Compensation at the tech giant is now returning to earth, with CEO Satya Nadella announcing last week that ful...
Read MoreFirst Inspections Find Massive Holes in Chinese Audits
Regulators have released the results of their first inspections of audits of U.S.-listed Chinese companies, and they’re not pretty. Analyses revealed “unacceptable deficiencies” in audits performed by KPMG’s Chinese arm and PricewaterhouseC...
Read MoreSEC Taking an Interest in Accounting Enforcement
The implosions of Silicon Valley Bank and Signature Bank this month may have come as a surprise to KPMG LLP, one of the so-called Big Four accounting firms. Both banks collapsed within two weeks of KPMG signing off on their audits. In the w...
Read MoreExecs’ 10b5-1 Plans Reportedly at Heart of Silicon Valley Bank Investigation
What did Silicon Valley Bank executives know, and when did they know it? Ever since the financial institution of choice for venture capital-backed startups went bust on March 10, talk in the media and around Washington has focused on the po...
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