Category: Rules & Regs
SubscribeFirst 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...
Read MoreRevived SEC Admissions Policy Fizzled in First Year
You could be forgiven if you don’t recall an announcement made by a Securities and Exchange Commission official in 2021. A killer virus spreading around the world, a war in Europe, an attempted insurrection in Washington – there has been a...
Read MoreFeds Issue First Indictment Related to 10b5-1 Plans
After months of signaling a crackdown was coming, the federal government has broken new ground by issuing its first indictment against an executive, based solely on the use of so-called 10b5-1 plans. A quick refresher: Rule 10b5-1 of the Se...
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