Browsing: Audit

Newsbytes Lawmakers urge reconsideration of proposed auditor standards

A proposal to expand the requirements for auditors to identify, evaluate and communicate all company violations of laws and regulations is in direct conflict with existing rules, and it risks undermining audit quality and independence, two House Republican chairmen said.

Commercial Lending

The Securities and Exchange Commission today informed ABA that it does not object to the association’s conclusion that Main Street Lending Program transactions meet the legal isolation criteria necessary for sale accounting treatment under U.S. generally accepted accounting principles.

1 2 3