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29 Oct 2021, 3:30 am by Liz Dunshee
The SEC’s Acting Chief Accountant, Paul Munter, issued a statement earlier this week. [read post]
10 Dec 2021, 3:30 am by Liz Dunshee
One of those focus areas is revenue recognition – and on the same day that Paul Munter published that year-end statement, the Enforcement Division also announced that it had charged a former NYSE-listed company and three former execs (the CFO, CAO, and Controller) with violations of the antifraud, reporting, books and records, and internal accounting control provisions of the federal securities laws. [read post]
9 Mar 2022, 9:01 pm by John Jenkins
Yesterday, the SEC’s Acting Chief Accountant, Paul Munter, issued a statement addressing the assessment of materiality in the context of errors in financial statements. [read post]
22 Mar 2023, 2:39 am by Liz Dunshee
On Friday, the SEC’s Chief Accountant, Paul Munter, issued a statement on the responsibilities of lead auditors to conduct high-quality audits when involving other auditors. [read post]
29 Aug 2023, 3:30 am by John Jenkins
Last Friday, SEC Chief Accountant Paul Munter issued a statement cautioning management and auditors against taking a narrow approach in their risk assessments when evaluating the effectiveness of a company’s internal controls. [read post]
22 Mar 2023, 9:36 am by Unknown
By John Filar AtwoodThe SEC and PCAOB continue to observe problems with lead auditors’ use and supervision of the work performed by other auditors, and leading SEC Chief Accountant Paul Munter reinded auditors that their systems of quality control over personnel management and supervision of the audit engagement must include the work of other auditors. [read post]
23 Aug 2012, 6:07 am by Staci Zaretsky
Munter, Aaron Leonard Munter, Aaron Munter, Antitrust, Biglaw, Bill Majcher, Bryan Hedges, Canada, Child Porn, Child pornography, Cornell Smith, Crime, Facebook, Federal Judges, Federal Trade Commission, FTC, Instagram, Jeff Karp, Judge Bryan Hedges, Law Schools, Lewis & Clark Law School, Martin Chambers, Money Laundering, Morning Docket, New York, Onondaga County Family Court Judge Bryan Hedges, Paul Hastings, Perverts, Phyllis Diller, Robert Hastings,… [read post]
23 Aug 2012, 6:07 am by Staci Zaretsky
Munter, Aaron Leonard Munter, Aaron Munter, Antitrust, Biglaw, Bill Majcher, Bryan Hedges, Canada, Child Porn, Child pornography, Cornell Smith, Crime, Facebook, Federal Judges, Federal Trade Commission, FTC, Instagram, Jeff Karp, Judge Bryan Hedges, Law Schools, Lewis & Clark Law School, Martin Chambers, Money Laundering, Morning Docket, New York, Onondaga County Family Court Judge Bryan Hedges, Paul Hastings, Perverts, Phyllis Diller, Robert Hastings,… [read post]
23 Jun 2021, 2:41 pm by Kevin LaCroix
On April 12, 2021, when John Coates, the acting director of the SEC Division of Corporate Finance, and Paul Munter, the SEC’s acting chief accountant, issued a statement noting their concerns about the way that SPACs were accounting for warrants issued in connection with SPAC IPOs, they also noted that some entities may need to reclassify the warrants from equity to liabilities, and that the change in accounting treatment might require some entities to restate prior financial… [read post]
1 Apr 2021, 2:55 am by Liz Dunshee
Acting Chief Accountant Paul Munter also issued this statement to further emphasize the complex financial reporting & audit considerations that come into play with these transactions. [read post]
12 Jan 2023, 4:15 am by David Lynn
In a featured program for that exhibit, I moderated a panel of current and former Staffers who worked in the Office of Chief Accountant that included: Paul Munter, SEC Chief Accountant; Joe Ucuzoglu, Chief Executive Officer, Deloitte US and former Senior Advisor to the SEC Chief Accountant; and Paul Beswick, EY Americas IFRS Leader and former SEC Chief Accountant. [read post]
17 Aug 2023, 7:11 am by Unknown
In an Investor Bulletin developed in conjunction with the Office of the Chief Accountant, the OIE advised investors not to place the same degree of reliance on these types of reports as they would on audited financial statements.The bulletin memorializes July 27 remarks by SEC Chief Accountant Paul Munter about the potential pitfalls of crypto assurance work, as previously reported in Securities Regulation Daily. [read post]
27 Jan 2021, 3:04 am by Liz Dunshee
Paul Munter Named SEC’s Acting Chief Accountant Last Friday, the SEC announced that Paul Munter will become the agency’s Acting Chief Accountant, effective upon Sagar Teotia’s previously-announced departure from the Commission in February. [read post]
29 Oct 2021, 3:15 am by Liz Dunshee
In his statement from earlier this week, SEC Acting Chief Accountant Paul Munter noted that the PCAOB inspection program is a key component of ensuring audit quality, and that audit committees should always be focused on audit quality. [read post]
9 Sep 2022, 3:21 am by Liz Dunshee
Just last week, the SEC’s Acting Chief Accountant Paul Munter issued a statement about “critical points to consider when contemplating an audit firm restructuring” – so the SEC is watching. [read post]
25 Aug 2022, 9:01 pm by Gary Gensler
Bryant Morris, Dorothy McCuaig, Ken Alcé, and David Russo in the Office of the General Counsel; Jessica Wachter, Tara Bhandari, PJ Hamidi, Charles Woodworth, Rebecca Orban in the Division of Economic and Risk Analysis; Brian Johnson, Amanda Wagner, and Amy Miller in the Division of Investment Management; Kristin Pauley and Laura Metcalfe in the Division of Enforcement; and Paul Munter, Natasha Guinan, Shaz Niazi, Mark Jacoby, Jonathan Wiggins, Larry Yusuf, PJ Theisen in the… [read post]
7 Sep 2022, 9:01 pm by Paul Munter
One of the recent central themes of the Office of the Chief Accountant[1] has been that high-quality audits are foundational to the trust that underlies capital markets.[2] High-quality audits protect investors, instill shareholder confidence in the quality of the financial information, and enable public companies to raise capital efficiently.[3] The investor protection afforded by high-quality audits is as important to U.S. investors in foreign companies that participate in the U.S. capital markets… [read post]
10 May 2021, 2:56 am by Liz Dunshee
In that regard, at the same conference, Acting SEC Chief Accountant Paul Munter referred the audience to FASB guidance, issued in March, regarding the intersection of ESG and financial accounting standards, which addresses accounting as well as management disclosures. [read post]