- AICPA releases final guidance on SOC for Cybersecurity. The new guidance provides a framework to help organizations better understand the core components of effective cybersecurity risk management.
- The IASB is researching what it may do to help promote consistent environmental, sustainability and governance (ESG) information that companies increasingly report, largely on a voluntary basis. Its main advisory panel has given mixed feedback on how the board should proceed, but IASB Chairman Hans Hoogervorst said he is still convinced the international board needs to take action.
- The SEC's Division of Corporation Finance updated its Compliance & Disclosure Interpretations (C&DIs) to address the filing requirements for securities offerings using Regulation A under the Securities Act of 1933. The guidance seeks to clarify several technical issues surrounding the Reg A exemption, which was overhauled as part of the JOBS Act.
- The PCAOB delayed finalizing a rule to expand the auditor's report and make it more useful for investors. All major board decisions have to be approved by the SEC and the PCAOB has been waiting for the Senate to confirm Jay Clayton to be the next SEC chairman.
- House Financial Services Committee Chairman Jeb Hensarling is set to release an updated version of his sweeping bill to rewrite the Dodd-Frank Act "in the next few weeks," according to a committee spokesperson. The latest version of the Financial Choice Act contains a host of changes over the original, including broader exemptions for small companies from the auditor attestation requirements in Section 404(b) of the Sarbanes-Oxley Act of 2002.