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September 21, 2023

When accounting goes unaccounted for

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Paul Beswick

SEC

SEC Chief Accountant Paul Beswick Is Leaving For the Private Sector

by Adrienne Gonzalez

The SEC announced today that Chief Accountant Paul Beswick is out, with his sights set on the private sector. He'll hang around for a bit (a "transitional period" for you corporate drones) to make sure his exit doesn't screw up all his hard work over the last 2 years. Beswick first joined the SEC in […]

SEC

SEC Floats the Idea That the More You Pay For an Audit, The Better the Audit Will Be

by Adrienne Gonzalez

We'd say you heard it here first, kids but actually you heard it from CFO Journal: U.S. securities regulators are wary that pressure to reduce auditor fees could lead to worse audits. Regulators grow “worried” when auditor fees appear to fluctuate with economic cycles, Paul Beswick, chief accountant at the Securities and Exchange Commission, said […]

IFRS

We Found Out Today We Can Continue Waiting for IFRS In the U.S.

by Adrienne Gonzalez

The explanation is pure gold, really. I will have to review my tape on all SEC Chief Accountant Paul Beswick said this morning from this conference but according to the Journal of Accountancy, he said this: Rule-making duties related to federal legislation have prevented the SEC from devoting time to deciding on the future of […]