The SEC removed William D. Duhnke III from the Public Company Accounting Oversight Board, and directed the Office of the Chief Accountant to solicit applications for candidates to all five of the Board positions.
SEC Division of Corporation Finance Acting Chair John Coates and SEC Acting Chief Accountant Paul Munter highlighted potential errors in accounting for warrants issued by Special Purpose Acquisition Companies.
The SEC published in the Federal Register an interim final rule amending Forms 20-F, 40-F, 10-K and N-CSR for registrants required to comply with disclosure and submission requirements under the Holding Foreign Companies Accountable Act.
The SEC adopted interim final amendments to certain annual reporting forms. The amendments apply to registrants that have to comply with disclosure and submission requirements under the Holding Foreign Companies Accountable Act.
In a public statement, SEC Chief Accountant Sagar Teotia emphasized the importance of high-quality financial reporting during the COVID-19 pandemic, stating that the Office of the Chief Accountant "stands ready" to provide assistance.