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SPAC restatements proliferate in the wake of SEC warning

REGISTER NOW A warning from the Securities and Exchange Commission about accounting for the warrants used by special purpose acquisition companies has prompted hundreds of them to issue financial restatements. SPACs, also known as blank-check companies, have become an increasingly popular way for companies to go public by merging a privately held business with a shell company that files for an initial public offering. The SEC issued a statement in April saying that many of the SPACs had been a...
United States Demetrios Frangiskatos Joshua Roberts Bloomberg Exchange Commission Audit Analytics ஒன்றுபட்டது மாநிலங்களில்

POGO Urges New SEC Chair to Reform the Audit Industry

POGO Urges New SEC Chair to Reform the Audit Industry May 26, 2021 Dear Chair Gensler: Congratulations on your recent confirmation as chair of the Securities and Exchange Commission (SEC). I write to you on behalf of the Project On Government Oversight (POGO) to provide several recommendations for the Public Company Accounting Oversight Board (PCAOB) that the commission can implement immediately on its own, and several where the commission can work with Congress to strengthen the laws governi...
United States Pricewaterhousecoopers Pw Danielle Brian Williamd Duhnke Joe Biden Wes Bricker
Source: pogo.org

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