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The Association of International Certified Professional Accountants (AICPA) hosted the 2020 AICPA Conference on Current SEC and PCAOB Developments this past week at which a number of SEC accountants participated, either delivering speeches or contributing to panel discussions.
Sagar Teotia, the SEC’s Chief Accountant gave remarks reflecting on the past year, and commenting on the priorities of the Office of the Chief Accountant (OCA) for next year. The speech provides a helpful overview of the role of OCA within the SEC as well as recent actions OCA has taken to assist market participants during the COVID-19 pandemic. Chief Accountant Teotia’s remarks serve as a reminder of the importance of high-quality financial reporting and the critical role of a company’s audit committee, especially during times of uncertainty in our capital markets. He also reminded companies that in fulfilling their financial reporting