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Your Daily Accounting Briefing – 2024-05-20

1 min read
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Let’s see what’s in the news today.

PCAOB standard QC 1000: Enhanced audit quality

The adoption of a new quality control standard, QC 1000, marks a pivotal shift from outdated frameworks that have governed auditors for decades.

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Top SEC Accountant Pitches Clawbacks as Audit Quality Nudge

The SEC’s top accountant urged accounting firms to consider clawing back the pay of senior leaders for professional misconduct as a tool to combat profit pressures that could undermine audits of listed companies.

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DiamondRock Hospitality Welcomes New Chief Accounting Officer and General Counsel – Travel And Tour World

DiamondRock Hospitality Company (NYSE: DRH), a lodging-focused real estate investment trust with a portfolio of 36 premium hotels and resorts across the United States, has announced the promotion of Stephen Spierto to Chief Accounting Officer, effective May 15, 2024. Mr. Spierto, 34, joined the Company in November 2023, initially serving as Vice President, Corporate Controller.

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Senate Passes Bill To Block SEC Crypto Accounting Guidance

The U.S. Senate voted Thursday to send a bill overturning the U.S. Securities and Exchange Commission’s controversial crypto accounting guidance to the president’s desk, though without the necessary votes to override the White House’s planned veto.

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Michael Joy, CPA, CGMA | Long Island Business News

Michael Joy, CPA, CGMA Partner-in-Charge, Long Island Office EisnerAmper As partner-in-charge of EisnerAmper’s Long Island office, Michael Joy is responsible for office stewardship and growth, client service initiatives, talent maximization and day-to-day operations and administration. He also provides audit, review and compilation services for closely held and nonprofit companies in commercial and residential real estate,

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Bank of Marin Bancorp reveals new Principal Accounting Officer.

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