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Your Daily Accounting Briefing – 2024-08-23

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Let’s see what’s in the news today.

Three Faculty Members Join School of Accountancy

Cal State Fullerton’s School of Accountancy at the College of Business and Economics is the premier West Coast destination for a high-tech, data-focused and world-class accounting education. As the only program accredited by the Association to Advance Collegiate Schools of Business for accounting education in Orange County, the school and the broader college are among a small […]

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Wall Street regulator approves tougher rules for accounting ‘negligence’

By Douglas Gillison (Reuters) -In a split vote, Wall Street’s top regulator on Tuesday blessed new rules making it easier for an audit watchdog to hold people responsible for audit firms’ violations. Divided along party lines, the five-member U.S. Secu…

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SEC approves tougher rules around auditor ‘negligence’

The commission approved proposals from the PCAOB around contributory liability, the responsibilities of the auditor, and technology-assisted data analysis.

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SVP & Chief Accounting Officer Soliday Lance A sold $770,454 worth of shares (5,725 units at $134.58) and exercised 5,000 shares at a strike of $104.50, decreasing direct ownership by 6% to 11,187 units (SEC Form 4)

4 – Expedia Group, Inc. (0001324424) (Issuer)

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Split SEC Adopts PCAOB Rules On Auditor Liability

The U.S. Securities and Exchange Commission approved Tuesday to hold accountants to a higher standard when auditing public companies, which the majority said provided a necessary and long-awaited update to the Public Company Accounting Oversight Board’s rules while detractors argued it could dissuade people from working in the industry.

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