Accounting Firm Quarterly Update, Q2 2024

Client Alert  |  July 29, 2024


We are pleased to provide you with Gibson Dunn’s Accounting Firm Quarterly Update for Q2 2024. The Update is available in .pdf format at the below link, and addresses news on the following topics that we hope are of interest to you:

  • PCAOB Undertakes Significant Standard-Setting and Rulemaking Projects
  • Supreme Court Issues Key Securities and Administrative Law Rulings
  • President Biden Vetoes Resolution Overturning SEC Crypto Accounting Guidance
  • Major Ruling in SEC Cybersecurity Case as SEC Clarifies Cyber Disclosure Obligations
  • SEC Permanently Suspends BF Borgers CPA PC and Grants Extension to Affected Registrants
  • Unanimous Fifth Circuit Panel Strikes Down SEC Private Funds Rule
  • European Parliament Adopts Corporate Sustainability Due Diligence Directive
  • PCAOB Staff Issues Spotlight Reports on Root Cause Analysis and Company Information
  • SEC Leaders Issue Regulation and Enforcement Statements
  • Other Recent SEC and PCAOB Enforcement and Regulatory Developments

Please let us know if there are topics that you would be interested in seeing covered in future editions of the Update.

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Warmest regards,
Jim Farrell
Monica Loseman
Michael Scanlon

Chairs, Accounting Firm Advisory and Defense Practice Group, Gibson, Dunn & Crutcher LLP

In addition to the practice group chairs, this update was prepared by David Ware, Timothy Zimmerman, Benjamin Belair, Adrienne Tarver, and Monica Limeng Woolley.

Accounting Firm Advisory and Defense Group Chairs:

James J. Farrell – Co-Chair, New York (+1 212-351-5326, [email protected])

Monica K. Loseman – Co-Chair, Denver (+1 303-298-5784, [email protected])

Michael Scanlon – Co-Chair, Washington, D.C.(+1 202-887-3668, [email protected])

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