Accounting Firm Quarterly Update, Q2 2024

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])

Attorney Advertising: These materials were prepared for general informational purposes only based on information available at the time of publication and are not intended as, do not constitute, and should not be relied upon as, legal advice or a legal opinion on any specific facts or circumstances. Gibson Dunn (and its affiliates, attorneys, and employees) shall not have any liability in connection with any use of these materials. The sharing of these materials does not establish an attorney-client relationship with the recipient and should not be relied upon as an alternative for advice from qualified counsel. Please note that facts and circumstances may vary, and prior results do not guarantee a similar outcome.