Trusted Foreign Auditing Act of 2023

Issues impacting the accounting and auditing profession; PCAOB matters, including disciplinary proceedings, legislation related to the Sarbanes Oxley Act sec. 404(b) (H.R. 2603), Holding Foreign Companies Accountable Act, The Trusted Foreign Auditing Act of 2023 (H.R. 6769 / S. 3494), general accounting issues, and proposed amendments to Auditing Standards related to a Companys noncompliance with Laws and Regulations; Implementation of the Corporate Transparency Act; Anti-money laundering provisions including gatekeeper requirements; Independence of accounting standard setting; Digital assets and crypto currency draft legislation; RECOUP Act of 2023 (S. 2190); NDAA issues related to conflicts of interest; Issues related to Artificial Intelligence (AI) accountability and attest.

Client expense: $60,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Support for continued investor protections under Sarbanes-Oxley; Issues impacting the accounting and auditing profession; Independence of accounting setting; PCAOB matters, including disciplinary proceedings; Holding Foreign Companies Accountable Act, The Trusted Foreign Auditing Act of 2023 (H.R. 6769/S. 3494); Anti-money laundering provisions including gatekeeper requirements; Digital assets and cryptocurrency draft legislation; RECOUP Act of 2023 (S. 2190); VET Artificial Intelligence Act (S. 4769), issues related to Artificial Intelligence (AI) accountability and attest.

Client expense: $730,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues impacting the accounting and auditing profession; Anti-money laundering provisions including gatekeeper requirements; PCAOB matters, including disciplinary proceedings, Holding Foreign Companies Accountable Act, The Trusted Foreign Auditing Act of 2023 (H.R. 6769 / S. 3494), and proposed amendments to Auditing Standards related to a Companys noncompliance with Laws and Regulations; RECOUP Act of 2023 (S. 2190); NDAA issues related to conflicts of interest; Issues related to Artificial Intelligence (AI) accountability.

Client expense: Not reported · Firm income: $40,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues impacting the accounting and auditing profession, investor protection, and corporate governance and disclosures; issues related to P.L. 107-204, the Sarbanes-Oxley Act, including S.865, the PCAOB Enforcement Transparency Act of 2023, S.3494/H.R.6769, the Trusted Foreign Auditing Act of 2023, H.R. 2603 related to internal controls over financial reporting, and similar legislation; implementation of provisions of the Corporate Transparency Act of 2019 enacted as part of P.L. 116-283; issues related to anti-money laundering proposals; independence of accounting standard setting; general issues related to the implementation of P.L. 116-222 the Holding Foreign Companies Accountable Act; issues related to the regulation of digital assets; issues related to artificial intelligence and accountability mechanisms; issues related to various PCAOB standards.

Client expense: $420,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues impacting the accounting and auditing profession; PCAOB matters, including disciplinary proceedings, legislation related to the Sarbanes Oxley Act sec. 404(b) (H.R. 2603), Holding Foreign Companies Accountable Act, The Trusted Foreign Auditing Act of 2023 (H.R. 6769 / S. 3494), and proposed amendments to Auditing Standards related to a Companys noncompliance with Laws and Regulations; Implementation of the Corporate Transparency Act; Anti-money laundering provisions including gatekeeper requirements; Independence of accounting standard setting; Digital assets and crypto currency draft legislation; RECOUP Act of 2023 (S. 2190); NDAA issues related to conflicts of interest; Issues related to Artificial Intelligence (AI) accountability and attest.

Client expense: $60,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues impacting the accounting and auditing profession; PCAOB matters, including disciplinary proceedings, legislation related to the Sarbanes Oxley Act sec. 404(b) (H.R. 2603), Holding Foreign Companies Accountable Act, The Trusted Foreign Auditing Act of 2023 (H.R. 6769 / S. 3494), and proposed amendments to Auditing Standards related to a Companys noncompliance with Laws and Regulations; Implementation of the Corporate Transparency Act; Anti-money laundering provisions including gatekeeper requirements; SEC custody rule updates; ECIP clarification on auditor controls attestation requirement; Digital assets and crypto currency draft legislation; RECOUP Act of 2023 (S. 2190); Group-of-plans consolidated audit; NDAA issues related to conflicts of interest; Issues related to Artificial Intelligence (AI) accountability and attest; Single audit of nonfederal entities federal award money; Independence of accounting standard setting.

Client expense: $1,300,000 · Firm income: Not reported

Issues impacting the accounting and auditing profession; Anti-money laundering provisions including gatekeeper requirements; PCAOB matters, including disciplinary proceedings, Holding Foreign Companies Accountable Act, The Trusted Foreign Auditing Act of 2023 (H.R. 6769 / S. 3494), and proposed amendments to Auditing Standards related to a Companys noncompliance with Laws and Regulations; RECOUP Act of 2023 (S. 2190); NDAA issues related to conflicts of interest; Issues related to Artificial Intelligence (AI) accountability.

Client expense: Not reported · Firm income: $40,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Support for continued investor protections under Sarbanes-Oxley; Issues impacting the accounting and auditing profession; Independence of accounting setting; PCAOB matters, including disciplinary proceedings; Holding Foreign Companies Accountable Act, The Trusted Foreign Auditing Act of 2023 (H.R. 6769/S. 3494); Anti-money laundering provisions including gatekeeper requirements; Digital assets and cryptocurrency draft legislation; RECOUP Act of 2023 (S. 2190); Issues related to Artificial Intelligence (AI) accountability and attest.

Client expense: $1,000,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues impacting the accounting and auditing profession, investor protection, and corporate governance and disclosures; issues related to P.L. 107-204, the Sarbanes-Oxley Act, including S.865, the PCAOB Enforcement Transparency Act of 2023, S.3494/H.R.6769, the Trusted Foreign Auditing Act of 2023, H.R. 2603 related to internal controls over financial reporting, and similar legislation; implementation of provisions of the Corporate Transparency Act of 2019 enacted as part of P.L. 116-283; issues related to anti-money laundering proposals; independence of accounting standard setting; general issues related to the implementation of P.L. 116-222 the Holding Foreign Companies Accountable Act; issues related to the regulation of digital assets; issues related to artificial intelligence and accountability mechanisms; issues related to various PCAOB standards.

Client expense: $380,000 · Firm income: Not reported

Issues impacting the accounting and auditing profession; PCAOB matters, including disciplinary proceedings, legislation related to the Sarbanes Oxley Act sec. 404(b) (H.R. 2603), Holding Foreign Companies Accountable Act, The Trusted Foreign Auditing Act of 2023 (H.R. 6769 / S. 3494), and proposed amendments to Auditing Standards related to a Companys noncompliance with Laws and Regulations; Implementation of the Corporate Transparency Act; Anti-money laundering provisions including gatekeeper requirements; SEC custody rule updates; ECIP clarification on auditor controls attestation requirement; Digital assets and crypto currency draft legislation; RECOUP Act of 2023 (S. 2190); Group-of-plans consolidated audit; NDAA issues related to conflicts of interest; Issues related to Artificial Intelligence (AI) accountability and attest; Single audit of nonfederal entities federal award money; Independence of accounting standard setting.

Client expense: $1,330,000 · Firm income: Not reported

Issues impacting the accounting and auditing profession; PCAOB matters, including disciplinary proceedings, legislation related to the Sarbanes Oxley Act sec. 404(b) (H.R. 2603), Holding Foreign Companies Accountable Act, The Trusted Foreign Auditing Act of 2023 (H.R. 6769 / S. 3494), and proposed amendments to Auditing Standards related to a Companys noncompliance with Laws and Regulations; Implementation of the Corporate Transparency Act; Anti-money laundering provisions including gatekeeper requirements; Independence of accounting standard setting; Digital assets and crypto currency draft legislation; RECOUP Act of 2023 (S. 2190); NDAA issues related to conflicts of interest; Issues related to Artificial Intelligence (AI) accountability and attest.

Client expense: $60,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 6769 / S. 3494 Trusted Foreign Auditing Act of 2023, amendments to the Sarbanes-Oxley Act of 2002 impacting the accounting profession. General issues on corporate disclosure; General issues relating to sanctions and anti-money laundering proposals; and General issues impacting the accounting profession.

Client expense: $450,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Securities & Exchange Commission (SEC)

Support for continued investor protections under Sarbanes-Oxley; Issues impacting the accounting and auditing profession; Independence of accounting setting; PCAOB matters, including disciplinary proceedings; Holding Foreign Companies Accountable Act, The Trusted Foreign Auditing Act of 2023 (H.R. 6769/S. 3494); Anti-money laundering provisions including gatekeeper requirements; Digital assets and cryptocurrency draft legislation; RECOUP Act of 2023 (S. 2190); Issues related to Artificial Intelligence (AI) accountability and attest.

Client expense: $770,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues impacting the accounting and auditing profession; Anti-money laundering provisions including gatekeeper requirements; PCAOB matters, including disciplinary proceedings, Holding Foreign Companies Accountable Act, The Trusted Foreign Auditing Act of 2023 (H.R. 6769 / S. 3494), and proposed amendments to Auditing Standards related to a Companys noncompliance with Laws and Regulations; RECOUP Act of 2023 (S. 2190); NDAA issues related to conflicts of interest; Issues related to Artificial Intelligence (AI) accountability.

Client expense: Not reported · Firm income: $40,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 3033, Solidify Iran Sanctions Act of 2023, all provisions. H.R. 3203, Stop Chinese Fentanyl Act of 2023, all provisions. H.R. 3882, Leveling the Playing Field 2.0 Act, all provisions. H.R. 6370, OFAC Licensure for Investigators Act, all provisions. H.R. 6505, Fentanyl Reduction Engrained by Economic Deterrence (FREED) Act, all provisions. H.R. 6769, Trusted Foreign Auditing Act of 2023, all provisions. H.R. 803, PROTECT Taiwan Act, all provisions. S. 1271, FEND Off Fentanyl Act, all provisions. S. 1390, Solidify Iran Sanctions Act of 2023, all provisions. S. 152, American Financial Markets Integrity and Security Act, all provisions. S. 2678, Outbound Investment Transparency Act of 2023, all provisions. S. 3494, Trusted Foreign Auditing Act of 2023, all provisions. S.3831, Protecting American Autoworkers from China Act of 2024, all provisions. Issues related to Anti-Money Laundering and Combating the Financing of Terrorism; Captagon and International Narcotics Trafficking; China-Related Divestment Authorities; Chinese Involvement with Fentanyl Trafficking; Expanding Trade Transparency Units; Hamas Funding Streams; IMF Funding for Iran; International Narcotics Production and Trafficking; Iran Funding Streams; Iranian Oil Sanctions Enforcement; U.S. Adversaries Sanctions Evasions Schemes; U.S. Exports Control Policy; U.S. Iran Financial Waivers Policy; U.S. Narcotics Sanctions Policy; U.S. Sanctions Authorities, Implementation, Enforcement, and Policy; U.S. Tariffs on Chinese Electric Vehicles; U.S. Terrorism Sanctions Policy; and U.S.-Mexico-Canada Agreement (no bill).

Client expense: $160,000 · Firm income: Not reported

Issues impacting the accounting and auditing profession, investor protection, and corporate governance and disclosures; issues related to P.L. 107-204, the Sarbanes-Oxley Act, including S.865, the PCAOB Enforcement Transparency Act of 2023, S.3494/H.R.6769, the Trusted Foreign Auditing Act of 2023, H.R. 2603 related to internal controls over financial reporting, and similar legislation; implementation of provisions of the Corporate Transparency Act of 2019 enacted as part of P.L. 116-283; issues related to anti-money laundering proposals; independence of accounting standard setting; general issues related to the implementation of P.L. 116-222 the Holding Foreign Companies Accountable Act; issues related to the regulation of digital assets; issues related to artificial intelligence and accountability mechanisms.

Client expense: $500,000 · Firm income: Not reported

Issues impacting the accounting and auditing profession; PCAOB matters, including disciplinary proceedings, legislation related to the Sarbanes Oxley Act sec. 404(b) (H.R. 2603), Holding Foreign Companies Accountable Act, The Trusted Foreign Auditing Act of 2023 (H.R. 6769 / S. 3494), and proposed amendments to Auditing Standards related to a Companys noncompliance with Laws and Regulations; Implementation of the Corporate Transparency Act; Anti-money laundering provisions including gatekeeper requirements; SEC custody rule updates; ECIP clarification on auditor controls attestation requirement; Digital assets and crypto currency draft legislation; RECOUP Act of 2023 (S. 2190); Group-of-plans consolidated audit; NDAA issues related to conflicts of interest; Issues related to Artificial Intelligence (AI) accountability and attest; Independence of accounting standard setting.

Client expense: $1,350,000 · Firm income: Not reported

Issues impacting the accounting and auditing profession; PCAOB matters, including disciplinary proceedings, legislation related to the Sarbanes Oxley Act sec. 404(b) (H.R. 2603), Holding Foreign Companies Accountable Act, The Trusted Foreign Auditing Act of 2023 (H.R. 6769 / S. 3494), and proposed amendments to Auditing Standards related to a Companys noncompliance with Laws and Regulations; Implementation of the Corporate Transparency Act; Anti-money laundering provisions including gatekeeper requirements; Independence of accounting standard setting; Digital assets and crypto currency draft legislation; RECOUP Act of 2023 (S. 2190); NDAA issues related to conflicts of interest; Issues related to Artificial Intelligence (AI) accountability and attest.

Client expense: $60,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Support for continued investor protections under Sarbanes-Oxley; Issues impacting the accounting and auditing profession; Independence of accounting setting; PCAOB matters, including disciplinary proceedings; Holding Foreign Companies Accountable Act, The Trusted Foreign Auditing Act of 2023 (H.R. 6769/S. 3494); Anti-money laundering provisions including gatekeeper requirements; Digital assets and cryptocurrency draft legislation; RECOUP Act of 2023 (S. 2190).

Client expense: $830,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues impacting the accounting and auditing profession, investor protection, and corporate governance and disclosures; issues related to P.L. 107-204, the Sarbanes-Oxley Act, including S.865, the PCAOB Enforcement Transparency Act of 2023, S.3494/H.R.6769, the Trusted Foreign Auditing Act of 2023, and similar legislation; implementation of provisions of the Corporate Transparency Act of 2019 enacted as part of P.L. 116-283; issues related to anti-money laundering proposals; independence of accounting standard setting; general issues related to the implementation of P.L. 116-222 the Holding Foreign Companies Accountable Act; issues related to the regulation of digital assets; issues related to artificial intelligence and accountability mechanisms.

Client expense: $480,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues impacting the accounting and auditing profession; Anti-money laundering provisions including gatekeeper requirements; PCAOB matters, including disciplinary proceedings, Holding Foreign Companies Accountable Act, The Trusted Foreign Auditing Act of 2023 (H.R. 6769 / S. 3494), and proposed amendments to Auditing Standards related to a Companys noncompliance with Laws and Regulations; RECOUP Act of 2023 (S. 2190); NDAA issues related to conflicts of interest; Issues related to Artificial Intelligence (AI) accountability.

Client expense: Not reported · Firm income: $40,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues impacting the accounting and auditing profession; PCAOB matters, including disciplinary proceedings, Holding Foreign Companies Accountable Act, The Trusted Foreign Auditing Act of 2023 (H.R. 6769 / S. 3494), and proposed amendments to Auditing Standards related to a Companys noncompliance with Laws and Regulations; Implementation of the Corporate Transparency Act; Anti-money laundering provisions including gatekeeper requirements; SEC custody rule updates; ECIP clarification on auditor controls attestation requirement; Digital assets and crypto currency draft legislation; RECOUP Act of 2023 (S. 2190); Group-of-plans consolidated audit; NDAA issues related to conflicts of interest; Issues related to Artificial Intelligence (AI) accountability; Independence of accounting standard setting.

Client expense: $1,270,000 · Firm income: Not reported

PCAOB legislation relating to whistleblower, information sharing, disciplinary proceedings, including S. 865: The PCAOB Enforcement Transparency Act of 2023 and S. 811: SEC Whistleblower Reform Act of 2023 Implementation of Holding Foreign Companies Accountable Act, the Accelerated Holding Foreign Companies Accountable Act, and other related China oversight, including the Trusted Foreign Auditing Act of 2023 (H.R. 6769 / S. 3494) and other related draft legislation. Establishing New Authorities for Businesses Laundering and Enabling Risks to Security (ENABLERS) Act, passed in the 117th Congeress (Contained in H.R. 7900: The National Defense Authorization Act for FY 2023) ESG/Climate Disclosure Proposals Independence of Accounting Standard Setting H.R. 2670; the National Defense Authorization Act for FY 2024, issues related to DoD contractor conflicts of interest S. 1045 and H.R. 2972: Failed Bank Executives Clawback Act (Section 2 (9)(B)), S. 2190: RECOUP Act (Recovering Executive Compensation Obtained from Unaccountable Practices Act of 2023) PCAOB Release No. 2023-003 (NOCLAR) H.R.3541 - Accounting STEM Pursuit Act of 2023

Client expense: $550,000 · Firm income: Not reported

Issues impacting the accounting and auditing profession; PCAOB matters, including disciplinary proceedings, Holding Foreign Companies Accountable Act, The Trusted Foreign Auditing Act of 2023 (H.R. 6769 / S. 3494), and proposed amendments to Auditing Standards related to a Companys noncompliance with Laws and Regulations; Implementation of the Corporate Transparency Act; Anti-money laundering provisions including gatekeeper requirements; Independence of accounting standard setting; Digital assets and crypto currency draft legislation; RECOUP Act of 2023 (S. 2190); NDAA issues related to conflicts of interest.

Client expense: $60,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE