On June 3, 2022 all of the parties in the Sunrise Firefighters' security class action suit against Oracle filed a notice with the court announcing that they had reached a settlement.

The HHS Office for Civil Rights released, at the end of last year, findings from audits it conducted in 2016 and 2017 of 166 covered entities and 41 business associates.

Congress enacted Sarbanes-Oxley in the aftermath of a substantial number of high-profile accounting scandals that started to emerge in 2001. The stated objective of Sarbanes-Oxley is to restore the public’s confidence in corporate governance. A provision of that law requires CEOs and CFOs of publicly-traded corporations to attest that their companies have "proper internal controls."

In another potential challenge to longstanding assumptions about the nature of the relationship between companies and workers, the Treasury Department announced plans this month to study closely the standards, practices, and tax treatment currently applied to independent contractor work arrangements.

The IRS announced Friday that it has selected 50 companies to get a special 409A audit.

You may have recently heard news reports that the IRS will begin subjecting individuals' contributions to IRC Section 501(c)(4) organizations - commonly known as social welfare organizations -- to gift tax (currently set at 35%).

The Accounting Directive has been amended by a directive dealing with the disclosure of non-financial and diversity information by certain large companies and groups.

The SEC recently approved the PCAOB’s proposed standards and amendments to establish auditing and attestation standards applicable to audits of brokers and dealers registered with the SEC.

There is a myriad of information relevant to Accountants' Liability matters. It can be time consuming and confusing finding the relevant authoritative guidance.

An accounting firm agreed to pay nearly $150 million to the U.S. government to settle potential liability related to the audits of a failed mortgage lender.

A frequent area for SEC staff comment involves the way in which a company reports its segments in its financial statements filed with the SEC.

The Federal Reserve Board, the Office of the Comptroller of the Currency ("OCC"), the FDIC and the National Credit Union Administration updated its FAQ on the new credit losses accounting standard.

On May 28, 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers.

On 12 November 2018, the Department for Business, Energy and Industrial Strategy Committee (the "BEIS Committee") launched an inquiry into the future of audit,

Most BSA Audits begin with a report from a disgruntled employee or former employee.

Last week, the Center for Audit Quality released two new resources—an updated Guide to Internal Control over Financial Reporting and a new Tool for Audit Committees: Preparing for the New Credit Losses Standard.