ArticleLast Week's Budget Bill Drastically Changed The Audit Rules For PartnershipsThe Bipartisan Budget Act of 2015 ..United StatesTaxLowndes
ArticleFocus On Tax Controversy And Litigation - February 2016The Bipartisan Budget Act of 2015 (the "BBA"), which was signed into law in November 2015, includes sweeping changes to the rules governing federal tax audits of entities treated as partnerships...United StatesTaxA&O Shearman
ArticleLast Week's Budget Bill Drastically Changed The Audit Rules For PartnershipsLast week, President Obama signed into law the Bipartisan Budget Act of 2015.United StatesTaxLowndes
ArticleLights, Camera, Audit: High-Income Taxpayers, Partnerships, Corporations, And Promoters Headline Recently Announced IRS Enforcement PrioritiesThe Inflation Reduction Act of 2022 (IRA), passed into law on August 16, 2022, represented a shift in the world of U.S. federal tax enforcement. This shift—or as most might suggest...United StatesTaxWinston Taylor
ArticleDOL Releases Cybersecurity Best Practices Guidance For Protecting Retirement BenefitsFor the first time, the U.S. Department of Labor's (DOL) Employee Benefits Security Administration (EBSA) has released cybersecurity guidance aimed at protecting workers' retirement benefits.United StatesTechnologyHolland & Knight
ArticleNYC Soon To Enforce AI Bias Law, Other Jurisdictions Likely To FollowNew York City's Department of Consumer and Worker Protection (DCWP) is expected to begin enforcing the City's novel artificial intelligence (AI) bias audit law on July 5, 2023.United StatesTechnologyWilmerHale
ArticleAccelerated Filing Deadlines for Quarterly and Annual Reports and Disclosure Concerning Website Access to ReportsUnited StatesAccounting and AuditBingham McCutchen
ArticleCAMs May Be Coming, But In The EU, KAMs Have Already ArrivedEssentially, the concept is intended to capture the matters that kept the auditor up at night, so long as they meet the standard's criteria.United StatesAccounting and AuditCooley LLP
ArticleCenter For Audit Quality Publishes Roadmap Of Non-GAAP Financial Measures For Audit CommitteesOn 16 March 2018, the Center for Audit Quality (CAQ) published Non-GAAP Measures: A Roadmap for Audit Committees (Roadmap) to serve as a guide to audit committees on advancing their oversight and involvement ...United StatesAccounting and AuditA&O Shearman
ArticleDelaware Department Of State's Latest Round Of Unclaimed Property VDA InvitationsThe Delaware Secretary of State will send approximately 200 unclaimed property voluntary disclosure agreement invitations to Delaware incorporated companies throughout the United States within the next few days.United StatesAccounting and AuditDuff and Phelps
ArticleDeloitte Looks At First Round Of CamsAS 3101, the new auditing standard for the auditor's report that requires disclosure of critical audit matters, is effective for audits of large accelerated filers for fiscal years endingUnited StatesAccounting and AuditCooley LLP
ArticleDrafting And Negotiating Effective Audit ProvisionsDrafting an effective audit provision in a legal contract is essential to ensuring both transparency and accountability in business relationships.United StatesAccounting and AuditOutside GC
ArticleDue Diligence Can Avert Issues With Retirement PlansEmployers who run retirement plans should periodically do system-wide due diligence to make corrections. Errors happen, from simple clerical mistakes to systematic failures in the record-keeping system.United StatesAccounting and AuditGrant Thornton LLP
ArticleFASB Revises The Definition Of A Business In U.S. GAAPThe change is expected to reduce the number of transactions that qualify as business combinations versus routine deals involving assets.United StatesAccounting and AuditBrown Smith Wallace
ArticleHEERF Audit Guide And Webinar Recording Now AvailableOn March 31, 2021, the U.S. Department of Education's Office of Inspector General published its "Guide for Compliance Attestation Engagements of Proprietary Schools Expending Higher Education...United StatesAccounting and AuditThompson Coburn LLP
ArticleHow Long Does It Take To Resolve A BSA Audit?Receiving a BSA audit letter demanding that a company perform an internal audit or face potential litigation usually results in disruption of normal business activities.United StatesAccounting and AuditKirkpatrick Law PC
ArticleIs Your 501(c)(3) Audit-Ready?In the wake of the Trump Administration's recent scrutiny of various nonprofit organizations, including Harvard University, and threats to revoke organizations' tax-exempt status...United StatesAccounting and AuditCrowell & Moring LLP
ArticlePCAOB Requests Public Comment On Strategic Priorities In First Open Meeting Under Chairman LogothetisAt its first open meeting under newly appointed Chairman Demetrios (Jim) Logothetis, the Public Company Accounting Oversight Board (the “PCAOB” or the “Board”)...United StatesAccounting and AuditWilmerHale