The correction was published in the Federal Register.

FINRA notified members that it will assess and collect an accounting support fee of $10,022,000 to fund the current annual budget of the Governmental Accounting Standards Board.

FINRA notified members that it will assess $8,935,500 to fund the annual budget of the Governmental Accounting Standards Board ("GASB").

On July 8, 2013 the full House of Representatives passed by a large, bipartisan margin the bill (previously reported on June 20) to prohibit the Public Company Accounting Oversight Board from requiring mandatory auditor rotation.

Inflation and challenging labor markets continue to present financial challenges to physician practices. Leadership decision-making and action-taking in response to financial results...

Attorney David C. Tingstad explores the critical role of EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) in determining business valuation within Washington State. This webinar examines how this financial metric serves as a foundational tool for establishing fair market value in business transactions and legal proceedings. Understanding EBITDA's application can significantly impact negotiations, sales, and dispute resolutions involving business worth.

Hogan Lovells' global team of securities and professional liability lawyers is uniquely positioned to monitor legal developments across the globe that impact accountants' liability risk.

Hogan Lovells' global team of securities and professional liability lawyers is uniquely positioned to monitor legal developments across the globe that impact accountants' liability risk.

Here, the plaintiff claimed that the adoption of pushdown accounting constituted a change to accounting rights that triggered a right to consent under the relevant operating agreement.

An accountant served with a subpoena must understand that it is a legal document that comes with significant risk. However, there are procedures for responding to subpoenas to minimize that risk...

The Financial Accounting Standards Board ("FASB") requested comments on a proposed "Accounting Standards Update" aimed at easing potential accounting burdens on loan market participants

Rebecca Gelozin's (Partner-White Plains, NY) discusses what accountants should do when subpoenaed.

Kevin Shaftan (Associate-New York, NY) discusses the Corporate Transparency Act and the Beneficial Ownership Information (BOI) reporting deadlines and how accountants can use them to defend against professional liability claims.

In this episode, Jason Crawford, Agustin Orozco, and Erin Rankin look back at one of the more noteworthy settlements of 2023—the $377M settlement by Booz Allen Hamilton to resolve...

On November 7, 2024, the PCAOB posted the agenda for its Standards and Emerging Issues Advisory Group meeting, which will take place on November 12 at 9:00 a.m. ET and will be livestreamed on the PCAOB's website.

View Shirley Karasick's (Associate-New York, NY) video as she covers recommended practices for creating an engagement letter, as well as what accountants should consider from a risk management standpoint.

SEC Division of Enforcement Chief Accountant Michael Maloney will leave the agency next month.

The SEC named Kyle Moffatt as Chief Accountant in the Division of Corporation Finance (the "Division").

The Office of the Comptroller of the Currency, the Federal Reserve Board and the FDIC adopted a rule to provide banking organizations with the option to "phase in over a three-year period the day-one" regulatory capital...

Financial institutions are experimenting with and implementing robotic process automation (RPA) solutions to improve the customer experience and speed up manual processes.