Mortgage fraud is a significant contributing factor to the subprime mortgage meltdown and the ensuing global credit crisis.

The new assessment standards are deliberately designed to protect privately held companies from risks associated with the increasingly complex activities of the 21st century — e-commerce, global competition, and outsourcing of business operations overseas — as well as errors in judgment or fraud among management. Author Craig Funkhouser explains how the eight new standards will affect companies’ documentation procedures for audits and why the biggest audit overhaul in the past 30 years was neces

The United States is stepping up its enforcement of the Foreign Corrupt Practices Act of 1977 (FCPA), and violations of the act carry steep fines and other penalties.

Attorneys who serve individuals or companies with international operations should be aware of the recent focus by the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) on violations of the "Foreign Corrupt Practices Act" (FCPA).

Financial statement fraud can have severe consequences. In examining financial statements, professional investigators often focus their attention on certain red flags

In today’s rapidly shifting market, financial institutions, investors, and legal and financial advisers need to be aware of the financial issues related to subprime lending and mortgage-backed securities.

On Dec. 4, 2007, the Financial Accounting Standards Board (FASB) issued FASB Statement of Financial Accounting Standards No. 141 (revised 2007), "Business Combinations" (FAS 141(R)),1 a replacement of FASB Statement No. 141.

In litigation associated with intellectual property (IP) — patents, trademarks, copyrights, and trade secrets — management’s and counsel’s attention may be directed more to the liability dimension of a case than to the issue of damages.