ArticleFASB To Modify Going Concern ProposalRecently, the FASB tentatively decided to require disclosure regarding a substantial doubt about an entity’s ability to continue as a going concern. United StatesAccounting and AuditMorgan Lewis
ArticleNew Guidance Issued On Conflict Minerals AuditsThe American Institute of CPAs recently issued additional guidance for CPAs who perform the independent private sector audit required by the SEC when a company issues a conflict minerals report. United StatesAccounting and AuditMorgan Lewis
ArticleSEC Staff’s Regulation S-K Study May Lead to Financial Reporting Requirements ReformThe SEC staff recently issued a report on its review of Regulation S-K, which was required by section 108 of the JOBS Act, the 2012 law that was enacted to increase U.S. job creation and economic growth by improving access to the public capital markets for emerging growth companies.United StatesAccounting and AuditMorgan Lewis
ArticleCalifornia Bans Nondisparagement Clauses In Consumer ContractsThe "Yelp" Bill impacts any entity or person doing business with consumers in California.United StatesConsumer ProtectionMorgan Lewis
ArticleDelaware Secretary Of State's Office Closing For Four Days During US Labor Day HolidayWe strongly urge our clients to consider closing dates, lien lapses, and other filings or deadlines.United StatesCorporate/Commercial LawMorgan Lewis
ArticleSummary Of ISS 2018 Americas Proxy Voting Guidelines Specific To US Public CompaniesThe updated ISS guidelines are effective for meetings on or after February 1, 2018.United StatesCorporate/Commercial LawMorgan Lewis
ArticleNew York City Mayor Signs Law Barring Inquiries Into Applicants' Pay HistoryNew legislation effective October 31, 2017 prohibits employers from asking New York City job applicants about their past compensation and benefits.United StatesEmployment and HRMorgan Lewis
ArticleDC Circuit Affirms FERC Decision On MISO Cost AllocationThe US Court of Appeals for the District of Columbia denied challenges to Federal Energy Regulatory Commission orders that rejected a Midcontinent Independent System Operator (MISO) ....United StatesEnergy and Natural ResourcesMorgan Lewis
ArticleDepartment Of Transportation Kicks Tires On EV Programs Under New Infrastructure LawThe US Department of Transportation's Federal Highway Administration (FHWA) recently issued a notice seeking public comment on two new electric vehicle (EV) programs that will receive funding under the...United StatesEnergy and Natural ResourcesMorgan Lewis
ArticleDOE May Be Considering Mandatory Purchases To Support ‘Fuel-Secure' Generation For 24 MonthsThe White House announced late last week that President Donald Trump has directed Energy Secretary Rick Perry to "prepare immediate steps to stop the loss" of "fuel-secure power facilities," ...United StatesEnergy and Natural ResourcesMorgan Lewis
ArticleExtension Of Fiduciary Rule Transition Period Likely Official End Of NovemberOn November 1, the White House Office of Management and Budget (OMB) received a much-anticipated notice from the US Department of Labor (DOL) named "18-Month Extension of Transition Period...United StatesFinance and BankingMorgan Lewis
ArticleOCR Announces First HIPAA Settlement With Wireless Health Services ProviderThe $2.5 million settlement reflects the agency's focus on mobile health privacy.United StatesFood, Drugs, Healthcare, Life SciencesMorgan Lewis
ArticleSurprise! Texas District Court Strikes Down Portions Of No Surprises ActIn the case of Texas Medical Ass'n, et al. v. US Department of Health and Human Services, et al., the US District Court for the Eastern District of Texas on February 23 invalidated portions of...United StatesFood, Drugs, Healthcare, Life SciencesMorgan Lewis
ArticleProposed Rule To Benefit Certain Immigrant Startup EntrepreneursUSCIS published an advance copy of a proposed rule that would extend discretionary parole to certain international entrepreneurs to allow them to establish new businesses in the United States.United StatesImmigrationMorgan Lewis
ArticleSignificant Change To US Department Of State Visa BulletinIt is our understanding that the State Department intends to create two separate categories of cut-off dates, both of which would be reflected in each monthly Visa Bulletin. United StatesImmigrationMorgan Lewis
ArticleBillboard Tax Imposed On New York City’s Commercial RentersCompanies with ads on New York’s billboards may find that tax collectors are their first customers.United StatesTaxMorgan Lewis
ArticleIRS Proposes Regulations Regarding Hardship WithdrawalsThe US Internal Revenue Service has released proposed regulations requiring retirement plans to eliminate the six-month suspension for hardship withdrawals made on and after January 1, 2020...United StatesTaxMorgan Lewis
ArticleTax Reform Bill Proposes To Eliminate UBTI Exemption For Government PlansHouse bill, if enacted, will alter tax analysis with respect to fund investments.United StatesTaxMorgan Lewis
ArticleSASB And IIRC Agree To Memorandum Of UnderstandingTwo private sector organizations will likely have a greater impact on disclosures by public companies now that they have entered into a Memorandum of Understanding.United StatesAccounting and AuditMorgan Lewis
ArticleThe Increased Focus On Audit CommitteesRegulators and others have been increasing their focus on audit committee performance, noting the importance of the committees to the credibility of financial statements.United StatesAccounting and AuditMorgan Lewis