April 2020 COVID-19 is affecting all aspects of business operations. In addition to the disruptions in day to day activities, the circumstances, requirements and deadlines for financial reporting continue to evolve. Effective dates for implementation of many regulatory updates have been delayed and auditors’ ability to gather evidence and perform the fieldwork associated with issuing [...]
September 2011 Undocumented workers in the United States received refundable tax credits totaling $4.2 billion in 2010, an amount which is dramatically higher than occurred previously. An audit by the Treasury Inspector General for Tax Administration recommended changes in how these payments are made. The IRS dismissed the recommendations, saying (without support) that they did [...]
May 2006 This month, the National Association of Securities Dealers (NASD) filed with the Securities and Exchange Commission (SEC) changes to its Code of Arbitration Procedure. The changes are intended to simplify and reorganize the language/rules. The proposal makes the following changes: Divides the current Code into three separate codes: the Customer Code, the Industry [...]
March 2009 Last week, the American College of Trial Lawyers (ACTL) and The Institute for the Advancement of the American Legal System at the University of Denver issued a final report that proposes dramatic changes to the federal and state court systems. The report is based on surveys sent to the 3,812 Fellows of the [...]