In the ever-evolving landscape of finance, where transactions occur at lightning speed and volumes are staggering, the battle against financial fraud has become increasingly complex. Traditional methods of fraud detection are often…
Confidential Treatment Applications Submitted Pursuant to Securities Act Rule 406 and Exchange Act Rule 24b-2
The SEC Division of Corporation Finance published CF Disclosure Guidance: Topic No. 7 to address how and what to submit when filing an application objecting to public release of information otherwise required…
Unlocking transparency: Exploring the PCAOB’s “AuditorSearch” and its impact on public company audits
AuditorSearch – a comprehensive public database of engagement partners and audit firms participating in audits of U.S. public companies launched by the PCAOB in 2017 – plays a pivotal role in promoting…
Employee or Independent Contractor: DOL issues new guidance
On January 10, 2024, the U.S. Department of Labor published a final rule, effective March 11, 2024, revising the Department’s guidance on how to analyze who is an employee or independent contractor…
The dilemma of artificial intelligence: Navigating the ethical labyrinth
Artificial Intelligence (AI) has emerged as a transformative force, promising to revolutionize industries, enhance efficiency, and improve our daily lives. However, this rapid evolution raises ethical concerns that demand careful consideration. The…
Climate migration: Navigating the global challenge
Climate change is one of the most pressing issues of our time, with far-reaching consequences that extend beyond environmental concerns. One significant impact is the phenomenon of climate migration, as changing climate…
IRS modifies Rev. Proc. 2023-24 on obtaining automatic consent to change methods of accounting
The IRS released Revenue Procedure 2024-09 that modifies sections 7 and 19 of Rev. Proc. 2023-24 to provide procedures under § 446 and § 1.446-1(e) to obtain automatic consent of the Commissioner to…
FinCEN issues final rule regarding access to beneficial ownership information
On December 21, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) took another major step in support of U.S. Government efforts to crack down on illicit finance and enhance…
Income taxes: 2024 Filing season – what’s new and what to consider
The Internal Revenue Service (IRS) is urging taxpayers to take important actions now to help them file their 2023 federal income tax return next year. The Get ready page on IRS.gov outlines steps taxpayers…
Who audits the auditors: Private company auditors oversight
The auditing process plays a crucial role in maintaining financial transparency and accountability within businesses. Whether a company is publicly traded or privately held, the role of auditors is significant in ensuring…