Crime Novelist Wins $51 Million From Accounting Firm
The world may be getting smaller, but the number of ways various countries approach confidentiality is growing. A mosaic of disparate regulations should give any auditor or accountant pause when providing services for clients...more
A now retired Deloitte & Touche LLP partner settled charges that he violated the auditor independence rules, engaged in improper professional conduct and caused a firm audit client to violate Exchange Act Section 13(a). The...more
Loss of Confidential Electronic Data: New Risks for Financial Professionals -
Recent highly publicized incidents of "hacking" of sensitive customer information should cause accountants and other financial professionals...more
In This Issue:
- Offshore Disclosure Programs—A Trap for CPAs?
- Superior Court Imposes Sanctions for Withholding Documents in Discovery
- Expert Witness Faces Personal Liability for Professional Malpractice
I don’t want to keep harping on the investment adviser custody rule. Look, I mean, SEC CustodyFest was fun, but we’re not going back in that depth. Someday maybe, but not today. But I’m going to harp a little bit. Because...more
On September 19 and 20, 2013, the American Law Institute presented its annual course, Accountants’ Liability: Managing Risks in a Changing Environment. One highlight of the conference was a Public Company Accounting...more
With companies soon facing new enterprise risk and corporate governance requirements, this alert discusses whether companies are prepared for state implementation and outlines new NAIC actions relating to conducting an...more
Once upon a time an independent accounting firm learned from a law enforcement source that its publicly traded client and two of its directors had committed illegal acts of a serious nature. ...more
May 21 (Bloomberg) -- Joan Lukey, partner at Ropes & Gray LLP, talks with Bloomberg Law's Spencer Mazyck about her successful representation of best-selling crime writer Patricia Cornwell in a highly-publicized lawsuit...more
We have been keeping track of FinCEN's SAR Activity Review – Trends, Tips & Issues virtually from its inception.
In its just issued May 2013 report, FinCEN provides new information regarding two areas of importance:
On March 3, 2013, Marcum LLP, a professional services firm that specializes in forensic accounting and financial litigation support services, filed a Fifth Amendment takings claim in the U.S. Court of Federal Claims for the...more
Merger activity among accounting firms has grown significantly of late. Allan D. Koltin, CEO of Koltin Consulting Group, commented that “2012 was another record year for CPA firm M&A. It represents the fifth consecutive year...more
Legal advice privilege has seized the focus of attention yet again, as a result of the UK Supreme Court’s decision in Prudential delivered on 23 January 2013. In overview, Prudential sought to withhold documents including...more
This is the last installment of my three party series regarding Occupational Fraud. One can never lose focus on what I consider the key question as they enter or play within the international arena: What are the...more
The Supreme Court this week handed down judgment in the case of R (on the application of Prudential plc and another) v Special Commissioner of Income Tax and another, confirming that legal advice privilege does not extend to...more
Legal advice privilege applies only to lawyers and does not extend to tax advice provided by accountants, the United Kingdom Supreme Court (formerly the House of Lords) confirmed in its first judgment of 2013: R (on the...more
Downton Abbey… or the U.K. Supreme Court’s latest case on privilege law?
One of these will come up sometime soon at a social event.
“The public has the right to every person’s evidence,” said Supreme Court of ...more
In an eagerly awaited decision of the U.K. Supreme Court in the case of R (on the Application of Prudential plc and Another) v. Special Commissioner of Income Tax and Another,  UKSC 1, legal advice...more
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