News & Analysis as of

Audits

Constangy, Brooks, Smith & Prophete, LLP

The Eve of Destruction: 5 things to know about saving old E-Verify records before it’s too late

The U.S. Citizenship and Immigration Services recently announced that it will permanently dispose of E-Verify records that were last updated on or before December 31, 2014. Employers using E-Verify should be aware of these...more

Jackson Lewis P.C.

Key Requirements of OFCCP’s New Audit Scheduling Letter for Construction Contractors

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The Office of Federal Contract Compliance Programs (OFCCP) released a revised Scheduling Letter and Itemized Listing for construction contractors on Oct. 2, 2024, that will require contractors to provide significantly more...more

Greenbaum, Rowe, Smith & Davis LLP

New Senate Bill Seeks to Amend HIPAA with Mandatory Minimum Healthcare Cybersecurity Standards

On September 26, 2024, the Health Infrastructure Security and Accountability Act was introduced in the U.S. Senate. The bill would amend the Health Insurance Portability and Accountability Act (HIPAA) and direct the U.S....more

Mintz - Antitrust Viewpoints

Led by DOJ, Federal Agencies Convene to Coordinate Safeguarding Civil Rights from AI-Related Harms — AI: The Washington Report

On October 9, the Department of Justice’s (DOJ) Civil Rights Division convened the heads of federal agency civil rights offices to discuss and promote coordination around preventing harms that may stem from AI, including...more

Walkers

Obligation for independent AML Audits under the Anti Money Laundering Regulations – What you need to know

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Conducting an independent AML audit at a frequency based on the nature, scale and complexity of the entity is a requirement under the AML Regulations. AML audits are an important component of the control environment to...more

WilmerHale

PCAOB Inspection Findings Offer Valuable Reminders About Auditor Independence

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Auditor independence has long been a foundational element of audit quality, and recent findings from the Public Company Accounting Oversight Board (PCAOB) underscore the importance of auditor independence and the need to be...more

Carey Olsen

Bermuda investment funds – autumn 2024 update

Carey Olsen on

Our investment funds team outline the latest developments within the investment funds market in Bermuda, addressing the recent statistics from Q2 2024 published by the Bermuda Monetary Authority (the "BMA") as well as the...more

Ankura

Ensuring Compliance With Data Privacy Regulations: The Role of e-discovery Services in the Indian Landscape

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In today's digital era, the volume of electronic data generated by organizations is staggering. For law firms conducting due diligence, managing this data while ensuring compliance with stringent data privacy regulations is a...more

Allen Barron, Inc.

IRS Revisions to the Voluntary Disclosure Program for 2024

Allen Barron, Inc. on

What are the IRS revisions to the Voluntary Disclosure Program for 2024? The foundation of the current IRS Voluntary Disclosure Program (VDP) goes as far back as 2009 when the agency worked to provide U.S. taxpayers with a...more

Proskauer - Regulatory & Compliance

Sanctions Considerations for Private Equity Firms – a few practical tips

Private equity firms could face significant sanctions risks when doing business with entities connected to sanctioned jurisdictions (such as Russia)...more

Fisher Phillips

Year-End Reviews Pair Well with a Pay Equity Audit: A 4-Step Plan for Employers

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Many employers are now turning to the year-end performance review process and making decisions about bonuses, raises, and incentives for employees — which makes this an ideal time to audit your pay practices and fix any...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

OSH Law Primer, Part X: Voluntary Safety and Health Self-Audits

This is the tenth installment in a series of articles intended to provide the reader with a very high-level overview of the Occupational Safety and Health (OSH) Act of 1970 and the Occupational Safety and Health...more

Buchalter

U.S. Department of Labor Issues Guidance on Avoiding Discrimination When Using AI in Hiring

Buchalter on

AI in hiring: About 80% of U.S. and almost all Fortune 500 companies use AI-powered hiring software. AI may be used to target online advertising for job opportunities and to match candidates to jobs on employment platforms...more

Walkers

The Benefits of Using Guernsey Companies

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Guernsey companies are extremely popular, and are used for a wide variety of purposes. Guernsey companies can be incorporated quickly and a large number of corporate services providers offer day-to-day administration...more

Womble Bond Dickinson

Preparing For the Return of Dealer Distress

Womble Bond Dickinson on

Over the last five years, auto and equipment dealers experienced a period of low inventory levels with high margins on the limited inventory they had for sale and lease. Used automotive and equipment wholesale and retail...more

Jackson Lewis P.C.

OFCCP Releases Revised Construction Scheduling Letter

Jackson Lewis P.C. on

As its first official act of the 2025 Fiscal Year, OFCCP announced the release of a revised Scheduling Letter and Itemized Listing for Construction contractors. The release follows the Agency’s February 2024 publication of...more

Husch Blackwell LLP

Hospice Insights Podcast - What's the Latest on UPICs? Highlights From Recent Audit Activity, Part II

Husch Blackwell LLP on

UPIC activity is picking up, and the UPICs are reviving some old tactics. In this episode, Husch Blackwell’s Meg Pekarske and Bryan Nowicki continue the discussion on these trends which include extrapolation, Medicaid nursing...more

Akin Gump Strauss Hauer & Feld LLP

Senate Leaders File NDAA Package with AI Provisions, Setting the Stage for Lame Duck Negotiations

On September 20, 2024, Senate Armed Services Committee (SASC) Chair Jack Reed (D-RI) and Ranking Member Roger Wicker (R-MS) filed a managers package to the SASC-passed version of the fiscal year (FY) 2025 National Defense...more

Faegre Drinker Biddle & Reath LLP

New California Law Imposes Transparency Requirements About Employers’ Child Labor Practices

On September 22, 2024, California Gov. Gavin Newsom signed Assembly Bill (AB) 3234 into law, which imposes transparency requirements for employers who audit their child labor practices. The bill will take effect on January 1,...more

Mandelbaum Barrett PC

Adapting to New Business Legislation: What You Need to Know

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After surveying compliance professionals across industries, Thomson Reuters found that 76% of businesses in North America and abroad encounter significant legal challenges related to compliance. Additionally, many of these...more

Fox Rothschild LLP

8 Tips to Give Your Confidentiality Agreements Teeth (In a Post-Non-Compete World)

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An employee with access to customer lists and other key business information leaves the company. You want to enforce your confidentiality agreement, but with the recent restrictions on non-competition/non-solicitation...more

Pillsbury Winthrop Shaw Pittman LLP

From AI Doomers to E/Accs: How SB 1047 and the 38 AI Laws in California Are Shaping Future AI Law

California’s Safe and Secure Innovation for Frontier Artificial Intelligence Models Act is one of the first significant regulations of artificial intelligence in the United States that, if signed, would place liability on the...more

The Volkov Law Group

Supply Chain Sanctions Liability — The Importance of Supply Chain Audits (Part III of IV)

The Volkov Law Group on

Global companies face significant risks in their supply chains of compliance with OFAC’s economic sanctions regime.  OFAC has emphasized the importance of conducting supply chain risk assessments and audits....more

Rumberger | Kirk

How to Steer Clear of Employee Retention Credit Fraud

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Orlando firms need to make sure they aren’t among the thousands of U.S. businesses that potentially were tricked by scams to inadvertently file fraudulent employee retention credit claims — something punishable by fines and...more

Allen Barron, Inc.

The Statute of Limitations for an IRS Audit

Allen Barron, Inc. on

What is the statute of limitations for an IRS audit? What rules extend the window for an IRS audit? How long does the IRS usually have to complete an audit of your taxes? Everyone may have a little fear in the back of...more

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