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Verrill

“If I’ve told you once, I’ve told you eight times…” HHS OIG Issues Another Audit Report on Hospitals’ Failure to Report Credits...

Verrill on

Each year, the U.S. Department of Health and Human Services (HHS) Office of Inspector General (OIG) issues dozens of audit reports. While each is important in its own way, some stand out with language that appears to reflect...more

Skadden, Arps, Slate, Meagher & Flom LLP

Form 20-F for Fiscal Year 2019: What Foreign Private Issuers Should Keep in Mind

There have been significant recent developments in U.S. Securities and Exchange Commission (SEC) regulation of foreign private issuers, (FPIs) including changes that impact the annual report on Form 20-F for fiscal year 2019....more

Stinson - Corporate & Securities Law Blog

Will All Audit Reports Include CAMs?

A question some ponder is whether all audit reports will include a discussion of critical audit matters, or CAMs. The answer is “yes” if you consider the 11 audit reports issued by the Big 4 on and after August 1 for large...more

Cooley LLP

Blog: PCAOB offers help for audit committees about CAMs

Cooley LLP on

The PCAOB has just released a new resource for audit committees about critical audit matters, designed to “inform audit committees as they engage with their auditors on the new CAM requirements.” The new auditing standard for...more

Stinson - Corporate & Securities Law Blog

PCAOB Provides Guidance on Communications of CAMs

The PCAOB posted to its website a staff guidance document, A Deeper Dive on the Communication of CAMs, developed to support implementation of the new critical audit matter requirements....more

WilmerHale

PCAOB Expands CAMs Guidance

WilmerHale on

Last week, the Public Company Accounting Oversight Board published new staff guidance to support implementation of the impending critical audit matters (CAMs) disclosure requirements, which first become effective later this...more

Cooley LLP

Blog: CAQ discusses lessons learned from “dry runs” on critical audit matters and related questions for audit committees

Cooley LLP on

As you may recall, auditors of large accelerated filers will be required to report on CAMs—critical audit matters—in their auditor’s reports for fiscal years ending on or after June 30, 2019 and in auditor’s reports for all...more

Stinson - Corporate & Securities Law Blog

The First CAM

The critical audit matter communicated here is a matter arising from the current period audit of the financial statements that was communicated or required to be communicated to the audit committee and that: (1) relates to...more

Orrick - Trade Secrets Group

Upon Reflection, Some Trade Secrets May Be Less Secret Than They Appear

A recent case in Florida is a reminder that when dealing with government entities, trade secrets may be disclosed to the public, especially if that information has been aggregated. ...more

Cohen & Gresser LLP

Year-End Public Company Reporting Update

Cohen & Gresser LLP on

With Halloween and Thanksgiving, thoughts naturally turn to year end reporting obligations. Here’s a brief summary of some changes in reporting requirements that will affect U.S. public companies in the coming year, as well...more

Akin Gump Strauss Hauer & Feld LLP

SEC Approves New PCAOB Auditing Report Standard

On October 23, 2017, the Securities and Exchange Commission (“SEC”) unanimously approved (the “Approval Release”) the Public Company Accounting Oversight Board’s (“PCAOB”) proposal to adopt a new auditing standard, AS 3101,...more

Sheppard Mullin Richter & Hampton LLP

Sec Approves New Audit Reporting Standard Requiring Auditors to Disclose More Detailed Information Learned During the Audit

On October 23, 2017, the Securities and Exchange Commission approved the Public Company Accounting Oversight Board’s (“PCAOB”) proposal to adopt a new auditing standard, AS 3101....more

Bradley Arant Boult Cummings LLP

SEC Approves Expanded Auditor’s Report

For better or worse, auditors' reports at public companies are going to become more interesting. How this will impact interactions between auditors, companies, audit committees and shareholders is not yet clear. ...more

Ballard Spahr LLP

SEC Approves New Standards for Independent Auditors

Ballard Spahr LLP on

The U.S. Securities and Exchange Commission (SEC) announced Monday that it will now require publicly traded companies to disclose remarks or inquiries made by independent auditors regarding critical audit matters....more

Stinson - Corporate & Securities Law Blog

SEC Approves PCAOB’s Changes to Audit Reports

The SEC has approved the Public Company Accounting Oversight Board’s (“PCAOB”) new standard for audit reports on public company financial statements. The new auditor reporting standard will require more information about the...more

Stinson LLP

SEC Approves PCAOB's Changes to Audit Report Standard

Stinson LLP on

The SEC has approved the Public Company Accounting Oversight Board's (PCAOB) new standard for audit reports on public company financial statements. The new auditor reporting standard will require more information about the...more

Shumaker, Loop & Kendrick, LLP

New Requirements for J-1 Program Mandates Annual Audits and Reports to Department of State

The devil is in the details. J-1 program sponsors need to be aware of upcoming changes by the U.S. Department of State (DOS) to the J-1 program. Specifically, beginning January 5, 2015, J-1 program sponsors will be required...more

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