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14 Oct 2022, 6:32 am
It responded to several notorious corporate accounting and disclosure frauds at large, well-known companies like Enron, WorldCom, Adelphia, and Tyco. [1] Long undetected by investors, auditors, and regulators, these companies’ problems cascaded suddenly and painfully into the markets and public discourse. [read post]
13 Oct 2022, 6:12 am by John Jascob
Munter began his speech with some observations about the role of auditors in fraud detection as they seek to exercise professional skepticism in providing reasonable assurance about corporate financial statements.Munter stated the issue thus: “We find this attitude of focusing on the limits of the auditor’s responsibilities at the outset as opposed to the affirmative requirements with respect to the responsibility to plan and perform the audit to obtain… [read post]
12 Oct 2022, 9:53 am
  Most recently, states have begun to draw on the principles and modalities of due diligence to develop state based due diligence legal orders.We turn first to the examination of the way that states have begun to draw on due diligence principles and modalities. [read post]
12 Oct 2022, 7:34 am by Patrick J. Murphy, Esq.
He understands the state’s complex criminal statutes and uses his advanced knowledge to defend his clients at every stage of the legal process. [read post]
6 Oct 2022, 6:19 am by John Jascob
Liebman, based in Garden City, New York, did not make the required filings in connection with its audits of RetinalGenix Technologies and Fuel Doctor Holdings, the PCAOB stated. [read post]
5 Oct 2022, 8:34 am by Silver Law Group
The company publicly stated that it was “evaluating restructuring alternatives” to conserve and maximize its assets. [read post]
2 Oct 2022, 3:28 pm by Stuart Kaplow
We have since its issuance more than a decade ago, assisted companies, including their counsel and auditors, in complying with the SEC’s 2010 Guidance Regarding Disclosure Related to Climate Change, Release No. 33-9106. [read post]
29 Sep 2022, 9:01 pm by News Desk
In one region, companies were taking environmental samples for detecting Listeria monocytogenes after cleaning when the rules state this should be done before cleaning. [read post]
Louisiana Department of Revenue income tax auditors are increasingly proposing large assessments by misapplying a formula in a Department regulation (La. [read post]
28 Sep 2022, 3:53 am by SHG
“No job that requires more discretion, more good judgment, more balanced psychological state than someone with a badge and a gun charged with enforcing the law. [read post]
” This definition does not specify that the auditor must be a separate legal entity from the creator or vendor of the tool and therefore suggests that it may be acceptable for the auditor to be employed by the organization using the tool, provided the auditor does not use and has not been involved in developing the tool. [read post]
17 Sep 2022, 9:25 am by Ana Popovich
Zatko stated that from what he saw, “a lot of the regulators’ examinations were interview questions, so the organization was allowed to grade their own homework. [read post]
16 Sep 2022, 4:00 am by Jim Sedor
Ron DeSantis said two flights were part of a state program to relocate undocumented immigrants. [read post]
15 Sep 2022, 6:00 am by Mark Worth
The bank’s compliance policy states whistleblowers are “protected against any form of retaliations. [read post]
14 Sep 2022, 3:20 am by Jon L. Gelman
“For over a century, our governors, legislatures, and voters have made New Jersey one of the best states for workers. [read post]
12 Sep 2022, 8:35 am by Matthew Dochnal
In the course of working with Price Waterhouse auditors over the years, IncNow has learned that before any company conducts random samples for an audit, the auditor must first determine the company’s internal controls for preventing problems. [read post]
11 Sep 2022, 9:04 pm by Fabiana Di Porto
According to the European Court of Auditors, this outcome can generate feelings of alienation in citizens, who fear being ignored by rulemakers. [read post]