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The Foreign Corrupt Practices Act: The Cost of Compliance

The Foreign Corrupt Practices Act (FCPA), enacted in 1977, generally prohibits the payment of bribes to foreign officials to assist in obtaining or retaining

Highlights of the 2015 AICPA Conference on Current SEC and PCAOB Developments

The annual AICPA Conference on Current SEC and PCAOB Developments was held in Washington, D.C. last week, and included representatives of the Securities

2015 FBAR Reporting Extension for Public Company Employees

On December 9, 2015, the Financial Crimes Enforcement Network (FinCEN) issued FinCEN Notice 2015-1 providing certain filers of FBARs (described below)

Facebook CEO Mark Zuckerberg to Donate Fortune to Charity

Facebook’s Mark Zuckerberg and his wife, Dr. Priscilla Chan, celebrated the birth of their first child during Thanksgiving week. In an open letter
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Financial Accounting Standards Board (FASB) and Goodwill Impairment for Public Companies and Not-for-Profit Organizations

Recently, the Financial Accounting Standards Board (“FASB”) discussed whether and how to change the subsequent (post-transaction) accounting

New Rules for CEO Pay Ratio Disclosures Coming

As part of the Dodd-Frank Act, the SEC recently approved a new rule requiring U.S. public companies to disclose the ratio between their CEO’s compensation

Corporate Executive Turnover

Senior leadership is a crucial component of any company. The senior management team is typically the face of the company and is responsible for overseeing

PCAOB Form AP: Auditor Reporting of Certain Audit Participants

Release Number 2015-004: Supplemental Request for Comment: Rules to Require Disclosure of Certain Audit Participants on a New PCAOB Form On June 30, 2015,
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SEC Grants Million-Dollar Whistleblower Award

In April, the Securities and Exchange Commission announced an award of more than a million dollars to a compliance professional who provided information
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