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Alternative Investments: Qualified Retirement Plan Trusts And Unrelated Business Income

Background Increasingly over the last few years and coincidentally with the bursting of the stock market bubble and the proliferation of hedge funds, it appears more sponsors of small and mid-size plans are investing in various alternative investments as a means of increasing portfolio...

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SEC Responds To Concerns Over Implementation Of Sarbanes-Oxley Section 404

The SEC on May 17 announced their plans for smaller companimes and their auditors in implementing Section 404 relating to the effectiveness of internal controls. The Commission moved quickly in defining the next steps. This announcement comes only one week after a public roundtable discussing the...

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Estate Planning For Real Estate Assets: FLPs Under Attack

Given the budgetary constraints facing Congress, it appears unlikely that the Federal Estate Tax will be permanently repealed in the near future. In addition, the value of real estate has risen very rapidly in the last few years and has thus become among the most significant assets in many people's...

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Corporate Governance: Sarbanes-Oxley Section 404 - After Year One

After much anticipation and a lot of management angst, the first assessments of internal control effectiveness have been filed by public companies as required by Section 404 of the Sarbanes-Oxley Act (SOx 404). And what are the results of these reports? Through May 24, 2005, approximately 10% of...

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Tax Incentives For Real Estate Owners And Lessees

Editor: Ken, here in New York City and also in the surrounding areas, there are a number of tax incentives and other programs designed to encourage real estate investment. These programs make it important for investors/owners to look beyond the first level of numbers when considering their real...

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Corporate Counsels' Role In Internal Controls - The Auditors' Perspective

Editor: As one of your firm's leaders, you play a major role in the way in which your firm addresses issues arising under Sarbanes-Oxley. Your firm has demonstrated an extraordinary commitment to helping corporate counsel understand the role of the accounting profession in the post-Sarbanes-Oxley...

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Help Is On The Way For Financial Reporting Under Sarbanes!

Editor: For publicly traded companies, Sarbanes-Oxley's provision on internal controls over financial reporting, Section 404, is crucial. How has management reacted to the requirements of Section 404? Goldenberg: Section 404 has added a whole new realm to public company management. Although...

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