Recently by Michael R. Young
NYC Bar Program, "Litigation Contingency Reporting: Where Are We With FASB And The SEC?" New FASB Exposure Draft And SEC Scrutiny
Editor's Note: The following synopsis is based on a transcript of a program presented at the New York City Bar Association on January 28, 2011 regarding the controversial and high-profile issue of reporting on litigation contingencies in financial statements. The Editor relied entirely on the...
Read MoreFinancial Reporting After The Subprime Crisis:New Challenges For Audit Committees - Part II
The first part of this article appeared in the July issue of The Metropolitan Corporate Counsel. In it the author describes how the subprime crisis ushered in a new era of financial reporting. Please see our website at www.metrocorpcounsel.com. Challenges For Audit Committees (cont'd)...
Read MoreFinancial Reporting After The Subprime Crisis:New Challenges For Audit Committees - Part I
Introduction Though it may not have been apparent at the time, in some ways the subprime crisis can be seen as ushering in a new era of financial reporting. It is hard to think of an earlier time when public companies so quickly accumulated, processed, and made available to the public the...
Read MoreNeil Barofsky: Bringing Transparency To TARP
On July 28, Willkie and KPMG co-sponsored a special conference titled Tarp Enforcement: The New Regulatory Regime, featuring a keynote address by Neil M. Barofsky , Special Inspector General for the Troubled Asset Relief Program ("SIGTARP"). TARP covers a multiplicity of programs, including the...
Read MoreEighteen Safeguards To Corporate Self-Investigation
Introduction Over the past several years, there appears to have been an increasing need for investigations into potential accounting issues at public companies. The need has corresponded, not surprisingly, with an upsurge in reported restatements of financial statements. Where such a restatement...
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