Latest Articles

  • Trump Vows Tax Reform in First 100 Days

    By:
    Chris Gaetano
    |
    Jan 23, 2017
    Newly-inaugurated President Donald Trump has released a Contract with the American Voter outlining his first 100 days in office, which includes several tax reform efforts he believes will help the American economy. 
  • Data Breaches at Yahoo Lead to SEC Probe

    By:
    Chris Gaetano
    |
    Jan 23, 2017
    The SEC will ask Yahoo "what took you so long?" when it investigates a pair of massive data breaches that the company failed to disclose to investors until years after the fact. 
  • PCAOB Makes Available XML Data File for Form AP, Auditor Reporting of Certain Audit Participants

    By:
    Chris Gaetano
    |
    Jan 18, 2017
    The Public Company Accounting Oversight Board yesterday formally released the Firm Data File for the Form AP, which is used to disclose certain audit participants. 
  • 10 Firms Settle with SEC Over Pay-to-Play Charges

    By:
    Chris Gaetano
    |
    Jan 18, 2017
    The SEC has settled with 10 investment advisory firms that they said violated pay-to-play rules by receiving compensation from public pension funds within two years after campaign contributions made by the firms’ associates.
  • Number of IRS Whistleblower Awards Grows 322 Percent in a Year

    By:
    Chris Gaetano
    |
    Jan 17, 2017
    The number of whisteblowers receiving cash payouts from the IRS spiked 322 percent between 2015 and 2016, resulting in more than $61 million in reward money. 
  • Study: Supply Chain Audits Ineffective at Driving More Ethical Business Practices

    By:
    Chris Gaetano
    |
    Jan 17, 2017
    While supply chain audits are seen as standard tools in determining whether a company is, say, using conflict minerals or following environmental standards, a recent study from the University of Sheffield says that they have been largely ineffective at driving ethical business practices and, indeed, might actually be contributing to the problem. 
  • Regulatory Roundup, Jan. 11-17

    By:
    Chris Gaetano
    |
    Jan 17, 2017
    With so many regulators out there, it can be tough to keep track of everything they say from week to week. Luckily we here at the Trusted Professional have collected relevant regulatory announcements from this past week and put them here in one place to help you stay on top of regulatory issues or matters. This is the first of a regular series that will let you know what you may have missed in the past seven days.
  • SEC Names Retail Investors, Market-wide Risks, and Retirement Investments as 2017 Enforcement Priorities

    By:
    Chris Gaetano
    |
    Jan 13, 2017
    The Securities and Exchange Commission's Office of Compliance Inspections and Examinations said that it will pay particular attention to issues relevant to retail investors, retirement investments and market-wide risks as areas that it considers to present potentially higher risk to investors and the U.S. capital market as a whole. 
  • New e-File Regulations Require Driver License Information

    By:
    Chris Gaetano
    |
    Jan 13, 2017
    In the interests of providing an extra layer of verification, software for processing e-filed New York state personal income tax returns will now require the inclusion of driver's license information. 
  • Senate Democrats Propose Capping Deductions for Performance Pay

    By:
    Chris Gaetano
    |
    Jan 11, 2017
    Senate Democrats have introduced a bill that, if passed, would apply the same $1 million limit to compensation deductions to performance pay, saying that the current exception effectively amounts to a subsidy of multi-million dollar bonuses.