Latest Articles

  • PwC Plans to Open Law Firm in U.S.

    By:
    Chris Gaetano
    |
    Sep 22, 2017
    Big Four firm PricewaterhouseCoopers is planning to launch a law firm in the U.S., reflecting a growing emphasis on legal services alongside traditional business and accounting practice areas on the part of large CPA firms across the world. 
  • SEC Releases Interpretative Guidance on Pay Ratio Rule

    By:
    Chris Gaetano
    |
    Sep 22, 2017
    The Securities and Exchange Commission has released interpretative guidance on the controversial pay ratio rule that mandates that companies to disclose the ratio of compensation between the CEO and rank-and-file employees. 
  • SEC Says Hackers Accessed EDGAR System, May Have Used Info for Inside Trading

    By:
    Chris Gaetano
    |
    Sep 21, 2017
    The Securities and Exchange Commission disclosed that hackers illegally accessed market-moving information through breaching the EDGAR system last year, and may have later used the files for insider trading. 
  • Research Finds Consistent Personality Traits in CEOs

    By:
    Chris Gaetano
    |
    Sep 21, 2017
    A new study says that a certain set of consistent personality traits tend to appear in those picked to be CEOs, versus CFOs or COOs. 
  • Data Breaches Grew 160 Percent Since 2016

    By:
    Chris Gaetano
    |
    Sep 20, 2017
    The first six months of this year have seen a 160 percent increase in the number of documents lost, stolen or compromised in data breaches compared to the same period of time last year. 
  • FASB Proposes Reorganizing Topic 810 Consolidation Guidance

    By:
    Chris Gaetano
    |
    Sep 20, 2017
    The Financial Accounting Standards Board (FASB) has proposed reorganizing the consolidation guidance located in Topic 810 in response to stakeholder feedback saying that the way it's currently arranged in the accounting literature is confusing. 
  • Feds Launch Inside Trading Probe of Equifax Execs

    By:
    Chris Gaetano
    |
    Sep 19, 2017
    The U.S. Justice Department is investigating top officials at credit reporting firm Equifax over suspicions of insider trading prior to news of a massive data breach going public.  
  • TIGTA: Lack of Staff, Funding Has Decreased Criminal Investigation Activity

    By:
    Chris Gaetano
    |
    Sep 19, 2017
    The Treasury Inspector General for Tax Administration (TIGTA) said that, over the years, that reductions in staffing and funding have led to a decrease in the number and size of criminal investigation field offices in the U.S., which in turn has led to a decline in the number of cases initiated and completed. 
  • Regulatory Roundup: Sept. 13-19

    By:
    Chris Gaetano
    |
    Sep 19, 2017
    With so many regulators out there, it can be tough to keep track of all the decisions being made. This is the NYSSCPA’s regular series that collects relevant regulatory announcements from the past week, and puts them in one place to help you stay on top of the issues.
  • Tens of Thousands of Euros Found Clogging Swiss Drains

    By:
    Chris Gaetano
    |
    Sep 18, 2017
    Authorities have been pulling tens of thousands of euros worth of notes from drains in the vicinity of the Geneva branch of Swiss bank UBS.