Topic
Audits
357 published works
Labor & Employment Law Perspectives
Staffing Companies Beware – The Halloween Nightmare of DOL Audits
Employers should be aware that the US Department of Labor (DOL) has ramped up its scrutiny of payroll practices by staffing companies, through comprehensive audits targeted on overtime classification. Of…
The Securities Law Blog
SEC Charges Audit Firm RSM and Three Senior-Level Employees with Failure to Properly Conduct Client Audits
The Securities and Exchange Commission today charged audit firm RSM US LLP and three senior-level employees with improper professional conduct for failing to properly audit Revolution Lighting Technologies Inc.’s (“Revolution”)…
Inside Privacy
CNIL Tests Tools to Audit AI Systems
By Kristof Van Quathem, Alix Bertrand
With the growing use of AI systems and the increasing complexity of the legal framework relating to such use, the need for appropriate methods and tools to audit AI systems…
Pharmacy & Healthcare Legal Blog
Practice points: appealing PBM audits
Today I would like to highlight some practical aspects in appealing PBM audits. Earlier this year, a PBM denied several pharmacy audit appeals because pharmacies were not compliant with the…
The CLS Blue Sky Blog
SEC Accounting Chief Warns Chinese Companies About Risks of Changing Auditors
By Paul Munter
One of the recent central themes of the Office of the Chief Accountant[1] has been that high-quality audits are foundational to the trust that underlies capital markets.[2] High-quality audits protect…
Free Writings + Perspectives
SEC’s Acting Chief Accountant Releases a Statement on Critical Points to Consider When Contemplating an Audit Firm Restructuring
By Kimberly Ayudant, Hanson Hairihan
The Acting Chief Accountant of the Securities and Exchange Commission, Paul Munter, recently released a statement regarding critical points to consider when contemplating an audit firm restructuring. In recent years,…
The CLS Blue Sky Blog
How Auditors Helped Spread Stock-Option Backdating
Stock-option backdating, the practice of changing the reported date of a stock-option grant to an earlier date, proliferated in the 1990s and early 2000s, with nearly one-third of public corporations…
Free Writings + Perspectives
20 Years of Sarbanes-Oxley
By Olivia Altmayer, Ryan Cornellier
On July 27, 2022, SEC Chair Gary Gensler gave remarks at the Center for Audit Quality entitled “Sarbanes-Oxley at 20: The Work Ahead.” Chair Gensler highlighted, among other things, impacts…
The Securities Law Blog
SEC Appoints Anthony C. Thompson to Second Term on PCAOB
The Securities and Exchange Commission today announced the appointment of Anthony (Tony) C. Thompson to a second term as a Board Member of the Public Company Accounting Oversight Board (PCAOB).…
Corporate Law and Governance
UK: FRC publishes audit quality inspection and supervision results
By robertgoddardcorporatelawandgovernance-blogspot-c
The Financial Reporting Council has today published its annual inspection and supervision results for the seven largest audit firms (BDO, Deloitte, EY, Grant Thornton, KPMG, Mazars and PwC): see here.…