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Financial Services Industry Accounting

Allen Barron, Inc.

Integrated Professional Services Provide Stronger Business Outcomes

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How can integrated professional services provide stronger business outcomes for your business?  Why should you consider integrated legal, tax, accounting, and business advisory services, instead of relying upon the separate...more

Ballard Spahr LLP

Supreme Court Urged to Hear Case With Potential to Alter Materiality Standard for Alleging Securities Fraud Against Auditors

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The Supreme Court is currently deciding whether to hear a case that could have significant implications for auditors, law firms, and other professional services companies that assist public companies. Amicus briefs filed on...more

Allen Barron, Inc.

The Trend to Integrate Legal, Tax, Accounting, Business and Financial Advisory Services: the KPMG Arizona Gambit

Allen Barron, Inc. on

It has always been prudent to search for firms who can integrate legal, tax, accounting and business advisory services. While there are few such genuine providers across the United States they do exist, and the KPMG Arizona...more

IR Global

Accounting Firm Mergers & Acquisitions – Financial Advisory & Valuation Services For Success

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Accounting firm mergers and acquisitions (“M&A”) are blossoming due to strong recurring revenue models, a great record of organic growth over three decades, light asset investment requirements, and economic recoveries and...more

Hogan Lovells

Ticking the boxes - Hong Kong accountants regulator highlights failings in professional training compliance

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The Accounting and Financial Reporting Council (AFRC) has published its 2023 Oversight Report on HKICPA's Performance of Specified Functions (the report). This is the first full year the AFRC has reported on the exercise of...more

Skadden, Arps, Slate, Meagher & Flom LLP

IRS Makes Permanent Its Fast-Track Corporate Private Letter Rulings

On July 26, 2023, the Internal Revenue Service (IRS) Chief Counsel’s Office announced that it would make permanent its pilot program of issuing “fast-track” private letter rulings for requests solely or primarily under the...more

Stikeman Elliott LLP

OSC Publishes Considerations for Public Accounting Firms in Developing Internal Ethics Policies and Procedures

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The Ontario Securities Commission (“OSC”) recently published OSC Staff Notice 52-724 Considerations for Public Accounting Firms in Developing Internal Ethics Policies and Procedures (the “Notice”). The Notice summarizes...more

Hogan Lovells

Global Accountants' Liability Update – June 2022

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Our global team of securities and professional liability lawyers at Hogan Lovells is uniquely positioned to monitor legal developments across the globe that impact accountants’ liability risk. We have experienced lawyers on...more

Dorsey & Whitney LLP

U.S. Treasury Department Clarifies Previous Prohibitions on New Investments in Russian Equities & on Export of Trust, Accounting &...

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On June 6, 2022, the Office of Foreign Assets Control (“OFAC”) within the U.S. Department of the Treasury announced new Frequently Answered Questions (“FAQs”) that interpret several previous Executive Orders (“EOs”) issued by...more

Hogan Lovells

Global Accountants' Liability Update – April 2022

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The Hong Kong Court of Appeal has denied an accountant’s appeal of a Disciplinary Committee of the Hong Kong Institute of Certified Public Accountants (HKICPA) order that cancelled her practicing certificate due to...more

Hogan Lovells

Global Accountants' Liability Update – December 2021

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Our global team of securities and professional liability lawyers at Hogan Lovells is uniquely positioned to monitor legal developments across the globe that impact accountants’ liability risk. We have experienced lawyers on...more

Hogan Lovells

Global Accountants' Liability Update – October 2021

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A company that specialized in the design and production of optical instruments (hereafter: the Company) hired an accounting firm and a tax consultancy firm (hereinafter: the Accountants) to prepare its annual accounts between...more

Hogan Lovells

Global Accountants’ Liability Update – September 2020

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On 21 August 2020, the court of Chancery of the State of Delaware granted a motion brought by three Defendant KPMG firms to dismiss a cause of action seeking to hold KPMG LLP (KPMG US) liable as the agent of KPMG Cardenas...more

Goodwin

Fintech 2020: A Global Survey on the State of Financial Technology

Goodwin on

Letter from Our Co-Chairs - As the digital transformation of financial markets accelerates at breakneck speeds, fintech presents significant opportunities and challenges for both investors and innovators around the world. ...more

Goodwin

Luxembourg response to COVID-19: Extensions for Accounting Obligations

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Luxembourg parliament has recently adopted two new laws to provide headroom to operating businesses and funds in respect of their accounting obligations. The extensions granted under these new laws will only apply to filings...more

Mayer Brown

Accounting and Rating Agency Treatment of Supply Chain and other Trade Payables Programs

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There has been increasing discussion with respect to the accounting treatment of trade payable programs and whether the obligations of the entity that owes the receivable (the “company”) under these programs should continue...more

Goodwin

Luxembourg response to COVID-19: Extensions for Accounting Obligations

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Luxembourg parliament is considering two new bills which were introduced respectively on 26 and 27 March 2020 to provide headroom to operating businesses and funds in respect of their accounting obligations. Any extensions...more

Rosenberg Martin Greenberg LLP

Final Section 199A Regulations: Initial Takeaways on Clarification of Definition of "Specified Service Trade or Business"

Since the passage of the Tax Cuts and Jobs Act, business owners and tax practitioners alike have focused on the potential effect of Section 199A. Though it has been clear for some time that the 20% deduction afforded to...more

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