Hackers breached the Securities and Exchange Commission's corporate-disclosure database last year, accessing documents filed by publicly traded companies. The agency determined last month the information could have been used for illicit trades.
Knowing clients' goals and the lifestyle they desire can help them prepare successfully for retirement.
Disagreeing with the Internal Revenue Service, the Court of Federal Claims has held that $18 million a hedge fund manager received was not a partnership distribution but a payment for services outside her capacity as a partner.
Afraid of public speaking? You're not alone. Presenting before a crowd is challenging for everyone -- and accountants have it twice as hard. They need to fend off stage fright and turn complex figures into a compelling story to engage and inspire their audience. A CGMA report simplifies financial-presentation prep with five useful tips.
The Sarbanes-Oxley Act has expanded beyond its original goal of assuring financial statements, write Craig Clay of Donnelley Financial Solutions and Daniel Kim of SOXHUB. The law allows for a more focused approach to risk management and instills discipline to prevent mistakes that could result in costly fines and lawsuits, Clay and Kim write.
The company is seeking a successor for Gardiner, whose promotion is effective Jan. 1.
Companies can face liability if a vendor suffers a data breach, and lawyers urge them to take steps to curtail such risk. Companies should thoroughly vet vendors and ensure that contracts spell out certain obligations and rights in such a situation, the lawyers write.
A federal appeals court recently held that the Chicago Police Department did not owe overtime compensation for employees' use of mobile devices for work outside regularly scheduled shifts, with the decision hinging on whether the department knew employees were not getting overtime pay. "In the modern workplace, an increasing number of non-exempt employees conduct work remotely on cell phones, so you can expect to see an increase in the number of these types of claims," lawyer Natasha Sarah-Lorraine Banks writes.