Legal News

Why audits are near worthless (yes, internal audit too)
Francine McKenna at re: The Auditors has an interesting post and set of comments about internal audit functions at public companies and the importance of internal auditors...

Should Big 4 audit firms release their financial statements?
A few months ago,  a committee advising Treasury Secretary Henry Paulson on the “state of auditing” recommended that Big 4 audit firms be required to submit audited financial statements to the Public Company Company Accounting Oversight Board (PCAOB)...

China?s audit regulations ? Filings shortly due
Getting prepared for your annual audit inspection By Chris Devonshire-Ellis BEIJING, Dec...

GAO Releases Audit and Management Recommendations for IRS
The Government Accountability Office yesterday released IRS: Status of GAO Financial Audit and Related Financial Management Report Recommendations (GAO-08-693)...

New Study on Financial Reporting Gives Banks Low Marks for Substance and Transparency
According to a report released by PricewaterhouseCoopers earlier this week, large banks have been holding back critical information from investors...

Fiscal Year 2007 Financial Report of the United States Government
New report from the U.S. Government Accountability Office: "The Secretary of the Treasury, in coordination with the Director of the Office of Management and Budget (OMB), is required annually to submit financial statements for the U...

The SEC Advisory Committee on Improvements in Financial Reporting's Final Report to the SEC
In an effort to increase the effectiveness of financial statements in informing the investing public, the SEC Advisory Committee on Improvements in Financial Reporting recently issued its final report, which contains recommendations for major reform to regulation and standard setting...

Income Tax Changes for 2007
Get Answers to your Income Tax Questions

Mitchell Report Summary
Report on Steroid Drug Use in Major League Baseball by Senator George Mitchell

Truth In Lending Act
Consumer Loans and Consumer Credit Protection Act

What is comparative negligence and strict liability in tort law?
A. comparative negligence
B. seller sells to buyer
B. defense of ...

My father died and left my mother $200,000 (life insurance) My Mother died 2 years later leaving my sister and I with both about $75,000 each. (including house/vehicles/belongings which I never got). We were supposed to
File a police report. Two police reports, one for you and one for your sister. G...

Can driving accident be cause for termination?
If your state is an at-will state, the company can fire you for any reason or fo...

Some elses debt is being reported by a bank to the crecit agencies. They know and have ackowledged it is not mine, yet it is still being listed as mine. it was my son's and no I didn't co-sign. It is adversly
It is easy for the bank and the credit reporting agencies to clear this confusio...

I had an old account that was charged off in 07/04 by a utility company. This company did not send this account to a collection company. They was acquired by another company in 2005. This company sent the debt to collect
No it is not legal to enter it as a new debt. Look at the Fair Credit Reporting ...

Atlas Cold Storage
Income Trust to pay $40 million to settle a class action that claims misrepresented financial statements.

Frank Bluestein, The Maximum Financial Group, Inc., Questar Capital Corporation, and Gunnallen Financial, Inc.
alleging schemed investors out of hundreds of millions of dollars.

Direxion Daily Financial Bear 3X Shares FAZ Securities Fraud
Direxion Daily Financial Bear 3X Shares FAZ

Tremont Financial LLC

Manulife Financial
MFC

Direxion Daily Financial Bear 3X Shares 401(k) / ERISA Stock Fraud
Direxion Daily Financial Bear 3X Shares 401(k) / ERISA Stock Fraud