Followed by over 100 countries, International Financial Reporting Standards (IFRS) are recognized as the worldwide equivalent to U.S. generally accepted accounting principles (GAAP). Nearly all major capital markets have either adopted the IFRS framework or are migrating towards that model within the next few years. Since 2007, the Securities and Exchange Commission (SEC) has allowed [...]
Contingent Fee Auditors Are Interested in Your Company’s Unclaimed Property Enforcement of unclaimed property regulations has evolved to include not only large corporations, but also small to midsize businesses. Entities that were previously off the auditing radar are now facing fines, penalties and interest for non-compliance. This is a direct result of states’ rapidly changing [...]
Any employer maintaining deferred or equity compensation arrangements for employees, directors or contractors or considering adopting such a plan should be aware of the major tax and design issues involved. The past five years have seen a number of special rules following the 2004 Tax Act that created Section 409A of the Internal Revenue Code. [...]
