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Results: 11-20 of 72

SEC’s Chief Accountant addresses status of accounting and auditing standards projects
  • Holland & Knight LLP
  • USA
  • June 7 2010

On May 21, 2010, the SEC's Chief Accountant, James Kroeker, testifying before a Subcommittee of the U.S. House Committee on Financial Services, addressed the status of various accounting and auditing standards matters that the SEC is working on in conjunction with the Financial Accounting Standards Board (FASB) and the Public Company Accounting Oversight Board (PCAOB


Delaware Court of Chancery applies entire fairness standard to majority stockholder's debt conversion
  • Holland & Knight LLP
  • USA
  • August 9 2010

On May 28, 2010, the Delaware Court of Chancery held that the former controlling stockholder of a company had not established the entire fairness of a debt conversion transaction entered into between the company and the controlling stockholder


SEC grants order staying effectiveness of proxy access rules
  • Holland & Knight LLP
  • USA
  • October 11 2010

On October 4, 2010, the SEC granted a stay of its proxy access rules pending resolution of the Business Roundtable and Chamber of Commerce petition for review of such rules with the DC Circuit Court of Appeals


SEC proposes asset-backed securities disclosure rules
  • Holland & Knight LLP
  • USA
  • October 25 2010

On October 14, 2010, the SEC proposed asset-backed securities disclosure rules in accordance with Sections 932 and 945 of the Dodd-Frank Act


FASB Proposes Changes to the Goodwill Impairment Test
  • Holland & Knight LLP
  • USA
  • October 25 2010

On October 6, 2010, the Financial Accounting Standards Board (FASB) proposed two critical changes to the way companies test for impairment of goodwill as part of an accounting standards update on Topic 350


House passes financial reform legislation
  • Holland & Knight LLP
  • USA
  • July 12 2010

On June 30, 2010, the House of Representatives approved the "Dodd-Frank Wall Street Reform and Consumer Protection Act" (the "Dodd-Frank Act"


Supreme Court rejects attempt to dismantle PCAOB
  • Holland & Knight LLP
  • USA
  • July 12 2010

In a 5-4 decision, the U.S. Supreme Court rejected an attempt to declare unconstitutional the Public Company Accounting Oversight Board a private, nonprofit organization created in the wake of Enron and WorldCom accounting scandals


PCAOB issues FAQs on audit firm annual reports and makes the reports publicly available
  • Holland & Knight LLP
  • USA
  • July 12 2010

On June 18, 2010, the PCAOB issued Staff Questions and Answers regarding the requirements to file with the PCAOB Annual Reports on Form 2


FASB and IASB issue joint proposal on revenue recognition and a progress report on US GAAP and IFRS convergence
  • Holland & Knight LLP
  • Global, USA
  • July 12 2010

On June 24, 2010, the International Accounting Standards Board (IASB) and the U.S. Financial Accounting Standards Board (FASB) published for public comment a draft standard to improve and align the financial reporting of revenue from contracts with customers and related costs


Delaware enjoins vote on merger pending curative disclosure
  • Holland & Knight LLP
  • USA
  • March 14 2011

On March 4, 2011, the Delaware Chancery Court enjoined a target from holding a shareholder meeting to vote on the approval of a merger agreement pending dissemination of curative proxy disclosure of both the amount of contingent fees to be paid to its investment adviser and the negotiations regarding the compensation that the CEO and president of the target would receive when he joined the acquirer after consummation of the merger