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Results: 1-10 of 72

Chief Accountant reminds lawyers that GAAP and not the ABA-auditor treaty governs loss contingency disclosure
  • Holland & Knight LLP
  • USA
  • February 28 2011

At a recent New York Bar Association conference, Wayne Carnall, Chief Accountant of the SEC's Division of Corporation Finance, warned registrants to avoid relying on the long-standing ABA-auditor "treaty" between lawyers and auditors when deciding what to report about litigation contingencies in financial statements


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


SEC approves rule change on broker nonvotes and executive pay
  • Holland & Knight LLP
  • USA
  • October 11 2010

On September 24, 2010, the SEC approved a NASDAQ rule change on an accelerated basis that amends its proxy voting rule


ISS releases 20 FAQs on 2012 compensation guidelines
  • Holland & Knight LLP
  • USA
  • February 7 2012

On January 25, 2012, Institutional Shareholder Services (ISS) released 20 frequently asked questions on its 2012 compensation guidelines


ISS issues two sets of FAQS: 102 FAQS on compensation policies and 77 FAQS on non-compensation-related questions
  • Holland & Knight LLP
  • USA
  • January 9 2013

On December 20, 2012, ISS released two lengthy sets of FAQs on 2013 compensation and non-compensation related policies. The following are issues addressed


Court permits company to exclude shareholder proposal
  • Holland & Knight LLP
  • USA
  • March 22 2010

Rather than go through the SEC process for excluding shareholder proposals, an issuer sought a declaratory judgment from the District Court for the Southern District of Texas that it may exclude a shareholder proposal from its proxy statement


Delaware chancery court adopts standard for controlling stockholder going private transactions
  • Holland & Knight LLP
  • USA
  • June 7 2010

The Delaware Court of Chancery held that the "entire fairness" standard of review applies to a going private transaction (tender offers and mergers) initiated by a controlling stockholder unless the transaction is both (i) negotiated and affirmatively recommended by a special committee of independent directors and (ii) conditioned on the affirmative tender or approval of a majority of the minority stockholders


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


PCAOB proposes auditing standard on Communications with Audit Committees
  • Holland & Knight LLP
  • USA
  • April 5 2010

On March 29, 2010, the Public Company Accounting Oversight Board (PCAOB) proposed for comment an auditing standard on Communications with Audit Committees, and a series of related amendments to its interim standards


Corporate governance amendments included in manager amendment to Senator Dodd bill
  • Holland & Knight LLP
  • USA
  • April 19 2010

On March 22, 2010, the Senate Committee on Banking, Housing and Urban Affairs approved a 114-page Manager's Amendment to the bill introduced by Senator Dodd titled, "Restoring American Financial Stability Act of 2010" (the "2010 Bill"