red-flags-in-an-accounting-department 
Harvard Corporate Governance
FEBRUARY 7, 2023
VC Laster also observed that a board with oversight duties can hold an officer accountable for failing to fulfill the officer-level duty of oversight. This post is based on their Simpson Thacher memorandum and is part of the Delaware law series ; links to other posts in the series are available here. In re McDonald’s Corp. 2d 959 (Del.
Viking Mergers
MARCH 12, 2023
Good Books & Records One of the most important things you can do to increase the value of your business is to maintain good books and records and operate on an accrual (versus cash) accounting basis to match revenue with expenses. You must devalue yourself to avoid the challenges of selling an owner-centric business.
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ThomsonReuters
NOVEMBER 4, 2020
These days, the number one concern of corporate tax departments is clear: keeping up with changing regulations. The challenge intensifies when tax departments are dealing with multiple jurisdictions where activities are reportable in some and not in others. Why technology is critical for DAC6 compliance.
ThomsonReuters
MAY 12, 2022
Indirect tax departments are under increasing pressure to stay on top of new sales tax laws and regulations , while reducing audit risks. Sales tax auditors examine federal income tax returns to reconcile the gross sales between the federal return, the sales tax return, and the sales recorded in accounting records.
Reynolds Holding
SEPTEMBER 20, 2022
But just as importantly, we’re joined in person and on the livestream by line prosecutors, agents, and investigative analysts—the career men and women who do the hard work, day in and day out, to make great cases and hold wrongdoers accountable. Addressing corporate crime is not a new subject for the Justice Department.
Internal Audit 360
JULY 5, 2021
L ast October, the Securities and Exchange Commission sent a clear message to companies with significant operations overseas: ensure that a robust anti-bribery program is in place and functioning properly or pay the price. The SEC also documented several instances of faulty or non-existent controls at the company to discourage such wrongdoing.
ThomsonReuters
AUGUST 24, 2021
Tax engine software virtually eliminates these types of accounting errors by providing consistently accurate sales and use tax, value-added tax (VAT), and goods and services tax (GST) calculations that don’t raise red flags. The same basic approach can be taken by running GL account and purchase locations.
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