United States: Accounting and Audit

Subscribe
Accounting law and audit law thought leadership, articles, podcasts, videos and webinars from expert sources across the legal world. Explore insights covering topics that involve accounting and audit law from specialists working in this area every day.
Article
Buchanan’s PBM & Pharmacy Practice Group Reduce PBM Audit Findings By 100%
Pharmacy Benefit Manager audits can threaten independent pharmacies with hundreds of thousands of dollars in alleged discrepancies and potential network exclusion. Through meticulous documentation review and strategic legal response, one pharmacy successfully eliminated nearly $400,000 in audit findings. Understanding the critical elements of an effective audit defense can protect pharmacies from unwarranted financial harm and regulatory consequences.
United States Accounting
BI
Buchanan Ingersoll & Rooney PC
Article
CAS Board Raises Contract Thresholds To $35 Million And Eliminates CAS 407: What Federal Contractors Need To Know As DoW Demands Cost And Pricing Transparency
The CAS Board has raised contract thresholds to $35 million and eliminated CAS 407, fundamentally changing cost accounting requirements for federal contractors. At the same time, the Department of War is demanding unprecedented cost and pricing transparency through new memoranda requiring actual cost information for negotiations valued at $10 million or more, creating a complex landscape where contractors face fewer formal CAS requirements but heightened scrutiny of their pricing data.
United States Accounting
BB
Bass, Berry & Sims
See more

Audit

Article
Buchanan’s PBM & Pharmacy Practice Group Reduce PBM Audit Findings By 100%
Pharmacy Benefit Manager audits can threaten independent pharmacies with hundreds of thousands of dollars in alleged discrepancies and potential network exclusion. Through meticulous documentation review and strategic legal response, one pharmacy successfully eliminated nearly $400,000 in audit findings. Understanding the critical elements of an effective audit defense can protect pharmacies from unwarranted financial harm and regulatory consequences.
United States Accounting
BI
Buchanan Ingersoll & Rooney PC
Article
SEC Announces Dedicated Financial Reporting And Accounting Unit Within Enforcement Division: Implications For Audit Committees, Boards And Public Companies
The SEC has established a new Financial Reporting and Accounting Unit within its Division of Enforcement, consolidating nationwide resources to investigate public company accounting and financial reporting issues. This organizational shift signals heightened scrutiny of complex accounting matters, non-GAAP measures, and disclosure practices.
United States Accounting
SA
Skadden Arps Slate Meagher & Flom
See more

Accounting Standards

Article
SEC Forms Beefed Up Enforcement Unit To Focus On Public Companies
The Securities and Exchange Commission has consolidated its accounting and financial reporting enforcement resources into a dedicated unit, signaling heightened scrutiny of public company disclosures, internal controls, and audit quality. This organizational shift concentrates previously dispersed expertise into a specialized team positioned to investigate financial reporting misconduct more efficiently and aggressively.
United States Commercial
SA
Skadden, Arps, Slate, Meagher & Flom (UK) LLP
Article
CAS Board Raises Contract Thresholds To $35 Million And Eliminates CAS 407: What Federal Contractors Need To Know As DoW Demands Cost And Pricing Transparency
The CAS Board has raised contract thresholds to $35 million and eliminated CAS 407, fundamentally changing cost accounting requirements for federal contractors. At the same time, the Department of War is demanding unprecedented cost and pricing transparency through new memoranda requiring actual cost information for negotiations valued at $10 million or more, creating a complex landscape where contractors face fewer formal CAS requirements but heightened scrutiny of their pricing data.
United States Accounting
BB
Bass, Berry & Sims
Article
Consolidation = Control: The GAAP Presumption Under Regulation W
When determining affiliate relationships under Regulation W, the Federal Reserve provides a critical bright-line rule: if a company consolidates another on its U.S. GAAP financial statements, it is presumed to have controlling influence. This presumption offers compliance officers a practical starting point for identifying control relationships, though other factors beyond GAAP consolidation can also establish regulatory control.
United States Finance
DM
Duane Morris LLP
See more

Forensic Accounting

See more

Actuarial Services

See more

Latest Videos

See more