SEC Releases New Guidance on Use of Non-GAAP Financial Measures

May 26, 2016

The Securities and Exchange Commission (SEC) has released guidance on the use of non-GAAP financial measures. These measures typically omit noncash and nonrecurring items, which are required in any financial reports that conform to Generally Accepted Accounting Principles.

May 2016 Newsletter

May 20, 2016

The Meaning of “Privacy” in a SOC Report When a company that handles sensitive personal information for clients tries to get certified as complying with some type of privacy standard, executives learn very quickly that “privacy” can mean different things depending on what standard they have to meet.

SEC Adopts Amendments to Implement JOBS and FAST Act Requirements

May 11, 2016

The Securities and Exchange Commission (SEC) has finalized a series of amendments to implement provisions of the federal Jumpstart Our Business Startups (JOBS Act) and Fixing America’s Surface Transportation (FAST Act) legislation.

The Meaning of “Privacy” in a SOC Report

April 29, 2016

When someone uses the word “privacy” in a conversation, most listeners will have a basic understanding of what the word means and what the speaker is trying to say. At the same time, if you asked each listener to define the word, it’s unlikely that any two people would give you the exact same answer.

Corporations Shareholder Liable as Transferee for Corporation

April 26, 2016

After a long-running dispute, the IRS prevailed in a recent U.S. Tax Court ruling that found a corporation’s sole shareholder liable for more than $21 million of company’s unpaid taxes and subsequent penalties.

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