A conservative policy group has challenged the constitutionality of the Dodd-Frank Act on grounds that the law’s creation of the Consumer Financial Protection Bureau exceeds Congress’s authority, a line of reasoning almost identical to a legal challenge of the Sarbanes-Oxley Act that went all the way to the U.S. Supreme Court.The group, the Competitive Enterprise […]

Add the U.S. Attorney for the District of Columbia to the list of those probing fast food chain Chipotle over its hiring practices.Since 2010, The U.S. Immigration and Customs Enforcement agency has been investigating  Chipotle on allegations that it has hired undocumented workers. That investigation has thus far focused on locations in Minnesota (where 450 […]

If you’re still not quite up to speed on the critical changes that are in store for revenue recognition accounting, the staff of the Financial Accounting Standards Board has made it a little easier to catch up.FASB will be collecting comments for a few more weeks on its latest proposal to overhaul the accounting for revenue […]

Downloadable spreadsheet of every auditor change disclosed on Form 8-K during the calendar year 2011.

Perhaps not a creature was stirring in your house just before Christmas last week, but the Securities and Exchange Commission adopted several more rules relevant to the Dodd-Frank Act on mine safety disclosure and how to define accredited investors.Adopted on Dec. 21 without any formal meeting of SEC commissioners, the rules implement Section 1503 of […]

Compliance Week is currently conducting two industry-specific surveys—one in financial services, the other in energy—where we need your help! All risk, audit, and compliance professionals in both fields are encouraged to respond. Your answers will be secure and confidential, and the surveys are free of charge. First, our Compliance Week Energy Industry Survey is soliciting […]

Long-time retail shareholder activist Ken Steiner filed the very first proxy access proposal last week, according to report by Ted Allen, governance counsel and publications director at proxy advisory firm, ISS.The proposal was filed at MEMC Electronics, a manufacturer of wafers for the semiconductor industry. According to U.S. Proxy Exchange, a group representing retail investors, […]

The Financial Accounting Standards Board is brushing up its fairly new rules on consolidations to address concerns that investment managers or others acting as agents for their clients might get caught up in the guidance and treated as if they are owners.FASB has proposed an accounting standards update that would establish criteria for a reporting entity […]