Sec Filings, Regulatory Deadlines, And Capital Market Consequences, 2017 New York University
Sec Filings, Regulatory Deadlines, And Capital Market Consequences, Eli Bartov, Yaniv Konchitchki
New York University Law and Economics Working Papers
Timely disclosure of financial statement information is a critical requirement for firms and well-functioning capital markets. Yet, every quarter or year, a non-trivial number of firms are late in filing their financial statements. This paper identifies and probes various capital market consequences for late filings of quarterly and annual financial statements. It examines the short- and long-window reaction to late filings, as well as how equity investors process statements accompanying late filing announcements, such as managers declaring intentions to file within/outside SEC’s allowed grace periods. The paper documents that delayed quarterly filings have distinctly different valuation implications than ...
The Impact Of Recent Sec Financial Reporting Probes On Shareholder Wealth: Companies, Competitors, And Consequences, Stephen Warde
Honors Projects in Finance
During an undergraduate college career, an accounting major devotes a great part of his or her time to learning how publicly traded businesses prepare financial statements in compliance with Generally Accepted Accounting Principles (GAAP) and federal securities laws. These accounting principles, standards, and procedures are ultimately enforced by the U.S. Securities and Exchange Commission (SEC) to protect investors, uphold fair markets, and promote public trust in the capital market system. To fulfill its mission, the SEC Division of Enforcement conducts investigations into possible violations of the federal securities laws and administers enforcement actions. Naturally, SEC investigations and the anticipation ...
Impact On Grant Fraud Within The Government, 2017 La Salle University
Impact On Grant Fraud Within The Government, Ashley Clark
Economic Crime Forensics Capstones
My proposal and area of concentration will focus on the forensic accountant’s role in grant fraud. This role is more important now than ever, as fraudsters’ efforts have become more sophisticated over time. Grant fraud is particularly susceptible because more and more fraudsters are working within the company and understand the internal workings of the organization. Ensuring that grant notice of award regulations and rules are followed – and that relevant agencies and individuals follow all protocols under the budgeted term – are crucial components to ensuring the grant’s success.
Within my research paper, I will cover all areas associated ...
Donor Advised Funds: Charitable Spending Vehicles For 21st Century Philanthropy, 2017 The Catholic University of America, Columbus School of Law
Donor Advised Funds: Charitable Spending Vehicles For 21st Century Philanthropy, Roger Colinvaux
Scholarly Articles and Other Contributions
The donor advised fund (DAF) is changing longstanding giving norms in United States philanthropy. DAF contributions now account for around 8.4% of giving by individuals in the U.S. Over half of those contributions go to national DAF sponsors that have relationships with large commercial investment firms like Fidelity, Vanguard, and Schwab. This Article seeks to advance the understanding of the donor advised fund and to address two of the main policy questions: whether to require a mandatory distribution of funds by DAFs and their sponsoring organizations and how to respond to the increased use of DAFs for noncash ...
Will We Ever Close The Gaap?: A Look Into The International Convergence Of Accounting Standards, 2016 University of Michigan Law School
Will We Ever Close The Gaap?: A Look Into The International Convergence Of Accounting Standards, Melanie Rosin
Michigan Business & Entrepreneurial Law Review
This Note examines the trend toward the international convergence of accounting standards and then identifies the factors contributing to the process of this trend as well as the obstacles standard setters face in moving to one high quality, unified set of standards. The Note next identifies the possible outcomes for the future of convergence, including the mandatory adoption of International Financial Reporting Standards (IFRS) by the United States, the Securities & Exchange Commission’s (SEC) encouragement of the voluntary of adoption of IFRS by the United States, requiring public companies to comply with both U.S. Generally Accepted Accounting Principles (U ...
Public Accounting And The Myth Of The Public Interest.Pdf, 2016 Capella University
Public Accounting And The Myth Of The Public Interest.Pdf, Wm. Dennis Huber
Wm. Dennis Huber
Shareholder Wealth Maximization As Means To An End, 2016 Selected Works
Shareholder Wealth Maximization As Means To An End, Robert P. Bartlett, Iii
In several recent cases, the Delaware Chancery Court has emphasized that where a conflict of interest exists between holders of a company’s common stock and holders of its preferred stock, the standard of conduct for directors requires that they strive to maximize the value of the corporation for the benefit of its common stockholders rather than for its preferred stockholders. This article interrogates this view of directors’ fiduciary duties from the perspective of incomplete contracting theory. Building on the seminal work of Sanford Grossman and Oliver Hart, incomplete contracting theory examines the critical role of corporate control rights for ...
What Happens In Vegas Doesn't Always Stay In Vegas: Nevada Corporations Enjoy A Disproportionate Share Of Sec Trading Suspensions, 2016 West Chester University of Pennsylvania
What Happens In Vegas Doesn't Always Stay In Vegas: Nevada Corporations Enjoy A Disproportionate Share Of Sec Trading Suspensions, Anthony J. Cataldo Ii, Peter F. Oehlers, Robert C. Scanlon
No abstract provided.
Proportionate Liability Under The Cbca In The Context Of Recent Corporate Governance Reform: Canadian Auditors In The Wrong Place At The Wrong Time?, 2016 Osgoode Hall Law School of York University
Proportionate Liability Under The Cbca In The Context Of Recent Corporate Governance Reform: Canadian Auditors In The Wrong Place At The Wrong Time?, Poonam Puri, Stephanie Ben-Ishai
In the recent Canada Business Corporations Act' amendments implementing a proportionate liability scheme, auditors appear to be winners. This is consistent with the trend in the past several years as a result of which Canadian auditors have been successful in narrowing the scope of their liability both through legislation and through common law. Going forward, however, it is fair to say that auditors will be losers unless the accounting profession re-evaluates its role and responsibilities to its stakeholders. Given the accounting and corporate governance scandals North America has witnessed in the past few years, as well as the actual and ...
Probate A To Z: Guiding You Through The Statutes, Rules, And Procedures (Click Sharkmedia Below For Video), 2016 Krause & Goldberg PA
Probate A To Z: Guiding You Through The Statutes, Rules, And Procedures (Click Sharkmedia Below For Video), Adam Scott Goldberg
Law Center Plus Seminar Series
- Learn about probate court statutes and rules of procedure in Florida
- Understand how Probate issues can impact other areas such as: real estate, family, and debt/creditor law.
- How to handle special challenges that arise in probate cases
- Discuss recent procedural changes in Miami-Dade & Broward Probate Court
Four Ways That Accountants Turn To The Dark Side, 2016 Singapore Management University
Four Ways That Accountants Turn To The Dark Side, Singapore Management University
Not only those with 'defective individual traits' commit fraud
One Fund Solution And The Pension Crisis, 2016 St. Thomas University School of Law
One Fund Solution And The Pension Crisis, Gordon Butler
Cleveland State Law Review
The next forty years of economic life will be dominated by one underlying theme: dealing with the retirement income security of a growing, aging and longer-lived global population. This is a "can’t run, can’t hide" problem that will affect the lives of almost every human being on the planet . . . Whether you are light in your pension account, whether you have more money than Croesus, whether you live in the well-funded Netherlands, or whether you are a put-upon unambitious young male in Japan who sees no future for himself, you cannot escape this problem.
Before you read very far ...
A Contabilidade Paralela Das Empresas Estatais, 2016 FGV Law School in Sao Paulo
A Contabilidade Paralela Das Empresas Estatais, Bruno Meyerhof Salama, Mariana Pargendler
Bruno Meyerhof Salama
Transfer Pricing Challenges In The Cloud, 2016 Southern Methodist University Dedman School of Law
Transfer Pricing Challenges In The Cloud, Orly Mazur
Boston College Law Review
Cloud computing has fundamentally changed how companies operate. Companies have quickly adapted by moving their businesses to the cloud, but international tax standards have failed to follow suit. As a result, taxpayers and tax administrations confront significant tax challenges in applying outdated tax principles to this new environment. One particular area that raises perplexing tax issues is the transfer pricing rules. The transfer pricing rules set forth the intercompany price a cloud service provider must charge an affiliate using its cloud services, which ultimately affects the determination of the jurisdiction in which the company’s profits are taxed. This Article ...
Sec's Ultra Vires Recognition Of The Fasb.Pdf, 2016 Capella University
Sec's Ultra Vires Recognition Of The Fasb.Pdf, Wm. Dennis Huber
Wm. Dennis Huber
The Target Method For Partnership Special Allocations And Why It Should Be Safe-Harbored, 2016 University of Maryland School of Law
The Target Method For Partnership Special Allocations And Why It Should Be Safe-Harbored, Daniel S. Goldberg
The Treasury Regulations’ concept of “substantial economic effect” is the holy grail of partnership special allocations. Special allocations that have substantial economic effect will come within a safe harbor in the regulations and have assurance that the allocations that are provided in the partnership agreement will be respected. In order for the allocations to come within the substantial economic effect safe harbor, the partnership must (1) maintain capital accounts in accordance with the Treasury Regulations’ standard; (2) provide for liquidation in accordance with capital accounts in all events; and (3) either (a) provide for a deficit restoration obligation (DRO) on ...
Lack Of Marketability And Minority Discounts In Valuing Close Corporation Stock: Elusiveness And Judicial Synchrony In Pursuit Of Equitable Consensus, Stephen Leacock
No abstract provided.
Promoting A More Efficient Corporate Governance Model In Emerging Markets Through Corporate Law, 2016 University of Leeds
Promoting A More Efficient Corporate Governance Model In Emerging Markets Through Corporate Law, Jingchen Zhao
Washington University Global Studies Law Review
If we group together corporate governance models in countries with emerging markets, it is worthwhile to consider if reform suggestions could be offered to these countries collectively to address their shared weak points from a legal perspective. This article attempts to find common characteristics in corporate governance models from countries with emerging markets, who suffer from similar problems and challenges. The article traces many dimensions through which corporate governance functions in emerging markets can be characterized, with an emphasis on the legal foundations and responses to problems especially within corporate law, in order to promote the soundness of corporate governance ...
Incentive For Sale: § 503(C) And Asset Sales Within The Southern District Of New York, 2016 Washington University School of Law
Incentive For Sale: § 503(C) And Asset Sales Within The Southern District Of New York, Christopher Scavone
Washington University Journal of Law & Policy
This Note examines the recent shift towards rejecting proposed Key Employee Incentive Plans within the Southern District of New York as highlighted by the Hawker and Residential Capital decisions, and why the current standard is inadequate to address the special concerns that arose in those two cases. Scavone first examines the historical basis for executive compensation in bankruptcy, the formulation of the 2005 BAPCPA amendments, and the cases that followed. Scavone then presents the Hawker and Residential Capital cases, followed by an analysis of why the application of § 503(c) as it currently stands was inadequate for the proposed asset ...
The Foreign Account Tax Compliance Act: The Solution Or The Problem?, 2016 Claremont McKenna College
The Foreign Account Tax Compliance Act: The Solution Or The Problem?, Sophie S. Chou
CMC Senior Theses
Tax evasion has been happening for decades, but after the highly publicized cases with two foreign banks, LGT and UBS, the United States (US) is cracking down on tax evaders. The latest addition to the Internal Revenue Service (IRS)’s repertoire of enforcement tools is the Foreign Account Tax Compliance Act, otherwise known as FATCA. The Act was enacted to incentivize tax information release by foreign financial institutions (FFIs) who would otherwise face a 30% withholding tax on any US source income. The question was whether or not the design of the Act and its implementation successfully met this goal ...