This article explains why it is a challenging, but critical, exercise for companies that operate globally to establish clear and consistent guidelines for the assessment of litigation risk.
Read Sean Venden's reasons explaining why in-house counsel should have a basic knowledge of accounting and where they can gain that knowledge.
Strong internal controls are vital. For closely held companies, which are not mandated to comply with section 404 of Sarbanes-Oxley and its related financial controls, a lack of internal controls can create an atmosphere for improper financial oversight. It is the job of the head of the finance department and the corporate counsel to make sure that financial controls are in place that will adequately protect the company.
Lists warning signs of financial mismanagement and/or fraud. These attributes were found in companies' operations and activities who are alleged to have engaged in financial mismanagement and/or fraud. Also, lists ways in-house counsel are well situated to address important aspects of many accounting matters and what they can do.
This issue provides what you need to know about European Insolvency Regulation 1346/2000, Italian insolvency laws, U.K. corporate insolvency law, new insolvency and bankruptcy legislation in Italy, and courting justice.
Every CLO needs to be on the lookout for financial mismanagement and corporate fraud. While you don't have to go back to school for an MBA, you do need to learn lessons from your peers' mistakes. Here, the author examines 10 red flags you need to be aware of.
This issue includes articles on class actions, employment, and tax issues in Canada.
Summarizes how to meet the deadline, study the response, get authorization to respond, and understand the ethical and regulatory rules regarding audit response letters.
Discuses several measure that you can take to protect your company and minimize the risk when a customer's or supplier's financial situation worsens and includes sample forms.
This issue includes articles about defensive tactics, border and travel problems, navigating international tax authority and risk management in Canada.