In this episode, Jason Crawford, Agustin Orozco, and Erin Rankin look back at one of the more noteworthy settlements of 2023—the $377M settlement by Booz Allen Hamilton to resolve.
The Financial Accounting Standards Board (FASB) was quite active at the end of 2023 and published two notable Accounting Standards Updates (ASUs) that are expected to meaningfully affect public company disclosures regarding segments and taxes.
The accounting profession is facing a critical shortage of certified public accountants (CPAs), with more than 73% of accounting students relying on external financial support to obtain their licenses.
On December 8, the California Privacy Protection Agency (CPPA or "the Agency") held a public Board meeting to discuss a range of topics, including proposed regulations on cybersecurity audits.
As 2023 comes to a close and companies begin preparing their Form 10-K, one question keeps emerging: to check or not to check Form 10-K's new restatement and compensation recovery ("clawback") checkboxes?