Corporate Transparency Act
Related Links
Select related link http://thomas.loc.gov/cgi-bin/query/z?c111:H.R.4173: Dodd-Frank Wall Street Reform and Consumer Protection Act
Dodd-Frank Wall Street Reform and Consumer Protection Acthttps://www.stinson.com/capabilities-BankingandFinancialServices Banking and Financial Services
Banking and Financial Serviceshttps://www.stinson.com/capabilities-EmploymentLaborLaw Employment Law Employment Lawhttps://www.stinson.com/capabilities-Energy Energy
Energyhttps://www.stinson.com/capabilities-EmployeeBenefitsLitigation Executive Compensation
Executive Compensationhttps://www.stinson.com/capabilities-Insurance Insurance, Risk Financing and Financial Services
Insurance, Risk Financing and Financial Serviceshttps://www.stinson.com/capabilities-BusinessLitigation Litigation
Litigationhttps://www.stinson.com/capabilities-PrivateBusiness Private Capital/Strategic Growth
Private Capital/Strategic Growthhttps://www.stinson.com/capabilities-S
FINCEN Takes Steps Toward Preparing Regulations for Beneficial Ownership Reporting Under the Corporate Transparency Act By
April 7, 2021
FINCEN has issued an Advance Notice of Proposed Rulemaking, or ANPRM to solicit public comment on a wide range of questions related to the implementation of the beneficial ownership information reporting provisions of the Corporate Transparency Act, or CTA.
The CTA requires reporting of beneficial ownership information by “reporting companies.” The CTA defines a reporting company as a corporation, LLC, or other similar entity that is (i) created by the filing of a document with a secretary of state or a similar office under the law of a state or Indian tribe, or (ii) formed under the law of a foreign country and registered to do business in the United States by the filing of a document with a secretary of state or a similar office under the laws of a state or Indian tribe. The CTA exempts certain categories of entities from the reportin
PCAOB Releases 2021 Audit Committee Resource By
April 6, 2021
The PCAOB has released a publication captioned “Audit Committee Resource: 2021 Inspections Outlook.” The purpose of the three-page publication is to assist audit committees in engaging in informed dialogue with their auditors on the PCAOB’s planned focus of their examination of public company audits.
Topics covered in the publication include:
Auditor’s risk assessments
Fraud procedures
Supervision of audits involving other auditors
Contact
Topics:
Topics
Related Links
Select related link http://thomas.loc.gov/cgi-bin/query/z?c111:H.R.4173: Dodd-Frank Wall Street Reform and Consumer Protection Act
Dodd-Frank Wall Street Reform and Consumer Protection Acthttps://www.stinson.com/capabilities-BankingandFinancialServices Banking and Financial Services
NYSE Completes Amendments to Shareholder Approval and Related Party Requirements dodd-frank.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dodd-frank.com Daily Mail and Mail on Sunday newspapers.
SEC Warns SPAC Targets the Road May be Difficult By
April 1, 2021
The SEC issued two pieces of guidance on special purpose acquisition companies, or SPACs. One piece, styled as a statement by Paul Munter, Acting Chief Accountant, speaks to financial reporting and auditing considerations of companies merging with SPACs. The other statement, issued by the Division of Corporation Finance, is labeled “Staff Statement on Select Issues Pertaining to Special Purpose Acquisition Companies.”
As to financial reporting and auditing matters the SEC notes, among other things:
Companies acquired by SPACs need to be prepared to transition from being a private company to a public company very quickly. Do not underestimate the challenges.