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As you read through the cyber incidents recently occurring, you will note a real-world example of how much damage ransomware can inflict.

New York’s fiscal year 2022-2023 State Budget Bill (Bill) as well as subsequent legislation, recently signed by Governor Hochul, contains significant changes to the New York State (NYS) PTET and creates a New York City (NYC) PTET.

Connecticut’s $24.2 billion budget bill for the fiscal year starting July 1, 2022 was signed by Governor Lamont on May 9th, 2022.”

Generally speaking, 2021 was a remarkable year for M&A activity in the private equity (PE) space, with global PE volume increasing approximately 111% in 2021 compared to 2020, ending the year at approximately $1.2 trillion worth of deals as posted in the Harvard Law School Forum on Corporate Governance.

The Government Accounting Standards Board (GASB) issued Statement No. 87 Leases (GASB 87) to establish a single leasing model for accounting and reporting purposes.

This article will contrast the focus of the two disclosure frameworks and highlight the attestation expectation and timelines for compliance outlined by the SEC Climate-Related Disclosure proposal document

As we read about the victims of cybercrime each month, it is important to bear in mind that many of these breaches were preventable.

Marc Rinaldi, Partner-in-Charge of Financial Services, was featured in the third edition of Technology Traps Wealth Managers Must Avoid.

According to recent surveys conducted by Give.org, 60% of respondents rate the importance of trusting a charity before donating as essential. While 33% of donors rate charity impact information as being very important to their giving, another 50% admit to not fully knowing what this means.

As described in Part 1 of this series, the proposal includes climate-related disclosures in Regulation S-K and Regulation S-X under the rationale that the required disclosure is fundamental to investors’ understanding of the nature of a registrant’s business and its operational prospects as well as financial performance and, therefore, should be presented together with other disclosure of the registrant’s business and financial condition.

Not-for-profit (NFP) or exempt organizations are generally required to file an annual federal form regarding their finances, activities and governance practices.

The U.S. Securities and Exchange Commission (SEC) recently released for public comment an extensive set of proposed climate-related disclosures for domestic and foreign registrants to provide in their registration statements and annual reports.