Download or read book Securities Litigation Involving Auditors written by David L. Gilbertson and published by . This book was released on 1997 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Securities Litigation Reform written by United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications and Finance and published by . This book was released on 1995 with total page 690 pages. Available in PDF, EPUB and Kindle. Book excerpt: Distributed to some depository libraries in microfiche.
Download or read book Regulation Auditor Litigation and Settlements written by Lakshmana Krishna Moorthy and published by . This book was released on 2017 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper aims to understand the determinants of lawsuits against auditors in securities class action litigation and the settlement pattern by auditors when the suit is not dismissed. The issues we consider are: (i) when are auditors named as defendants (ii) when do auditors choose to settle and (iii) what proportion of the settlement do auditors pay in relation to the settlement by all the other parties; and (iv) differences in settlement strategies among the big-n firms. We also want to understand how these suit and settlement patterns have changed following the enactment of major regulation such as the Private Securities Litigation Reform Act (PSLRA), Sarbanes Oxley Act (SOX). Following prior literature, we first establish that auditors are more likely both to be named and to settle in cases involving restatement of earnings, accusations of violation of GAAP or accounting improprieties. We then show that the likelihood of suit and settlement increase in a measure that we construct measuring the complexity of litigation. We then examine differences in settlement patterns across periods preceding and after the passage of PSLRA and SOX. We find that auditors are named less often in the post PSLRA period (relative to the pre-PSLRA period), settle with the same frequency in both periods but pay less proportional damages. The same set of comparisons show that auditors are just as likely to be sued post-SOX as pre-SOX, but settle with lower frequency and pay the same proportion of damages. Overall this study documents the beneficial role of both PSLRA and SOX on reducing the litigation burden on auditors. With regard to settlement strategies, we document the varying strategies employed by the Big-n firms that settle at different rates, vary in their aggressiveness and time to settle signaling the willingness to fight or cooperate in the settlement.
Download or read book Hot Securities Litigation Issues in a Down Economy 2002 written by Robert J. Giuffra and published by . This book was released on 2002 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Private Litigation Under the Federal Securities Laws written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Securities and published by . This book was released on 1994 with total page 924 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Securities Litigation Against Auditors and Directors Officers written by Jennifer Francis and published by . This book was released on 1995 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Liability of Attorneys and Accountants for Securities Transactions written by Robert J. Haft and published by . This book was released on 2009 with total page 568 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Securities Litigation written by and published by . This book was released on 2008 with total page 1084 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Securities Litigation Enforcement Institute written by and published by . This book was released on 2008 with total page 1010 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Securities Litigation written by and published by . This book was released on 2002 with total page 892 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Securities Litigation written by and published by . This book was released on 1998 with total page 788 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Art and Science of Securities Law written by Aspatore Books and published by . This book was released on 2005 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Art and Science of Securities Law is an authoritative, insider's perspective on the issues surrounding securities law. The reader will become familiar with topics such as significant securities laws and regulations, the importance of disclosure documents, and the future of securities law, on a global scale. Featuring department heads, group chairs, and leading partners, all representing some of the nation's top firms, this book provides a broad, yet comprehensive overview of the practice of securities law, discussing the current shape and future state of the practice area from the founding doctrines, to the pivotal cases of today. From the steps involved in effectively counseling clients in this highly regulated environment to crucial tactics around advising clients on all aspects of compliance, these authors articulate the finer points around securities now, and what will hold true into the future. The different niches represented and the breadth of perspectives presented enable readers to get inside some of the great legal minds of today as experts offer up their thoughts around the keys to success within this fascinating practice area. About Inside the Minds:Inside the Minds provides readers with proven business intelligence from C-Level executives (Chairman, CEO, CFO, CMO, Partner) from the world's most respected companies nationwide, rather than third-party accounts from unknown authors and analysts. Each chapter is comparable to an essay/thought leadership piece and is a future-oriented look at where an industry, profession or topic is headed and the most important issues for the future. Through an exhaustive selection process, each author was hand-picked by the Inside the Minds editorial board to author a chapter for this book.This book is by:Stewart D. Aaron, Arnold & Porter LLPThe Importance of Disclosure in Securities CasesMelodie Rose, Fredrikson & ByronAdding Value for ClientsRichard J. Morvillo, Crowell & Moring LLPCounseling Clients in a Highly-Regulated EnvironmentJerry Burgdoerfer, Jenner & BlockGoing Beyond Legal Requirements to Understand a Companys BusinessDavid W. Braswell, Armstrong Teasdale LLPAdvising Clients on All Aspects of ComplianceBruce G. Leto, Stradley, Ronon Stevens & Young, LLPUnderstanding Significant Laws and RegulationsMatthew S. Heiter, Baker, Donelson, Bearman, Caldwell & Berkowitz, PCOutlining Securities Law
Download or read book Avoiding and Managing Securities Litigation and SEC Enforcement Inquiries for In house Counsel written by David Siegel and published by . This book was released on 1995 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Auditor Liability in the Wake of In Re Phar Mor Inc Securities Litigation written by Darren J. Taylor and published by . This book was released on 1998 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Securities Regulation written by James D. Cox and published by . This book was released on 2004 with total page 1192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Keeping pace with the many changes in the area, Securities Regulation: Cases and Materials, Fourth Edition, introduces a wealth of new material in the same highly flexible structure that earned its position as the bestseller in the field. the authors keep their book challenging yet teachable by: Mixing doctrine and professional judgments. Offering maximum flexibility for instructors through the use of modular chapters. Effective use of the problem method to expose students to both theory and practice issues. Writing in a readable, straightforward style that is sophisticated, but not intimidating. Offering an annual case supplement keyed To The book, which includes high-quality coverage of the 1933 and 1934 Acts, As well as, An introduction To The 1940's Acts. New material in the Fourth Edition responds to developments in the law and facilitates student understanding: New Chapter on Financial Reporting emphasizes the procedures and substantive standards added by Sabanes-Oxley and recent SEC actions and explores the critical role of auditors and 'generally accepted auditing standards' Exploration of the 'fairly presents' requirement that is now part of the executive certification requirements for reports filed with the SEC. Important discussion of the new Sarbanes-Oxley developments that were designed to enhance the integrity of the reporting system. Review of the extensive SEC rules adopted in the wake of Sarbanes-Oxley. Relocation of the chapter on Materiality To The middle of the book. Condensed introductory chapter that eliminates material on technology and globalization. New treatment of the burgeoning behavioral economics literature on investor heuristics in addressing risky and complex choices. Major new cases: In the matter of W.R. Grace & Co.., Caiola v. Citibank, N.A., Cendant Corporation Securities Litigation, Cedric Kushner Promotions, Ltd. V. King, Gallagher v. Abbott Laboratories, Inc., KPMG, LLP v. SEC, Razorfish, Inc. Securities Litigation, SEC v. ETS Payphones, Inc., SEC v. GLT Dain Rauscher, SEC v. Zandford.
Download or read book Securities Litigation Enforcement Institute 2004 written by and published by Practising Law Institute. This book was released on 2004 with total page 1152 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Auditor s Letter Handbook written by and published by American Bar Association. This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Second Edition of this best-selling ABA guide contains the original 1975 Statement of Policy Regarding Lawyers' Responses to Auditors' Requests for Information. Much has changed since the American Bar Association Statement of Policy Regarding Lawyers' Responses to Auditors' Requests for Information ("the ABA Statement") and the American Institute of Certified Public Accountants' ("AICPA") related Statement of Auditing Standards No. 12 ("SAS 12") were approved in December 1975 and January 1976, respectively. There has been an increased emphasis on the quality of loss contingency disclosure, an expansion of private litigation and SEC enforcement actions against accountants and other professionals, and a new regulatory regime for the accounting profession established by the Sarbanes-Oxley Act of 2002. Despite these changes, the ABA Statement has stood the test of time and shown its flexibility to adapt to meet changing circumstances. Another development since the ABA Statement was approved has been the increasing relevance of international accounting and auditing standards and the expansion of cross-border practice by law firms. International Financial Reporting Standards ("IFRS") adopted by the International Accounting Standards Board have become the accounting standards in many countries throughout the world other than the United States. Canada, for example, recently converted to IFRS for publicly traded companies. This resource is a must-have for inside and outside counsel in dealing with the auditor's need for corroboration of information furnished by management concerning litigation, claims, and assessments. It comprises a consolidated presentation of the principal official pronouncements and unofficial commentaries on the subject of audit inquiries and lawyers' responses. This book is published by the Audit Responses Committee of the ABA Business Law Section.
