Financial Regulatory Forum

US SEC cracks down on how companies are governed

December 16, 2009

Rachelle Younglai

WASHINGTON, Dec 16 (Reuters) – U.S. companies will have to disclose their compensation practices and board members’ qualifications under rules adopted by the Securities and Exchange Commission on Wednesday.

U.S. tax agency to randomly audit 6,000 firms on employment tax issues

October 30, 2009

By Kim Dixon
WASHINGTON, Oct 30 (Reuters) – U.S. tax authorities will start to audit 6,000 randomly selected companies to focus on employment tax issues ranging from executive compensation to fringe benefits, Internal Revenue Service officials said.

EU makes overture to U.S. on audit inspections

September 11, 2009

BRUSSELS, Sept 11 (Reuters) – The European Union made an overture to the United States on Friday in a bid to avert transatlantic tit-for-tat inspections of auditors that would cause unease and red tape for the sector.