FINRA (Financial Industry Regulatory Authority) is a non-governmental organization that regulates member brokerage firms and exchange markets. FINRA works along side the government agency, Securities and Exchange Commission. According to the Broke and Broker blog which focuses on securities fraud, “FINRA…
Category: Taxes & Regulations
What REV REC means for T&E Auditors
Perhaps it’s because I have little kids but Rev Rec sounds like something Scooby-Doo would say when he sees a ‘ghost’. For financial leaders, the new Revenue Recognition guidelines is definitely a “Ruh Roh” moment. Changing the way your business…
DOJ’s bribery guidelines place greater importance on expense reporting
The Department of Justice has now enacted recommendations from the FCPA Pilot Program into the official US Attorney’s Manual (USAM). This was first announced in November 2017, by Deputy Attorney General Rod Rosenstein, he said the DOJ would extend the pilot’s…
2018 tax law means changes to meals & entertainment
Changes to 2018 tax law will impact the way your company spends money on meals and entertainment. Dining spend is generally 10% of a company’s total travel spend and over 30% of the on-the-ground spend associated with a business trip.…
FCPA Professor’s 2017 Bribery Review Video
Bribery is a significant risk for all businesses, especially those trying to expand operations into developing markets. While the bulk of the money being used to bribe will pass through an invoice, most bribery schemes included business trips, meals and…
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