So the story continues… If you have been following the development of disgorgement and what implications the recent changes may have had on companies, then you may have noticed the latest US Internal Revenue Service (IRS) publication, proposing changes that will prevent companies from deducting disgorgement and forfeiture payments from future taxable profit. Act One: […]
FRA News
FRA Spotlight: Ailia Alam
We are thrilled to welcome Ailia Alam to our DC Data Governance, Technology Solutions and Forensics team. Ailia’s Big 4 background enhances our ability to apply diverse experience offerings in the most complex data governance matters, and further strengthens our multi-jurisdictional data privacy, transfer and protection expertise. We sat down with Ailia to learn more […]
Leading a Global Forensic Investigation – Lessons from The Helm
This article first appeared in Fraud Intelligence. In January 2020, Airbus announced its agreement to pay penalties of €3.6 billion, in what is the world’s first simultaneous settlement with four national authorities: the French Parquet National Financier (PNF), UK Serious Fraud Office (SFO), US Department of Justice (DOJ) and US Department of State (DOS). The […]
GIR Guide to Monitorships: Leveraging Forensic Accountants
During the past decade, the use of monitorships has matured considerably, with an increasing number of regulators and enforcement entities implementing this form of remediation. Jurisdictions outside the United States have moved beyond nurturing an interest in monitorships to formally legislating their application in settlement negotiations. It was once more common for monitorships to stem […]
Audit Committees: More Vital than Ever
The role of audit committees in ensuring audit quality is increasingly important during the Covid-19 crisis, as companies face disruptions and uncertainty, and financial strain and risks increase as directors’ duties are impacted by changes implemented by regulators. FRA partner Carol Der Garry and director Weng Yee Ng review the role of audit committees in […]