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Accounting for Opioid Settlement Funds in Local Governments

LSLCPAs

With the settlements with various pharmaceutical companies and distributors being finalized recently, there’s been a lot of uncertainty about what the accounting for these settlement funds looks look. The post Accounting for Opioid Settlement Funds in Local Governments appeared first on LSL CPAs.

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How Wealthy are the U.S. Supreme Court Justices?

CPA Practice

None of the justices are required to list the value of their personal residences or the contents of their government retirement accounts. As a co-equal branch of government, the court has argued it has discretion to set its own ethical rules. Justice Brett Kavanaugh by far reported the least in assets. million from $2.5

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Will Congress Say Bah Humbug To Small Businesses?

Withum

So now Congressional leaders have departed for winter recess and will return to a full plate of financing the government when they return. In other words, as my client so eloquently pointed out, the government is asking for our company to pay them a fee for helping them research. So what can we expect in the New Year?

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Friday Footnotes: EY Pulls Out of Winston-Salem; Clients Exposed in Data Breach; Deloitte Olympians | 7.14.23

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. The Office Ernst & Young out of Triad market after closing Winston-Salem office [ Triad Business Journal ] The Triad now has offices for only two of the Big Four global accounting firms.

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Troubled NMC Health Suspected Of Faking Drug Orders

PYMNTS

Today’s Financial Times article states: “NMC allegedly used fake documents to simulate orders for pharmaceutical supplies from Neopharma, and its joint venture Nexgen, to obtain credit from banks and factoring agents that financed the fabricated sales. According to Reuters , NMC operates more than 200 facilities in the UAE.

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For Small Businesses, Cyberattacks Are Felt Long After A Data Breach

PYMNTS

In the wake of some high-profile cyberattacks on small businesses and local governments, new research suggests that the pain points of such incidents last long after systems are back up and running. Small government entities, too, are facing these risks. Small government entities, too, are facing these risks.

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U.S. Supreme Court: State Law Regulating PBMs Is Not Preempted by ERISA

ThomsonReuters

Pharmaceutical Care Mgmt. It explained that a state law has an impermissible connection with ERISA plans if it governs a central matter of plan administration or interferes with nationally uniform plan administration. Rutledge v. 2020 WL 7250098 (U.S. Available at [link]. Contributing Editors: EBIA Staff. The post U.S.