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Navigating the Complexities of Delaware Statutory Trusts

Cherry Bekaert

the DSTA), which provides flexibility regarding its governance, operations and purposes. Similar to a Delaware LLC or LP, a statutory trust is primarily a creature of contract, governed first by its respective trust agreement and secondarily by statute. 3801 et seq.

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Navigating the Complexities of Delaware Statutory Trusts

Cherry Bekaert

the DSTA), which provides flexibility regarding its governance, operations and purposes. Similar to a Delaware LLC or LP, a statutory trust is primarily a creature of contract, governed first by its respective trust agreement and secondarily by statute. 3801 et seq.

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GASB 94: Key Questions Answered on P3s, SCAs, and APAs

Cherry Bekaert

The Governmental Accounting Standards Board (GASB) Statements 87, 94 and 96 are all based on the underlying concept that leases, P3s and SBITAs are all financings of the rights to control someone else’s assets. In its broadest sense, a vendor/customer relationship with a government can be considered a P3.

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IIA Opposes New PCAOB Standard Proposal’s Anti-Internal Auditor Language in Comment Letter

CPA Practice

The comment letter notes that the proposed change in the standard is presented without any apparent explanation or evidence for the need for such a change. Disparagement of either audit function – particularly from a government regulatory agency – undermines this partnership and risks engendering public mistrust in the auditing profession.”

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Friday Footnotes: Bob Moritz Disappoints Us; ERC Window Slamming Shut; 2024 Sucks For Firms? | 3.22.24

Going Concern

The decision will likely set up another showdown with Australian politicians who have strongly criticised the firm for not sharing the report, and frustrate government departments that have believe it should be shared. Movers and Shakers Jackson M. Day to the role of director of technical activities.

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Friday Footnotes: Retired EY Partners Hate on the Split; It’s a Raid!; ‘An Alphabet Soup of Technology’ | 11.18.22

Going Concern

Two senators cited an EY report prepared for lobby group Master Builders Australia (MBA) and released during the May federal election campaign as evidence that dodgy modelling had been used to exaggerate the economic cost of disbanding the Australian Building and Construction Commission. Among the 25 bullet points, No.

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Govt Eyes BEC, Govt Slammed By BEC

PYMNTS

Amid reports this week that changes to accounting standards are coming over the next few weeks, the Securities and Exchange Commission (SEC) has said that financial professionals, including accountants, must be mindful of cybersecurity risks. The SEC may urge caution, but victimization continues, even at the government level.