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SEC Slaps CohnReznick and Three Partners with Improper Professional Conduct

Going Concern

previously were charged by the SEC for filing fraudulent financial statements prior to their bankruptcies and Nasdaq delisting. Hilbert with improper professional conduct for violating numerous professional standards in their third quarter 2017 interim review and 2017 annual audit of Sequential’s financial statements.

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Top 5 Accounting Issues to Master to Avoid Snags in SPAC IPOs

ThomsonReuters

The biggest thing in a De-SPACing transaction, depending on which SPAC the company merged with, is “having to get auditor attestation of your financials in your first year,” Bonnie Roe, Attorney, Cohen & Gresser LLP, said. Accounting Staff. There’s a lot that’s going to be required of people, process, and technology.

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In Wake of Coronavirus, Takeovers (And Liabilities) Loom

PYMNTS

In accounting terms, that means eyeing possible write-downs of assets, and “write-ups” of liabilities. Companies will need to monitor developments and ensure they are providing up-to-date and meaningful disclosures to their shareholders when preparing their year-end reports,” a spokesperson said, as reported by The Wall Street Journal.