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Winston & Strawn Welcomes Caryn Jacobs To Chicago Office

CHICAGO - Winston & Strawn LLP has announced that Caryn L. Jacobs, a prominent litigator focusing on securities, accounting and auditing professional liability and ERISA litigation, has joined its litigation department in Chicago as a partner. Jacobs brings more than 20 years of sophisticated...

Objectant in executor’s accounting proceeding entitled to order permitting deposition to be conducted by video conference

Matter of Herman 30 Misc. 3d 1215A, 2011 N.Y. Misc. LEXIS 100, 2011 NY Slip Op 50072U (Sur. Ct. Nassau County 2011), Decided January 20, 2011 [ enhanced version available to lexis.com subscribers ] In an executor's accounting proceeding, the objectant moved for an order permitting his deposition...

How to Compel an Accounting from a Reluctant Trustee--and How a Trustee May Defend Such a Request

How do you advise a trust beneficiary who has repeatedly requested information from a trustee of a trust in which the beneficiary has an interest, only to be met with silence, delay, or incomplete and inconsistent responses? In this Analysis, trust litigator Dawn Hall Cauthen discusses this frequently...

ABA PUCAT Taxation & Accounting Committee Fall 2011 Report

Excerpt: Introduction This report reviews significant tax law developments relevant to the Section of Public Utility, Communications and Transportation Law. On September 12, 2011, President Obama submitted the American Jobs Act of 2011 (S. 1549 and H.R. 2911) (the "Jobs Act") to Congress...

New York Court Rejects Objections to Settlor/Trustee’s Investment Decisions

Status To Object By Hon. C. Raymond Radigan, Ruskin Moscou Faltischek, P.C. In a contested accounting proceeding one may not object to the actions of a settlor/trustee concerning investment decisions made during the lifetime of the settlor and may not object to the actions of a trustee of a trust...

Pension and Postretirement Benefit Accounting

Pension and postretirement benefits represent a significant cost to employers. The Financial Accounting Standards Board has specified that postretirement benefits are a form of deferred compensation. FASB concluded that the obligation to provide postretirement benefits is incurred as the employee renders...

Government Accounting -- Accounting Issues in Pensions and Other Postemployment Benefits

By Edward W. Stepnick CPA, G. Robert Smith Ph.D. C.P.A. C.G.F.M and Dwayne N. McSwain CPA* Employee pensions and other postemployment benefits (OPEB), such as healthcare, life insurance, disability, and long-term care benefits, are significant elements of cost for state and local governments. This...

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Real Property Long-Term Contract Accounting Requirements and Dynamics

By Patricia Hughes Mills J.D. LL.M Subject to Internal Revenue Code and regulatory requirements, the method of accounting adopted by a taxpayer determines when items of income and expense are reportable for federal income tax purposes. Different accounting methods may apply for different businesses...

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Construction Law Musings – Reminder: Your Accounting and Other Records Matter

Recently, I’ve posted on mechanic’s lien changes , mediation and other more “legal” topics here at Construction Law Musings . Today’s post is a practical one and one that will help your friendly neighborhood construction attorney greatly should a dispute arise. The tip...