FEW ISSUES INVOLVING THE PREPARATION of financial statements in conformity with generally accepted accounting principles have been more elusive and difficult to address and resolve—or of greater ...

In an unsurprising decision, the Court declined to raise the bar for the certification of securities class actions by requiring plaintiffs to establish the materiality of alleged misstatements to ...

Securities plaintiffs must demonstrate reliance on a material misrepresentation in order to prove a violation of Section 10(b) of the Securities Exchange Act and SEC Rule 10-b. However, the Supreme ...

Determining overall group materiality and materiality levels for individual components is becoming more of a hot-button issue as the number and complexity of large and international group audits ...