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Tag: Accounting Standards

A Small-Screen Patent Infringement Case With A Large Royalty Payment On The Line – Patent

Posted on June 30, 2022 By admin No Comments on A Small-Screen Patent Infringement Case With A Large Royalty Payment On The Line – Patent
A Small-Screen Patent Infringement Case With A Large Royalty Payment On The Line – Patent

In Rovi v Videotron, 2022 FC 874, Rovi alleged infringement by Videotron of four patents with respect to interactive television program guides. Rovi sought an accounting of Videotron’s profits or, in the alternative, damages in the form of a royalty. The Federal Court (the “Court”) ultimately held the patents at issues to be invalid or…

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Law

‘Obvious Accounting Mistake’ Sees High Court Sink Arbitrator’s Award In Rare Duty Of Fairness Challenge – Arbitration & Dispute Resolution

Posted on June 20, 2022 By admin No Comments on ‘Obvious Accounting Mistake’ Sees High Court Sink Arbitrator’s Award In Rare Duty Of Fairness Challenge – Arbitration & Dispute Resolution
‘Obvious Accounting Mistake’ Sees High Court Sink Arbitrator’s Award In Rare Duty Of Fairness Challenge – Arbitration & Dispute Resolution

Court rules arbitrator inflated award by over $ 9,000 after mistakenly including unsuccessful counterclaim In Ducat Maritime Ltd v Lavender Shipmanagement Inc [2022] EWHC 766 (Comm), the English High Court set aside part of an award under section 68 (2) (a) of the Arbitration Act on grounds an “obvious accounting mistake” by an arbitrator breached…

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Law

ASIC financial reporting guidance for AFSL holders – Financial Services

Posted on June 11, 2022 By admin No Comments on ASIC financial reporting guidance for AFSL holders – Financial Services
ASIC financial reporting guidance for AFSL holders – Financial Services

To print this article, all you need is to be registered or login on Mondaq.com. All Australian Financial Services Licensees (AFSLs) are now required to prepare general purpose financial statements (GPFS) as a result of the new Australian Financial Reporting Framework issued by the Australian Accounting Standards Board (AASB). ASIC has just released additional guidance…

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Law

SEC Acting Chief Accountant Cautions Against “Checklist Compliance” Approach To Auditor Independence – Accounting Standards

Posted on June 10, 2022 By admin No Comments on SEC Acting Chief Accountant Cautions Against “Checklist Compliance” Approach To Auditor Independence – Accounting Standards
SEC Acting Chief Accountant Cautions Against “Checklist Compliance” Approach To Auditor Independence – Accounting Standards

To print this article, all you need is to be registered or login on Mondaq.com. SEC Acting Chief Accountant Paul Munter re-emphasized the SEC’s focus on auditor independence in his June 8 statement on “The Critical Importance of the General Standard of Auditor Independence and an Ethical Culture for the Accounting Profession.” This latest statement…

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Law

Six Under-The-Radar Accounting Pitfalls When Buying A Business – Corporate and Company Law

Posted on June 9, 2022 By admin No Comments on Six Under-The-Radar Accounting Pitfalls When Buying A Business – Corporate and Company Law
Six Under-The-Radar Accounting Pitfalls When Buying A Business – Corporate and Company Law

by Armand Capisciolto and Mary Mathews The many operational challenges of merging two companies push some critical accounting issues down the agenda. With so many deals ending in failure, the acquirer’s C-suite tends to focus more on fundamentals than on financial reporting. In truth, leaders buying a company can save themselves time and money by…

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Law

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