Protecting a company from embezzlement requires that in-house lawyers have a basic understanding of various accounting roles and when to call in expert help, writes Frank L. McElroy.
How Forensic Accountants Differ From Auditors
Forensic accountants are uniquely suited to help in-house counsel address issues involving financial reporting, accounting and internal controls. Understanding what forensic accountants do, and how their role differs from other accounting and auditing functions, can help in-house lawyers best utilize their skills, writes Elizabeth M. Junell.
CFTC Kicks Into High Gear
For decades, most companies didn’t worry much about the U.S. Commodity Futures Trading Commission, an obscure regulatory backwater whose lawyers brought a few dozen enforcement actions a year. Now, the mouse is starting to roar, writes Jenna Greene.