Former CFO Andrew Fastow discussed his role in Enron's bust at a conference held by the Association of Certified Fraud Examiners. Each year, the conference's closing speech is given by a white-collar criminal.
Employer-provided retirement plans in states where same-sex marriage is legal could see changes after the Supreme Court ruled in favor of federal recognition of such marriages. "Getting clarification on how it works as quickly as possible is important," said Scott Macey of the ERISA Industry Committee. "What [employers] don't want is inconsistency from state to state or new administrative burdens." Pensions & Investments (free access for SmartBrief readers)(6/26)
The Financial Accounting Standards Board on Wednesday released proposed guidance that would spell out in U.S. generally accepted accounting principles management responsibilities for evaluation and disclosure of concern uncertainties. The guidance would apply to public and private companies and not-for-profit organizations.