How Low Can They Go


How Low Can They Go?
S ecurities fraud class action lawsuits fell to a record low in 2006, says a report by Stanford Law School’s Securities Class Action Clearinghouse. The number of cases filed was the lowest since the adoption of the Public Securities Litigation Reform Act of 1995. Securities fraud class actions fell by 38% compared with 2005, from 178 filings to 110, making 2006’s numbers nearly 43% lower than the 10-year historical average of 193.

Twenty class actions related to options backdating allegations were filed in 2006. Last year’s complaints contained more allegations of specific accounting irregularities compared with 2005.

Source: http://securities.stanford.edu .

SIGN OF THE TIMES

SPONSORED REPORT

In focus: Payroll

Providing payroll services that comply with ever-changing regulations and meet evolving employee and employer demands is no easy task. Paychex's Tom Hammond discusses common payroll considerations for CPA firms.

PODCAST

A closer look at threats to CPA licensure

Legislation in states around the country could put CPA licensure in danger. This episode examines what practitioners need to know to help ensure the profession is protected.