Audit, Compliance and Risk Blog

Employment Law: Is Your Workplace Injury and Illness Log Ready?

Posted by Jon Elliott on Wed, Jan 23, 2013

The Occupational Safety and Health Administration (OSHA) requires employers to prepare and maintain records of occupational injuries and illnesses (I&I Logs) as they occur. OSHA also requires employers to post an annual I&I Summary in each “establishment” within their workplace by February 1, summarizing that workplace’s I&Is during the previous calendar year. In states that administer federal standards within state-run programs, employers follow the comparable state requirements. Because of this posting requirement, January is the time to confirm that your facility has maintained an adequate I&I Log during the year, and to prepare your summary for each workplace.

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Tags: Corporate Governance, Business & Legal, Employer Best Practices, Health & Safety, Workplace violence

Expected Developments Affecting Accountants in 2013—Part 1, FASB

Posted by Ron Pippin on Mon, Jan 21, 2013

My last two blog postings discussed what happened in “Accounting Land” in the United States in 2012. But that’s history. What about the future? Let’s dust off the crystal ball and I’ll share with you my thoughts on developments that may occur in 2013, in a series of three blog articles.

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Tags: SEC, Accounting & Tax, Lease Accounting, Accountants, US GAAP

Hazardous Material Regulations: Don't Forget Your 2012 Hazmat Inventory

Posted by Jon Elliott on Fri, Jan 18, 2013

If your facility handles sufficient quantities of hazardous materials (“hazmat”), then federal laws and regulations—specifically the federal Emergency Planning and Community Right-to-Know Act of 1986 (EPCRA)—requires you to compile and submit an annual inventory of qualifying hazmats to state and local agencies. Although EPCRA allows for abbreviated reporting (“Tier 1”) and full reporting (“Tier 2”), all states presently require Tier 2 reporting. Most agencies require facilities to use EPA’s “Tier 2” reporting forms and/or “Tier2/Submit” software, but some states have promulgated their own variants. Inventory reports are due on March 1 for the preceding calendar year, so January is a great time to confirm that your facility has collected and stored the appropriate data.

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Tags: Health & Safety, Environmental risks, Environmental, EHS, EPA, Hazcom

Understanding Insurance Law: 3 Important Cases in 2012 - Part 2

Posted by Barry Zalma on Wed, Jan 16, 2013

As part of the year in review series, insurance expert Barry Zalma identifies his three most significant insurance law cases of 2012. Here is his second selection:

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Tags: Business & Legal, Health & Safety, Insurance, Insurance Claims

2012 Roundup: Securities and Exchange Commission

Posted by Jon Elliott on Mon, Jan 14, 2013

SEC activities during 2012 have been dominated by its efforts to issue rules required by two major pieces of recent legislation:

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Tags: Corporate Governance, SEC, Audit Standards, JOBS Act

Opportunities For Learning: Free STC Webinar Open To All

Posted by Melanie Powers on Fri, Jan 11, 2013

Essentials of Stationary Reciprocating Internal Combustion Engines (RICE) MACT Compliance

Date: Thursday, January 24, 2013
Time: 2:00 PM - 3:00 PM EDT
Free! All are welcome

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Tags: Environmental risks, Environmental, EHS, EPA, mact, Webinar, NSPS

Employment Law: NLRB Revisits Work-Related Social Media Postings

Posted by Jon Elliott on Wed, Jan 09, 2013

Do you ever discuss work with co-worker friends on Facebook or other social media sites? Or, if you’re an employer, do you worry about what your employees may post about work on their Facebook pages—even when they do so from home after hours?

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Tags: Business & Legal, Employer Best Practices, Employee Rights, Internet, NLRB

Understanding Insurance Law: 3 Important Cases in 2012 - Part 1

Posted by Barry Zalma on Mon, Jan 07, 2013

As part of the year in review series, insurance expert Barry Zalma identifies his three most significant insurance law cases of 2012. Here is his first choice:

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Tags: Business & Legal, California Legislation, Environmental, Insurance, Insurance Claims

2012: A Year in Review for Accountants—Part 2, Auditing and SEC

Posted by Ron Pippin on Fri, Jan 04, 2013

This is the second of two blog articles on 2012 changes in the literature frequently used by accountants. Previously, I covered accounting developments in the United States and internationally. This article covers developments affecting companies (registrants) subject to Securities and Exchange Commission (SEC) oversight and auditing developments.

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Tags: SEC, Accounting & Tax, Audit Standards, Accountants, JOBS Act, US GAAP, GAAP, IFRS, Internal Control

2012: A Year in Review for Accountants—Part 1, Accounting Standards

Posted by Ron Pippin on Fri, Dec 21, 2012

As 2012 comes to a close, it is time for accountants in the United States to reflect on new financial reporting rules or developments and what may transpire in 2013. This is the first of two blog articles on the topic. In this article, I cover accounting developments in the United States and internationally. The second article will cover Securities and Exchange Commission (SEC) developments and auditing developments.

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Tags: SEC, Accounting & Tax, Lease Accounting, Accountants, US GAAP, GAAP, IFRS, Decision on IFRS