January 19, 2005

Double-Header Coming Up!

As the grace period for those of you that have not renewed yet for expires in a few days, bear in mind these upcoming two webcasts: On Wednesday, February 2 – “Demystifying Internal Controls Disclosures” – featuring John Huber of Latham & Watkins; Linda Griggs of Morgan Lewis, Mike Hermsen of Mayer Brown and David Lynn, Chief Counsel, Division of Corporation Finance, SEC. Join them to learn how to cope and prepare new and complex disclosures as the new rules take effect!

And on Tuesday, February 8, check out – “Last Minute Planning for the Proxy Season” – featuring Amy Goodman of Gibson, Dunn, Karl Groskaufmanis of Fried Frank, David Katz of Wachtell Lipton, and Michael Ullman of Johnson & Johnson. By popular demand, guidance from the experts to make sure you haven’t overlooked anything this proxy season!

[Thanks to Amy Goodman and Gibson Dunn for this fantastic updated audit committee checklist, that is posted in the Audit Committee Practice Area.]

To avoid missing these webcasts, renew for today!

Big Four Seeks Protection From Legal Action

The Business Roundtable is urging regulators to limit the liability accounting firms face from potential negligence claims. And as reflected by proposals on proportionate liability currently under consideration in the United Kingdom, the Big Four also is seeking protection from legal action in other countries.

Right now, E&Y faces a mulit-billion dollar claim from Equitable – and Deloitte is being sued in the US courts by the administrators of Italian dairy Parmalat. The $10 billion lawsuit could destroy Deloitte if successful.

EDGAR Open; SEC Closed for Inauguration

Even though the SEC is closed for the Inauguration tomorrow, according to this press release, EDGAR is open since it is not an official federal holiday.