When should you take your internal accounting error/mistake or irregularity/fraud investigation outside?

Most every audit committee member, in-house counsel, other board member, CEO, CFO, risk officer, and chief internal auditor will at some time consider whether an accounting related investigation that is being done internally should be taken outside. The decision to stay inside or to go outside isn’t necessarily clear, and there certainly could be differing…

Continue reading

Email to someoneShare on Facebook1Google+1Tweet about this on TwitterShare on LinkedIn7Pin on Pinterest0

New California Trust Case – Trustee Not Liable For Beneficiary’s Personal Damages, And Also Not Liable For Beneficiary’s Failure To Take Action

Overview Williamson v. Brooks holds that a trustee is not liable for personal damages suffered by the beneficiary, and a trustee is not liable to the beneficiary if the beneficiary failed to diligently protect her interests. Williamson v. Brooks, California Court of Appeal, Second Appellate District (2d Civil No. B265745, decided January 31, 2017) Summary…

Continue reading

Email to someoneShare on Facebook0Google+0Tweet about this on TwitterShare on LinkedIn0Pin on Pinterest0