Mr. Levin plans to offer an amendment that would empower the S.E.C., without first going to court, to ban "unfit" officers and directors from publicly traded companies; fine accountants, lawyers, companies, executives and directors who violate securities laws; and obtain records for financial investigations without disclosing the subpoenas.
To obtain fines against accountants, lawyers, corporate officers and directors or anyone else who violates securities laws, the agency must go to federal court.
There will be a new strict liability criminal offence of tax evasion, and heavier fines for accountants and lawyers who assist it, as well as the possibility of a new criminal offence for them, too.
And this hands-off approach is fine with some accountants.
And that's fine, because a good accountant's skills are incredibly important for firms.
A two-page résumé may be perfectly fine for an experienced accountant but not for an experienced scientist.
Huge fines for banks, accountants and companies that help people evade tax will be announced in next month's Budget following the scandal at HSBC's Swiss division.
Government proposals to impose heavy fines on banks, accountants and lawyers who market tax avoidance schemes will fail without more resources for HM Revenue & Customs to pursue offenders, campaigners have said.
Update: it's almost certainly with accountants fine-tuning pro-forma numbers as the listing day approaches, with the GM deal not reflected in the S-1 numbers today.
(Note: This could also be to do with Facebook reducing a share allocation with the shares being sold by others increasing. We're trying to find out.) Update: it's almost certainly with accountants fine-tuning pro-forma numbers as the listing day approaches, with the GM deal not reflected in the S-1 numbers today.
Paul Chambers, a former trainee accountant who was fined £1,000 after posting a message to the social network Twitter joking about blowing up an airport, is to appeal against his conviction.
