Monday, March 27, 2023
Minding the Gaps in Your Non-GAAP Disclosure Controls
On March 14, 2023, the Securities and Exchange Commission (the “SEC”) announced that it charged DXC Technology Company, an IT services company (“DXC”), with making misleading disclosures about its non-GAAP financial performance measures[1] during periods from 2018 until 2020. DXC settled the charges with the SEC and agreed to pay...
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Friday, March 24, 2023
2023 Legislative Update: Regular Session Resumes - Week Three
Last Thursday, the special session on ARPA funds concluded, and we resumed regular session this week. The Governor’s Budget Requests & Rebates On Tuesday, Governor Kay Ivey sent her proposed budgets across the street to the Alabama Legislature. The General Fund is the funding mechanism for Alabama’s non-education-related expenditures. In...
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Monday, March 20, 2023
At Long at Last: COVID-19 National Emergency & Outbreak Period Set to End
After much anticipation from employer plan sponsors, the Biden Administration will end the COVID-19 national emergency and public health emergency declarations (the “National Emergency” and the “PHE”, respectively) that have been in place since 2020 on May 11, 2023. As detailed herein, this also means that the Outbreak Period will...
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