New $25 Million Angel Investor Tax Credit Program to Encourage Early Investment in New Jersey’s Innovative and Emerging Technology Businesses

Legislation signed into law on January 31, 2013 by New Jersey Governor Chris Christie promises to provide corporate business tax credits and gross income tax credits to angel investors for up to ten percent (10%) of a qualified investment in an emerging technology business with a physical presence in New Jersey that conducts research, manufacturing […]

SEC Approves PCAOB Auditing Standard No. 16, Communications with Audit Committees

The Public Company Accounting Oversight Board (“PCAOB”) adopted , Communications with Audit Committees, which supersedes the interim standards of AU sec. 380, Communication with Audit Committees, and AU sec. 310, Appointment of the Independent Auditor.  Auditing Standard No. 16 is intended to improve audits by enhancing the relevance, timeliness and quality of communications between auditors […]