Dudley W. Murrey

PCAOB Proposes New Audit Standard for Related Party Transactions and Excites Concern About Auditor Involvement in Executive Compensation Decisions
Quentin Collin Faust,Dudley W. Murrey, April 10, 2012
As the Public Company Accounting Oversight Board (PCAOB) inspects audits conducted by the registered independent accounting firms it regulates, it continues to see numerous audit failures relating to the accounting for, and disclosure of, related party and significant unusual transactions. To...

Recent SEC Staff Comments Challenge Reporting of Equity Compensation
Melinda Held Brunger,Christopher R. Fenelon,Muriel C. McFarling,Dudley W. Murrey, March 13, 2012
Recent correspondence between the staff (Staff) of the Securities and Exchange Commission’s Division of Corporation Finance and Verizon Communications Inc. (Verizon) emphasizes the difficulties inherent in reporting executive compensation in the summary compensation table (SCT). In the...

ISS Publishes Guidance on New Methodology for Evaluating Pay-for-Performance Alignment and Updates to its Governance Risk Indicators
Jeff C. Dodd,Edward (Ted) A. Gilman,Dudley W. Murrey, January 13, 2012
As discussed in our previous client alert, Institutional Shareholder Services (ISS), the leading proxy advisory firm, will employ a new methodology for determining pay-for-performance alignment when making voting recommendations at public company shareholder meetings held on or after February 1,...