Unmanned Aircraft Systems and Cybersecurity Alert: President Obama Issues Presidential Memorandum on Unmanned Aircraft Systems Privacy, Launches Department of Commerce Multi-Stakeholder Privacy Process
Electronic Discovery Alert: Federal Court Reaffirms Approval of Technology-Assisted Document Review
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The Securities and Exchange Commission published a proposed roadmap for the use of International Financial Reporting Standards. Under the roadmap, IFRS would, over time, replace U.S. generally accepted accounting principles for all SEC filings of U.S. issuers. The SEC currently permits foreign private issuers to present their financial statements in accordance with IFRS, as promulgated by the International Accounting Standards Board without reconciliation to U.S. GAAP.