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  • Grant Thornton Ordered to Pay $100 Million in Tax Shelter Lawsuit

    From Accounting Today: A Kentucky circuit court judge has ruled that Grant Thornton is liable for more than $100 million in damages to be paid to a business owner and his family after he was sold an offshore tax shelter that the Internal Revenue Service considered abusive. After a month-long trial, Kenton Circuit Court judge Patricia Summe ordered Grant Thornton to pay Bill Yung, the president of the Crestview Hills, Ky.-based hotel company Columbia Sussex, his wife Martha and the 1994 William…

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    Started by Teresa Bockwoldt in APPurchasing 0 Replies
  • HIPAA compliance: Questions linger about liability

    From FierceHealthIT:  With only two weeks to go before organizations must meet HIPAA compliance under the omnibus rule published in January, questions about liability--who's responsible and for what--are becoming increasingly frequent, according to Kathy Kudner, a healthcare attorney with law firm Dykem Gossett. Kudner, in an interview with HealthITSecurity.com, said that while larger hospitals seem to be on the right track, that's not necessarily the case for smaller organizations such as…

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    Started by Teresa Bockwoldt in HRPayroll 0 Replies

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