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New BNA Accounting Portfolio Looks at Strategies for Individuals Involved in SEC Investigations

NEWS RELEASE

Contacts:
Mark Carrington
(202) 530-1728

Washington, DC (February 20, 2007) – BNA®, publisher of the authoritative and universally recognized Tax Management Portfolio series analyzing primarily tax issues, has released the latest addition to its Accounting Policy & Practice Series™.  Portfolio 5505, Strategies for an Individual Involved in an SEC Financial Reporting Investigation, analyzes the issues facing an officer, director, or employee of a public company under SEC investigation for potential financial reporting violations—focusing on the need for those individuals to look out for themselves when their interests conflict with the company's priorities.

Strategies for an Individual Involved in an SEC Financial Reporting Investigation covers a broad range of topics within the body of federal securities laws, including illustrative cases and comments from the author's experience as an SEC attorney.  Written in the vernacular to make the information accessible to nonlawyers, the Portfolio is intended first and foremost as a practical aid to the officers, directors, and employees of public companies.

The Portfolio examines how individual and corporate interests may conflict and outlines strategies individuals can follow to protect themselves.  The investigative process is discussed as an individual would likely experience it, particularly the decision whether to testify or assert the Fifth Amendment right against self-incrimination, as well as the possibility of becoming a cooperating witness for the government.  Theories of liability, sanctions, and the settlement process are presented, along with factors affecting the ultimate question of whether to settle or litigate.

This Portfolio may be cited as BNA Tax and Accounting Portfolio 5505, Wang, Strategies for an Individual Involved in an SEC Financial Reporting Investigation (Accounting Policy & Practice Series).  This Portfolio complements two other titles in the Accounting Policy and Practice Series:  Portfolio 5503, Managing Legal Risk in the Financial Reporting Process and Portfolio 5504, A Strategic Approach to SEC Investigations.

Leonard W. Wang, B.A. (Economics and Political Science) and J.D., University of Wisconsin-Madison, elected to Phi Beta Kappa, Phi Kappa Phi, the Order of the Coif and the editorial board of the Wisconsin Law Review; member, the District of Columbia Bar and the State Bar of Wisconsin; former Assistant Director, Division of Enforcement, U.S. Securities and Exchange Commission. During a 22-year career at the SEC, Mr. Wang received the Chairman's Award For Excellence, the Stanley Sporkin Award, the Capital Markets Award, and the Division of Enforcement Director's Award.  Mr. Wang may be contacted at wangleonardw@yahoo.com.

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About BNA®
BNA is the foremost publisher of print and electronic news, analysis, and reference products, including the recently launched Accounting Policy & Practice Series.  BNA publications intensely cover legal and regulatory developments for professionals in business and government. BNA is the oldest wholly employee-owned company in the United States, and produces more than 200 news and information services — including Daily Labor Report and Daily Tax Report — widely respected for comprehensive and objective reporting and analysis.

For more information about the Accounting Policy & Practice Series, call (800) 372-1033.