New York state Assembly Bill A3411B (“the Bill”) passed its third reading in the senate on March 9, 2026, sending it through the legislature and preparing it for delivery to Governor Kathy Hochul. If enacted, the Bill will require owners, licensees, and operators of generative AI systems to display a clear and conspicuous notice on […]
Disclosure
Critical Audit Matters Disclosure Implicates Information Technology and Security
As independent auditors to public companies and business development companies begin to make required disclosure of Critical Audit Matters (CAMs) to the audit committee, such reports are beginning to include discussion of information security programs and information technology controls. Independent auditors have treated material weaknesses in certain information technology controls as material weaknesses in internal […]