SEC Sets 2016 Date For U.S. Cos. to Use IFRS

The SEC has proposed that all U.S. public companies transition to International Financial Reporting Standards by 2016. “The world should make no mistake,” says SEC Commissioner Elise Walter. “The SEC is serious about moving to IFRS.” The largest companies could be using the standard as soon as 2014.

Monitoring Guidance Nears

COSO guidance for monitoring internal controls, more than a year in the making, should be completed as soon as next month. “My goal is to have this finished in October,” lead author Trent Gazzaway tells Compliance Week.

Detecting and Preventing Collusion

Price fixing, allocation, and bid rigging—the three most notorious forms of collusion—are difficult to detect. Inside, Brent Snyder of the Justice Department’s Antitrust Division offers simple tactics companies can adopt to unravel potential procurement fraud.

The New Compliance Week

Welcome to the expanded and redesigned Compliance Week, with a new look and features built at the request of our subscribers.

SEC Updates FPI Disclosure Rules

The SEC has updated and modernized the disclosure requirements for foreign issuers offering securities in U.S. markets.

ARS Values Compliant, Inconsistent

According to a study by the Huron Group’s Joseph Floyd, disclosures of auction rate securities values are, well, let’s say “diverse.”

FASB Codifies Merger Guidance

The Financial Accounting Standards Board has added guidance on business combinations to its online tool, which should simplify research.

ERM a Priority, but Progress Slow

A Crowe Chizek study says risk management is a priority for CFOs and audit committee members, but it’s also one of their biggest challenges.

Who’s Coming, Going in GRC World

Jay Cohen, the global compliance leader at D&B, has been named chief compliance officer at Assurant. More personnel moves inside.

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