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May survives ‘no confidence’ vote over Brexit handling
British Prime Minister Theresa May withstood a parliamentary “no confidence” vote, keeping her efforts for a U.K. exit from the European Union on track, if not any less contentious and fragile.
Ted Baker launches probe into CEO ‘hugs’
Ray Kelvin, the founder of fashion retailer Ted Baker, stands accused of giving unwanted hugs to employees and has stepped down temporarily amid an investigation into allegations of sexual misconduct against him.
FRC issues corporate governance principles for private companies
The Financial Reporting Council (FRC) issued its long-awaited corporate governance standards for private companies, providing a framework to help the companies meet legal requirements and improve and disclose their governance.
FASB chair dismisses any delay of lease rules
Amid technology challenges and minor changes to the pending new lease accounting rules, FASB is standing firm on the Jan. 1 effective date.
Department of Justice investigating Grupo Aval
Grupo Aval recently received an inquiry from the Department of Justice concerning the Ruta del Sol 2 project, a highway project involving Brazilian construction company Odebrecht and one of Grupo Aval’s subsidiaries, Corficolombiana.
PCAOB plans continued focus on review controls in 2019
The PCAOB saw some improvement in the audit of management review controls during its 2018 inspections, but it’s still an area of focus into 2019.
- Partner Content | Ethics & Codes
Ridding toxins from corporate culture
There has been no shortage of companies making headlines recently for having in place a toxic corporate culture.
New GAAP rules drive audit fee increases, poll says
New accounting standards and M&A activity are driving modest increases in audit fees for public companies, according to a new FERF survey.
Amid likely defeat, May delays Brexit vote by MPs
Amid faltering odds that became apparent during three days of debate, British Prime Minister Theresa May has, at least temporarily, withdrawn her much-maligned Brexit plan from Parliamentary voting consideration.
Ellen Hunt of AARP on compliance at board level
Ellen Hunt joins columnist Tom Fox to explain the benefits she feels having a compliance expert on the board of directors at a company provides.
MPs release ‘secret’ Facebook emails
The U.K.'s Digital, Culture, Media and Sport (DCMS) Committee has released 250 pages of emails that show Mark Zuckerberg and other senior executives at Facebook gave certain app developers special access to user data.
House plans hearing on CECL's effect on economy, banks
The SEC may be hands-off with respect to CECL, but the House Financial Services Committee is exploring the expected effect of the accounting change on the economy.
Two big holdouts still follow 1992 COSO framework
A handful of holdouts are still disclosing they comply with SOX internal control reporting requirements by following a defunct COSO framework.
SAB 118 to ASC 740: Companies shift tax reporting
Shifting from one uncertain position to another, companies are facing a subtle but important change in how to explain tax reform to investors.
We chat with Greg Sawyers, product compliance officer at Temenos, a global company that specializes in enterprise software for banks and financial services, about how data privacy regimes are affecting financial institutions.
CAMs may drive more management disclosure, dry runs reveal
A pending requirement for auditors to disclose critical audit matters in their reports may compel management to take a closer look at their own disclosures.
Bilfinger: Deferred prosecution agreement concludes
A deferred prosecution agreement that Bilfinger entered into with the U.S. Department of Justice in 2013 has concluded, the Germany-based engineering group has announced.
SEC, PCAOB spill frustration over China stonewall
U.S. regulators are contemplating what next steps they can take to rattle some greater cooperation out of overseas regulators, especially in China.