Articles | Compliance Week – Page 152
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ArticleKPMG faces $306M negligence claim over Carillion audit
U.K. government liquidators are preparing to sue KPMG for £250 million (U.S. $306 million) over alleged negligence in its audits of collapsed construction firm Carillion.
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ArticleLuckin Coffee fires CEO, COO over accounting scandal
Luckin Coffee, the China-based equivalent of Starbucks roiled by allegations of fabricating millions in 2019 sales, has fired its CEO and reshuffled top leadership as part of its ongoing internal probe.
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ArticleEx-Walmart lawyer alleges ‘retaliatory’ firing for Mexico report
A former member of Walmart’s legal team is suing the retail company for what he alleges was a “retaliatory, negligent, and careless” investigation ultimately resulting in wrongful termination.
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ArticlePCAOB inspection pause ends without extension
The Public Company Accounting Oversight Board announced the conclusion of its coronavirus-related 45-day relief period on audit inspections without an extension.
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ArticleAnalysis: Oil collapse leaves Singapore traders scrambling
Recent fraud complaints at oil traders in Singapore highlight the risks in the international business of commodity finance, where high prices provide high rewards and low prices can leave lenders exposed.
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ArticleDutch DPA probing TikTok over children’s privacy
The Dutch Data Protection Authority has launched an investigation into popular social networking service TikTok over whether children’s privacy is being adequately protected.
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ArticleEmbattled Wirecard appoints new CCO
Under investigation for suspected market manipulation, Wirecard has named James Freis as its new chief compliance officer amid several organizational changes.
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ArticleAmazon shuttered in France over COVID-19 emergency costs
E-commerce giant Amazon has shut up shop in France because the cost of compliance with the country’s COVID-19 emergency measures is deemed to be too high.
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ArticleMiMedx names new accounting chief post fraud settlement
Biotech company MiMedx Group, which last November settled an alleged case of accounting fraud with the SEC, announced the appointment of William Phelan as senior vice president and chief accounting officer.
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ArticleAnalysis: The problem with keeping a secret
You can’t hide behind the numbers, as numerous banks, including Bank Hapoalim, found out recently when rampant tax evasion took hold in Switzerland.
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ArticleRewriting the cyber-compliance playbook
Former U.S. deputy attorney general Rod Rosenstein provides some best practices companies can employ in their fight against a new era of cyber-crime.
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ArticleSeven tips for internal investigations in the age of coronavirus
For companies, compliance professionals, and lawyers who are currently conducting or about to begin complicated internal investigations remotely, we suggest a few practical pointers.
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Deutsche Bank goes internal with general counsel replacement
Deutsche Bank announced Karen Kuder has been appointed general counsel and global head of its legal department. The move comes roughly a week after the bank mutually parted ways with former General Counsel Florian Drinhausen.
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Kickstarter adds general counsel from Uber
Crowdfunding platform Kickstarter has appointed Nicole Benincasa as general counsel. Benincasa spent seven years at Uber, serving as senior counsel, global safety since September 2019.
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Guardian Life names general counsel
The Guardian Life Insurance Company of America announced Kermitt Brooks has joined the company as executive vice president and general counsel.
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Albertsons Companies tabs general counsel
Albertsons Companies, operator of Shaw’s, Star Market, Safeway, and other food and drug retailers, announced Juliette Pryor has been named executive vice president and general counsel.
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Texas State adds first chief compliance officer
Texas State University announced the appointment of Bobby Mason to the newly created position of assistant vice president for institutional compliance and chief compliance officer following a national search.
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Foundation Building Materials names new accounting chief
Construction materials distributor Foundation Building Materials announced its board of directors appointed Onur Demirkaya as chief accounting officer, effective May 12.
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Menlo Ventures welcomes general counsel
Silicon Valley venture capital firm Menlo Ventures announced the appointment of Deborah Carrillo as general counsel.
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Radisson appoints APAC general counsel
Radisson Hotel Group has appointed Nisha Menon as general counsel, Asia Pacific. She will be responsible for all legal matters and issues of corporate governance in Asia Pacific.