Articles | Compliance Week – Page 178
-
Article
DaVita names chief accounting officer
Healthcare provider DaVita has named John Winstel as chief accounting officer. He will succeed Jim Hilger in this role, who will be stepping down early next year, no later than March 3, 2020.
-
Article
LP appoints controller and chief accounting officer
Louisiana-Pacific, a building materials manufacturer, announced the appointment of Derek Doyle to vice president, controller, and chief accounting officer, effective immediately.
-
ArticleUnder Armour facing SEC, DOJ accountancy probes
Following disclosure of the federal government’s investigation into allegations of sales manipulation dating back to 2017, sports apparel company Under Armour maintains its accounting practices are “appropriate.”
-
ArticleSEC champions proposals to amend outdated proxy solicitation rules
SEC Chair Jay Clayton and Commissioner Elad Roisman, among others, convened a roundtable to explore proposals to proxy voting rules calling for consistent regulation across the markets and better disclosure of conflicts to clients.
-
ArticleVolvo becomes latest to join Responsible Sourcing Blockchain Network
The Responsible Sourcing Blockchain Network announced its digital supply chain for cobalt has moved beyond pilot phase and is progressing toward use in live production computing environments from spring 2020, just as Volvo joins as its newest member.
-
ArticleIFAC: Strong support for international accounting standards
A first-of-its-kind report from the International Federation of Accountants shows “strong and sustained support” for both the adoption and implementation of international standards.
-
ArticleAsk Amii mailbag: Steps to encourage employees to speak up
This edition of the Ask Amii mailbag offers tips on how to ensure your employees feel safe blowing the whistle, suggestions for encouraging collaboration, and advice for data managers on how to manage data ethically and responsibly in a segmented firm.
-
ArticleFRC reveals key trends in U.K. accountancy profession
A new report from the U.K.’s Financial Reporting Council says the Big Four increased their combined “total fee income” by 4.7 percent—even amid a year fraught with accounting scandal.
-
ArticleEuropean Commission probing two retailers for possible collusion
The European Commission announced it has opened a formal antitrust investigation to assess whether two French groups of retailers—Casino Guichard-Perrachon and Les Mousquetaires—have coordinated their conduct in the market in breach of EU competition rules.
-
ArticleVeon’s compliance monitorship comes to an end
Veon, a global provider of connectivity and digital services, has announced a deferred prosecution agreement it entered with the U.S. Department of Justice in February 2016 has concluded.
-
ArticleSurvey: Board governance issues expanding amid volatility
The role board directors of public companies play in providing oversight and governance around business strategy, investments, and policies—and their focus on emerging issues—has reached new heights, according to the findings of BDO’s 2019 board survey.
-
ArticleTime to reassess the meaning of ‘compliance’
Deutsche Bank is just the latest scandal-plagued bank to make headlines, once again, for ignoring sound compliance advice. Maybe it’s time to eliminate the entire concept of compliance altogether, writes an exasperated Jaclyn Jaeger.
-
ArticleSEC bars chief compliance officer for role in overbilling scheme
The former chief compliance officer of Yellowstone Partners, a now-defunct registered investment advisory firm, has been barred from practice for his role in an overbilling scheme that defrauded clients out of $11.8 million.
-
ArticlePCAOB sanctions Deloitte, BDO affiliates
The PCAOB, recently under fire for its lack of enforcement, has imposed sanctions on Deloitte Korea and BDO Mexico for altering audit documentation in anticipation of inspections.
-
ArticleUnaoil execs plead guilty for roles in global bribery scheme
The former CEO and chief operations officer of Monaco-based Unaoil have pleaded guilty for their roles in a scheme to corruptly facilitate millions of dollars in bribe payments to officials in multiple countries.
-
ArticleDOJ recovers $700M in 1MDB scandal
Jho Low, a Malaysian businessman-turned-fugitive, has agreed to forfeit more than $700 million worth of assets that he and his family allegedly misappropriated from Malaysian’s sovereign-wealth fund, 1MDB.
-
Article
Tripwire, HITRUST partner on compliance standards
Tripwire has partnered with HITRUST to help healthcare organizations achieve compliance with the HITRUST Common Security Framework and maintain a robust cyber-security posture.
-
Article
New NICE Actimize offering aimed at fighting fraud
NICE Actimize has introduced its Federated Learning capability designed to provide financial services organizations with higher fraud detection rates.
-
Article
FortifyData, InterDev partner on cyber risk
FortifyData and InterDev announced a partnership that will allow InterDev to offer its customers FortifyData’s cyber-risk management platform as part of their managed security services.
-
ArticleMattel ousts CFO after accounting probe reveals weaknesses
Following an investigation spurred by a whistleblower letter, Mattel announced it has uncovered material weaknesses in its internal controls over financial reporting and is now working to remediate the issues.