Articles | Compliance Week – Page 233
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ArticleAs technology evolves, so do accounting and finance leaders
A new study from Robert Half and the Financial Executives Research Foundation reveals how evolving technology is rapidly enhancing the accounting and finance functions.
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Public comments on SEC’s ‘best interest’ rule hit a deadline
The general public, ahead of Tuesday’s deadline for public comment, has offered constructive criticism of the SEC’s Regulation Best Interest.
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ArticleCompanies shift gears in final push to adopt lease rules
The countdown to new lease accounting is causing some companies to shift gears, concerned they can’t make the deadline following their original adoption plans.
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Implementing the FRC’s ‘Guidance on the Strategic Report’
The Financial Reporting Council has published revised guidance addressing strategic reports, aiming to help organizations make such reports more informative and relevant to stakeholders.
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FCA’s limited powers give Royal Bank of Scotland a pass
The Royal Bank of Scotland has escaped penalties for its alleged abuse of small businesses, due to the Financial Conduct Authority’s admitted lack of sway.
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Government clears way for FinTech firms to compete with banks
In separate developments announced July 31, the U.S. Department of Treasury and the Office of the Comptroller of the Currency paved the way for FinTech firms and other non-banks to more easily compete with traditional banks. Once again, opponents are threatening legal action.
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ArticleGlobal Slavery Index: U.S. has most at-risk imports among G20
The United States is the world’s largest importer of goods at risk of being produced through modern slavery among G20 countries, followed by Japan, Germany, the United Kingdom, and France, according to the 2018 Global Slavery Index.
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Non-GAAP reporting smooths currency-driven volatility
As trade and tariff wars wage on, companies use non-GAAP accounting to try to explain the resulting currency volatility in reported financial results.
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MPs slam U.K. attitude to workplace sexual harassment
Employers, regulators, and the U.K. government are not doing enough to tackle “widespread” instances of sexual harassment in the workplace, according to Members of Parliament committee.
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New index ranks countries by level of ‘compliance complexity’
Companies looking to expand their global footprint or invest for the first time in new, unfamiliar regions of the world may want to check out a new index that ranks countries by the complexity of their compliance requirements.
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Senate committee considers Elad Roisman for SEC vacancy
Elad Roisman, a Republican nominated as an SEC commissioner, made his pitch Tuesday for the job during a nomination hearing before the Senate Banking Committee.
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Ethics training in the #MeToo era
NAVEX Global’s 2018 Ethics & Compliance Training Benchmark Report shows how the #MeToo movement has altered the ethics and compliance landscape in drastic ways.
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CFPB nominee stonewalls way through Senate hearing
Kathy Kraninger is likely to prevail as President Trump’s nominee to head the CFPB, despite her evasive performance during a hearing before the Senate Banking Committee.
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ArticleCalifornia data privacy law creates complications beyond GDPR compliance
To consider California’s new Consumer Privacy Act a locally ported version of the EU’s GDPR regime may be understating the full scope of the newly enacted approach to data privacy.
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Revenue 2.0: Work continues to adapt to new rules
Even after calendar-yer companies have filed their first-quarter reports reflecting a new way to recognize revenue, work continues to adapt to the new rules.
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SEC modernizes rules on employee stock compensation
The SEC on Wednesday issued final rules that would raise the threshold for the enhanced disclosure requirement under Securities Act Rule 701, which allows companies to more easily pay their employees in stock.
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New U.K. rules broaden accountability of senior managers
Britain’s financial services industry is bracing for new rules that will significantly broaden the scope of senior executives who will be personally held to account to U.K. regulators for failures that occur under their watch.
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U.K. businesses poke holes in Brexit plan
The U.K. government’s blueprint on how it thinks Brexit should pan out was hardly going to please everyone, and in that regard it has lived up to expectations.
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Big 4 fill gap in GAAP on accounting for digital currency
With no explicit guidance in GAAP on how to account for business done in digital currency, Big 4 firms are starting to arrive at conclusions of their own.
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Revised U.K. governance code gives workers more of a voice
The U.K.’s corporate governance regulator on Monday announced a series of changes to improve public trust in large companies following criticism that boards are still too interested in fat-cat pay deals and short-term goals, and investors are too sleepy or timid to exert proper influence.