Articles | Compliance Week – Page 242
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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.
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ArticleTheresa May outlines her vision for Brexit
Two years after U.K. citizens voted for the country to withdraw from the European Union, Prime Minister Theresa May at last unveiled her vision of Brexit.
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Will new Mexican president make good on anti-corruption promises?
Business leaders and the compliance community anxiously wait to see if newly elected Mexican president Andrés Manuel López Obrador will make good on his pledge to fight corruption.
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ArticleProgress in extractive mining disclosures emerges, even as U.S. backs away
A new survey on oil, gas, and mining companies by Oxfam finds they are increasingly adopting full contract disclosure policies, despite governmental protestations. Nevertheless, it cautions, more work remains.
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SEC requires shift to integrated XBRL filing
A new requirement for companies to adopt some new XBRL technology will produce different levels of compliance burden depending on how companies are complying now.
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ArticleCompanies need to do a better job with crisis management
From natural disasters to cyber-security and supply chain disruptions, companies say they are prepared for a crisis, but those boasts often prove hollow when one hits.
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Danske Bank in hot water again over money laundering allegations
The Estonian subsidiary of Denmark’s largest bank may have laundered more than double the amount of dirty money than first thought, according to reports.
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Supreme Court decision upends state tax law compliance
A Supreme Court decision in a state sales tax case removed long-standing case law that told state governments they could only collect sales tax on commercial activity within their state borders from sellers that had a physical presence within those borders.
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ArticleManaging contracts in an evolving regulatory world
Knowing how to properly manage risk across the company’s entire contract portfolio is a critical part of maintaining compliance with contractual agreements and ensuring that contracts remain current and in line with regulatory requirements in the United States and abroad.
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French probing LafargeHolcim for violations in Syria
LafargeHolcim’s French unit has been placed under formal investigation over allegations the cement maker was “complicit in crimes against humanity” in Syria after admitting to paying funds to ISIS and other terrorist groups.
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When robots report to compliance
Adopting new technologies is critical for any compliance or audit department, but it’s equally important to choose the right technologies and implementations. The experts at CW’s recent innovation summit have some helpful advice.
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California is first state to enact a domestic take on EU data protections
Despite the economic clout of the tech sector, California’s state legislators have passed an extensive slate of data privacy rules that take their cue from the EU’s recently enacted General Data Protection Regulation rules.
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SEC unveils ideas for updating whistleblower program
In an effort to improve its whistleblower program and adapt it to recent Supreme Court demands, the SEC has proposed a slate of amendments to the rules that govern the initiative.
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Bank of England: EU not doing enough to combat Brexit risks to financial services
The Bank of England thinks the United Kingdom has made positive “progress” on handling the risks of disruption to financial services likely to be caused by Brexit, but adds there has been a lack of similar action from the European Union.