Facebook will pay $5 million and implement a series of anti-discrimination policies to settle a lawsuit brought against it by national fair-housing advocates.
Joe Mont
Posted inAccounting & Auditing
Despite decades of scrutiny, auditor independence remains a challenge
Even with clear-cut expectations, audit firms still find new and unique ways to run afoul of the SEC’s independence rules. Among the culprits: the money-making potential of non-audit services.
Posted inAccounting & Auditing
The benefits and struggles of marrying audit with new tech
The never-ending quest to improve audit quality has firms and the audit committees of their corporate clients eyeing how to best deploy new technologies.
Posted inData Privacy
Survey: Companies lag behind with CCPA compliance
With a January 2020 deadline just 10 months away, only 14 percent of companies report they are compliant with the California Consumer Privacy Act. Nearly half have not yet started implementation, says a new survey from TrustArc.
Posted inRegulatory Enforcement
SEC’s Twitter war with Elon Musk escalates with contempt claims
The SEC made its final pitch to a federal court that Tesla founder and CEO Elon Musk should be held in contempt of a previous order and settlement over what it says is unrepentant tweeting.
Posted inEurope
U.S. regulators ponder Brexit plans, disclosure demands
The planned—but still chaotic—divorce of the United Kingdom from the European Union could trigger disclosure demands for U.S. companies. The SEC’s Division of Corporation Finance has some advice.
Posted inBoards & Shareholders
Bipartisan effort would double SEC statute of limitations for fraud
Senators Mark Warner (D-Va.) and John Kennedy (R-La.) have introduced the Securities Fraud Enforcement and Investor Compensation Act—the bipartisan legislation that would extend the window of time the SEC can pursue post-fraud claims for investors from five years to 10.
Posted inTechnology
Regulators challenged by same tech advances that could benefit them
A new report by Deloitte looks at how regulators can leverage new technologies to increase their efficiency and effectiveness, all while reducing business compliance costs.
Posted inFinancial Services
Critics scrutinize plans for revised Volcker Rule
Proposed rulemaking to ease the compliance burden of the Dodd-Frank Act’s controversial Volcker Rule might not be enough to appease everyone.
Posted inTechnology
Presidential hopeful Warren pitches Big Tech breakups
Sen. Elizabeth Warren (D-Mass.), among the ever-growing field of Democrats running for President, might not see much support from Silicon Valley. She is proposing a breakup of Big Tech firms she feels are stifling competition.