Walmart shifted into full damage-control mode, following allegations of a massive bribery and corruption campaign at its Mexico operations and an attempt to conceal payments to foreign officials, which first surfaced this weekend in a New York Times report. Yesterday Walmart announced that it was appointing a global FCPA compliance officer position. This position, which […]
Joseph McCafferty
Posted inAccounting & Auditing
Banks Get Two-Year Grace Period for Volcker Rule Compliance
The Federal Reserve Board issued a statement clarifying that banks will have two years after effective date of the Volcker rule before regulators will begin enforcing it. The statement was aimed at calming fears that banks would need to be in complete compliance by July 21, when it is slated to take effect. Banks affected […]
Posted inFrom the Archive
XBRL Analytics Firm Wins Development Prize
Calcbench, an open source application that leverages corporate XBRL data and performs comparative analytics, was named the $20,000 Grand Prize winner of the XBRL Challenge, a contest for developers to build the most inventive and useful application leveraging XBRL-formatted data from the Securities and Exchange Commission’s EDGAR database. Calcbench was selected as the winner based […]