The Public Company Accounting Oversight Board barred Bo-Shiang Lien, a former audit director and nonequity partner at BF Borgers, for at least two years for violations of PCAOB rules and standards as part of four audits across three public companies.
Kyle Brasseur
Posted inAccounting & Auditing
KPMG fined $4.3M for undocumented red flags in Rolls-Royce corruption case
The U.K. Financial Reporting Council announced a reduced penalty of approximately £3.4 million (U.S. $4.3 million) against KPMG for failures in its 2010 audit of car maker Rolls-Royce.
Posted inEthics & Culture
Ten highlights from Compliance Week 2022
Editor In Chief Kyle Brasseur recaps the moments that stood out to him most from Compliance Week’s first in-person event since 2019.
Posted inEurope
Spanish DPA fines Google $10.6M for GDPR violations
Spain’s data protection authority has issued a record fine of €10 million (U.S. $10.6 million) against Google for two “serious infractions” of the EU’s General Data Protection Regulation regarding its sharing information with U.S. legal database Lumen.
Posted inEthics & Culture
Carnival CECO Peter Anderson resigns
Peter Anderson, Carnival’s first chief ethics and compliance officer and a central figure in leading the cruise line giant through its environmental compliance monitorship, has resigned. Richard Brilliant, Carnival’s chief audit officer, will replace Anderson in the new role of chief risk and compliance officer.
Posted inEthics & Culture
Expert: Combating modern slavery starts with understanding the issue
Matthew Friedman, an expert on international human trafficking with more than 30 years of experience, discussed the importance of companies addressing modern slavery in their supply chains as part of a virtual fireside chat on the human factor of ESG at Compliance Week’s National Conference.
Posted inAnti-Bribery
DOJ’s Kenneth Polite to CCOs: Tell me your compliance success stories
Kenneth Polite Jr., head of the Department of Justice’s Criminal Division and a former chief compliance officer, delivered a dynamic keynote address emphasizing the importance of empowering compliance to avoiding prosecution at Day 2 of Compliance Week’s National Conference.
Posted inEthics & Culture
‘Start with yourself’: Kenney inspires compliance officers to focus on wellbeing in CW2022 keynote
Caren Kenney, CEO and founder of Evolve Leadership, stressed to attendees the importance of taking care of themselves as much as looking after their businesses as part of her opening keynote at Compliance Week’s 2022 National Conference in Washington, D.C.
Posted inEthics & Culture
Commitment to kindness earns Snap honor of Compliance Program of the Year
For Snap, kindness has long been a core value, but only last year did the company overhaul its code of conduct to thrust the term to the forefront of its internal communications. Snap was recognized as Compliance Program of the Year at the 2022 Excellence in Compliance Awards.
Posted inRegulatory Policy
Fed Chair Jerome Powell confirmed to second term
Jerome Powell is set to begin his second term as chair of the Federal Reserve after receiving bipartisan support in a Senate confirmation vote.
