The Financial Accounting Standards Board announced an update to its business combinations standard aimed at clarifying how to apply requirements under its revenue recognition rule.
Kyle Brasseur
Posted inUncategorized
Ex-Walmart CECO joins McKinsey as chief compliance officer
Daniel Trujillo, the former executive vice president and global chief ethics and compliance officer at Walmart, announced his joining management consulting firm McKinsey & Co. as chief compliance officer.
Posted inRegulatory Enforcement
FTC marks revived ‘prior approval’ merger stance with proposed limits on DaVita
The Federal Trade Commission proposed 10-year acquisition restrictions on dialysis service provider DaVita under the agency’s newly reinstated “prior approval” policy aimed at curbing anticompetitive mergers.
Posted inEurope
Sky Italia latest fined under GDPR over telemarketing practices
Sky Italia was ordered to pay nearly €3.3 million (U.S. $3.8 million) by Italy’s data protection authority Garante for allegedly misusing customer data to make unwanted promotional phone calls.
Posted inAnti-Bribery
CEO of Navy contractor charged with bribery
Frank Rafaraci, CEO of Malta-based ship maintenance company Multinational Logistics Services, has voluntarily returned to the United States to face a criminal charge for his alleged role in a bribery scheme.
Posted inRisk Management
SEC investor advocate: ‘Gamification’ exposes holes in Reg BI
SEC Investor Advocate Rick Fleming said online platforms designed to make stock trading more easily accessible and exciting “expose what may be a significant flaw in Reg BI” regarding unsolicited transactions.
Posted inAccounting & Auditing
KPMG rapped for ‘untruthful defense’ in Silentnight investigation
KPMG and one of its former partners were found to be “untruthful” during an independent tribunal’s investigation into the audit firm’s advisory role regarding the sale of mattress company Silentnight to private equity firm HIG Capital.
Posted inAnti-Bribery
Ex-Braskem CEO gets 20 months in prison over bribery scheme
Jose Carlos Grubisich was sentenced to 20 months in prison for his role in a scheme to divert hundreds of millions of dollars in bribe payments from Braskem to government officials and political parties in Brazil.
Posted inAccounting & Auditing
Fed increasing LIBOR scrutiny as finish line nears
Financial institutions’ transition efforts away from the London Interbank Offered Rate will be intensely scrutinized by the Federal Reserve as the expiration deadline of the benchmark interest rate looms.
Posted inData Privacy
California privacy agency names executive director
The nation’s first state data privacy agency has selected former FTC Chief Technologist Ashkan Soltani to serve as its executive director overseeing enforcement and rulemaking of the CCPA and, eventually, the CPRA.
