You may have missed it among the orgy of SEC enforcement news this week, but over at the U.S. attorney’s office in Manhattan, the lead prosecutor of the Galleon Group insider-trading case is quitting—to start his own practice in white-collar defense. Joshua Klein, an assistant attorney in the Southern District of New York for 10 […]
Matt Kelly
Posted inFrom the Archive
Wanted: A More Intelligent Tone at the Top
Shortly after that Nigerian nitwit tried to blow up a U.S. airliner on Christmas Day, I was listening to a talk radio program discussing the federal government’s response and all the new security procedures airline passengers will inevitably be asked to endure: more questioning at the security checkpoint, less freedom of movement on the plane, […]
Posted inFrom the Archive
Why You Should Listen to Barney Frank
Well, Compliance Week seems to have touched a nerve with news of the latest speaker for our annual conference this spring: Congressman Barney Frank. As some of you might have seen already, earlier this week we sent out a mass email announcing that Frank, chairman of the House Financial Services Committee, will be the keynote […]
Posted inFrom the Archive
Editorial: Everything Old Is New Again
Well, that was quite a decade. You may need to dust off some old brain cells to recall (I did), but the 2000s began with recession, financial meltdown and radical legislative overhauls from Congress to fix corporate governance. Next came years of struggle to master the new contours of corporate compliance, complete with policy spats […]
Posted inFrom the Archive
Everything Old Is New Again
Well, that was quite a decade. You may need to dust off some old brain cells to recall (I did), but the 2000s began with recession, financial meltdown and radical legislative overhauls from Congress to fix corporate governance. Next came years of struggle to master the new contours of corporate compliance, complete with policy spats […]
Posted inFrom the Archive
PCAOB Lawsuit Finally Hits Supreme Court
The following is a guest post from Compliance Week assistant editor Jaclyn Jaeger. The U.S. Supreme Court heard oral arguments on Dec. 7 in the long legal challenge against the legitimacy of the Public Company Accounting Oversight Board—and by extension, the legitimacy of the Sarbanes-Oxley Act itself. Conservative activists teaming up with a small auditing […]
Posted inFrom the Archive
Editorial: The Myth of the Black Swan
Perhaps it’s time to start shooting those black swans. For the last several months we’ve all heard more and more about risk management, primarily because a class of supposed geniuses on Wall Street ruined the economy for the rest of us. Now the buzzword in Washington is risk management, all the time. And the most […]
Posted inRisk Management
Metrics for Compliance, Metrics for Risk
Compliance Week had another one of its editorial roundtables this week, and as usual I had the privilege of leading an excellent discussion with compliance and risk executives facing some of the most formidable governance challenges out there. Our full coverage of the forum will appear in Compliance Week’s Dec. 1 newsletter, but for now […]
Posted inAccounting & Auditing
SEC to Update Financial Reporting Manual
Apparently the Securities and Exchange Commission achieved so much acclaim last year when it published its Financial Reporting Manual last year that the agency is doing it all over again. Speaking yesterday at Financial Executives International’s annual financial reporting conference, the top accountant at the SEC’s Division of Corporation Finance, Wayne Carnall, said he and […]
Posted inRisk Management
The Myth of the Black Swan
Perhaps it’s time to start shooting those black swans. For the last several months we’ve all heard more and more about risk management, primarily because a class of supposed geniuses on Wall Street ruined the economy for the rest of us. Now the buzzword in Washington is risk management, all the time. And the most […]