Appointment Blogs | Compliance Week – Page 164
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IAASB appoints technical director
The International Auditing and Assurance Standards Board (IAASB), responsible for global audit and assurance standard setting, has appointed Matthew Waldron as technical director.
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Wolters Kluwer reaches agreement on acquisition of Tagetik
Wolters Kluwer Tax & Accounting recently announced that is has reached agreement on the acquisition of Tagetik for €300 million in cash. The acquisition expands the division’s existing portfolio of corporate tax compliance and internal audit solutions.
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Wells Fargo names general counsel
Wells Fargo & Company this week announced the appointment of C. Allen Parker as senior executive vice president and general counsel, effective March 27. Parker's appointment comes at a time when the battered company looks to clean up its toxic corporate culture.
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Crawford & Company appoints general counsel
Crawford & Company, a provider of claims management solutions to insurance companies and self-insured entities, has appointed Joseph Blanco as senior vice president and general counsel.
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LinkedIn chief accounting officer jumps to Facebook
Facebook this week announced the appointment of Susan Taylor as chief accounting officer, effective April 17. She will assume this role from Jas Athwal, who notified the company of his intent to resign, effective as of February.
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Companies will soon have new way to gut check cyber risk
The accounting profession is putting the finishing touches on a new, voluntary audit to help companies better assess their cyber-security risk management.
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What’s to come of the Pilot Program?
The countdown begins for when the compliance community will soon find out the fate of the Pilot Program initiated last year by the Criminal Division’s Fraud section. Until then, “the program will continue in full force until we reach a final decision on those issues,” Acting Assistant Attorney General Kenneth ...
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State Street to 3,500 boards: embrace gender diversity
State Street Global Advisors is calling upon more than 3,500 companies it invests in “to take intentional steps to increase the number of women on their corporate boards.”
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Glass-Steagall talk persists as Trump meets with community banks
Even as President Trump was promising community bank executives regulatory relief, talk of a new Glass-Steagall Act sent bank stocks tumbling on Thursday.
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Non-GAAP crackdown renders earnings process complex, poll says
The crackdown on non-GAAP financial reporting has led to little investor or analyst reaction and made the earnings release process long and complex, companies say.
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Bill seeks to enhance public participation in rulemaking
The House of Representatives has passed a bill that seeks greater transparency and objectivity to the process of regulatory rulemaking.
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Democrats seek arbitration release for Wells Fargo customers
Congressional Democrats are supporting legislation that would give victims of fraud by Wells Fargo release from forced arbitration clauses that otherwise prevent them from suing the bank.
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Sen. Brown asks Treasury to probe President’s business ties
U.S. Sen. Sherrod Brown (D-Ohio) has asked the Treasury Department to review President Trump’s investment partners and business associates to assess whether there are violations of anti-terrorist financing, sanctions, or money laundering laws.
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Senate Banking Committee schedules Clayton hearing
President Donald J. Trump’s pick to serve as SEC chairman, Jay Clayton, will testify before the Senate Banking Committee on March 23, a prelude to confirmation by the full Senate.
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President Trump poised to kill 'blacklisting rule'
President Trump is expected to finalize Congressional action that kills the Obama Administration’s so-called “blacklisting rule” for federal contractors, a requirement that they disclose labor law, civil rights, and wage violations.
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ZTE to pay combined $1.19 billion for violating U.S. trade sanctions
Telecommunications company ZTE has agreed to pay a record-high combined civil and criminal penalty of $1.19 billion, pending approval from the courts, for violating U.S. sanctions by sending U.S.-origin items to Iran.
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Continued fallout at Wells Fargo leads to board scrutiny
The Wells Fargo fraudulent account scandal still resonates as one of the most prime examples where the continued fallout from a board’s failure in the area of oversight of risk management is working to damage the organization.
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The Vinci code: fake news press releases
A fake press release sent French construction firm Vinci into a downward spiral, provoking action from the Autorité des Marchés Financiers to get busy on reforms to prevent such damaging incidents.
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Uber and corporate culture
Does a company have to behave ethically to succeed? Perhaps not, as the recent ethical failures of Uber suggest. The company could be in hot water over its Greyball program, designed to thwart sting operations intended to catch Uber violating any taxi terms of services regulations.
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German Chancellor questioned in VW scandal
What did German Chancellor Angela Merkel know and when did she know it? A German parliamentary investigation seeks to uncover the truth about how much Merkel knew about diesel emissions standards and the VW case.