Appointment Blogs | Compliance Week – Page 253
-
Blog
ERP Maestro Announces Pre-Audit SoD Scan
ERP Maestro introdcued this week a new free, no-commitment offering, the Pre-Audit SoD Scan (PASS), for companies of any size running SAP ERP software. The announcement comes as organizations begin to find it more difficult to pass audits due to higher expectations from external auditors in the wake of updates ...
-
Blog
Calcbench to Provide XBRL based Financial Data to SEC Analysts
The Security and Exchange Commission has selected financial data provider Calcbench, through a competitive bid, to deliver subscription services to the agency. The award will allow a significant number of the SEC’s analysts to have access to Calcbench’s financial analytics platform, powered by eXtensible Business Reporting Language (XBRL). More inside.
-
Blog
Compliance Officer Salaries: A Benchmark Report
A new report compiled by the Society of Corporate Compliance and Ethics offers benchmarking data for chief compliance officers who want to see how their salaries compare to those of their peers. The report, which compares average compliance officer salaries by industry, size of company, and tenure, finds that CCOs ...
-
Blog
Spokeo Appoints General Counsel
Spokeo has appointed Jason Matthes as senior vice president and general counsel. Matthes joins the people search engine with more than 10 years of experience providing strategic legal counsel to both public and privately-held software and data companies. More inside.
-
Blog
MediaPro Launches New Adaptive Phishing Simulator
MediaPro this week announced two new tools to support its existing Adaptive Awareness Framework: the Adaptive Phishing Simulator and the Adaptive Knowledge Assessment. Both tools are part of MediaPro’s full suite of products designed to address companies’ evolving needs toward implementing a truly integrated security awareness program. More inside.
-
Blog
Ingersoll Rand Names Global Legal and Compliance Leader
Ingersoll Rand, an air compressor supplier, has named Maria Green as senior vice president and general counsel, effective Nov. 2. She will serve as an officer of the company and be responsible for strategic leadership and oversight of Ingersoll Rand’s legal and compliance affairs worldwide. More inside.
-
Blog
Double Trouble in Internal Investigations After Schrems
Image: Last week another huge shift in the compliance world happened: the Schrems decision by the European Court of Justice, finding that the previously presumed European Union Safe Harbor regime is invalid. For the anti-corruption compliance practitioner, the decision is double-trouble when you consider it in light of the recent ...
-
Blog
More Data Show Audit Fees Rising for Public Companies
A recent study from Financial Executives International of 7,000 public companies revealed that 20.6 percent reported ineffective internal controls over financial reporting, and the median audit fee increase for those companies was 3 percentage points higher than for public companies as a whole. The companies cited two primary reasons for ...
-
Blog
Hillary Clinton Pledges to Redefine Insider Trading, Self-Fund SEC
The Supreme Court announced this week that it will let stand the Second Circuit's landmark insider trading decision in U.S. v. Newman. Hillary Clinton, however, says that as President she would not do the same, and that she would propose legislation to "clarify" the law post-Newman.
-
Blog
Update on the Petrobras Corruption Scandal
This week one commentator reported that the Netherlands-based SBM Offshore would pay $255 million in fines and penalties for its role in the Petrobras scandal. If SBM Offshore does settle with Brazilian authorities for this amount, it will be a first step in resolving the morass businesses sucked into that ...
-
Blog
CFPB Considers Ban on Mandatory Arbitration Clauses
The Consumer Financial Protection Bureau is moving forward with new rules that would prohibit the mandatory arbitration clauses in contracts that banks, credit card companies, and others rely upon to prevent consumers from pursuing lawsuits. A variety of recommendations, published this week for public comment, are the results of a ...
-
Blog
SFO Speeds Up Tesco’s Accounting Probe
The Serious Fraud Office has accelerated its probe into the accounting irregularities at Tesco, hoping to resolve the criminal investigation by year-end. The supermarket chain’s former chief executive Philip Clarke is one of many former Tesco executives being scrutinized by the agency in its investigation; Laurie McIlwee, former finance ...
-
Blog
EU Pushes for More Tax Transparency Among Member States
The European Union passed a new law that will put an end to sweetened tax deals between member states and multinationals. Under the new legislation, member states will be required to swap information about special corporate tax deals twice per year with national tax authorities over an encrypted e-mail ...
-
Blog
OECD Measures Would Tie Off International Tax Loopholes
The Organization for Economic Cooperation and Development has offered the G-20 nations measures intended to plug the holes that let companies engage in offshore tax planning that reduces the total global tax base. The package includes minimum standards to thwart the use of conduit companies to channel investments. It also ...
-
Blog
U.K. FCA: Senior Managers To Be ‘Whistleblower Champions’
Image: The U.K. Financial Conduct Authority is calling on senior managers to serve as “Whistleblower Champions” and to play a lead role in protecting employees who come forward with critical information about misconduct. The rules are part of the Senior Managers Regime, which is slated to go into effect ...
-
Blog
With Safe Harbor Squashed, What's Next for European Data Transfers?
As anticipated, on Tuesday the European Court of Justice ruled the Safe Harbor program for international data transfers between the United States and European Union is invalid. While U.S. officials fret that the ruling will “undercut the ability of other countries, businesses, and citizens to rely upon negotiated arrangements with ...
-
Blog
Titan International Appoints Chief Accounting Officer
Titan International announced this week that it has appointed Christopher Bohnert as chief accounting officer, effective as of Sept. 29. Bohnert will oversee the company’s accounting matters and serve as Titan’s principal accounting officer. More inside.
-
Blog
A Smarter Way to Address Disclosure Overload
That companies are besieged with requests to disclose information is not news; nor is the awkward truth that most disclosures (think MD&A in your annual report) are not, ahem, brimming with specifics. This week, columnists Stephen Davis and Jon Lukomnik consider new ways to make your disclosure more manageable. One ...
-
Blog
Lincoln Financial Group Chief Accounting Officer to Retire
Lincoln Financial Group announced this week that Douglas Miller, senior vice president and chief accounting officer, will retire on March 31, 2016, after more than 30 years with the company. Christine Janofsky, currently vice president and assistant controller, will succeed Miller when he formally leaves the organization. Details inside.
-
Blog
Companies Meet Their Match in Cyber-Security, IT Survey Shows
Image: A recent survey from Protiviti found that only 28 percent of 700 senior IT managers saw a high level of engagement and understanding of cyber-security risks by the board of directors. According to the company, board members are trying to understand complex technical issues, the investments necessary to address ...