Appointment Blogs | Compliance Week – Page 315
-
Blog
Brinker International Names General Counsel, Corporate Secretary
Brinker International, a casual dining restaurant company, has named Scarlett May as general counsel and secretary of the company, effective Dec. 15, 2014. Details inside.
-
Blog
Brazil’s Anti-Corruption Head Resigns
Brazil’s anti-corruption obstacles continue to escalate, following the resignation this week of the federal government’s head of anti-corruption, amid a corruption probe unfolding against Brazilian state-owned oil company Petrobras. Hage’s resignation comes as eight engineering and construction companies that held contracts with Petrobras face allegations that they took part in ...
-
Blog
Janus, COSO, FCPA Compliance and Enforcement
The U.S. Sentencing Guidelines have long been one path to kinder treatment from the Justice Department for FCPA violations. On the civil side enforced by the SEC, something similar may be emerging: the COSO 2013 framework for effective internal control. How different are those two paths? Not as much as ...
-
Blog
SEC, PCAOB Deliver Fresh Warnings on Auditor Independence
Dec. 9—Public companies have been handed a not-so-subtle reminder to pay closer attention to auditor independence. At the annual AICPA conference this week, the SEC announced it had sanctioned eight audit firms with fines totaling $140,000 for violating auditor independence rules because they prepared financial statements of brokerage firms whose ...
-
BlogSEC Declining to Comment (in Letters)
The number of SEC comment letters regarding 10-Ks and 10-Qs issued during the first six months of 2014 decreased about 25 percent compared to the same period in 2013, according to Audit Analytics. In our latest guest post from the firm, Audit Analytics look at the most comment types of ...
-
Blog
PCAOB Finds No Big Improvement in 2014 Inspections
Image: The Public Company Accounting Oversight Board will soon offer a peek at 2014 inspection findings, but you won’t see much improvement, said Chairman James Doty. The board has delivered consistently tough marks to the major audit firms in recent years, calling for better audit work on such items as ...
-
Blog
Google Will Pay $19M to Settle FTC Complaints
The Federal Trade Commission has approved a final order resolving allegations that Google unfairly billed consumers for in-app charges that were made by children without their parents’ consent. Google will set aside $19 million in restitution and contact all all affected consumers within 15 days.
-
Blog
SEC Explores Possible Option to Report Under IFRS
Image: The Securities and Exchange Commission is exploring whether to provide U.S. companies with the option to present their financial statements under International Financial Reporting Standards, SEC Chief Accountant James Schnurr said last week. Schnurr is studying the staff’s historical work on a possible adoption of IFRS, and reaching out ...
-
Blog
Sears Holdings Elects New Board Member
Sears Holdings has appointed Kunal Kamlani to its board of directors. Kunal until recently served as president and chief operating officer of Prestige Cruise Holdings, where he was responsible for both the Oceania Cruises and Regent Seven Seas Cruises brands. Details inside.
-
Blog
Halliburton Names New Board Member
Halliburton has named Abdulaziz Al Khayyal to the company’s board of directors, effective as of Dec. 4, 2014. Details inside.
-
Blog
Tenet Healthcare Appoints New Board Member
Tenet Healthcare has appointed Freda Lewis-Hall, executive vice president and chief medical officer of Pfizer, as a new independent director. With her appointment, Lewis-Hall becomes the board’s tenth member. Details inside.
-
Blog
E*TRADE Financial Names New Board Member
E*TRADE Financial has appointed Shelley Leibowitz to its board of directors and the risk oversight committee, effective Dec. 10, 2014. Details inside.
-
Blog
After Three Years, SFO Obtains First Convictions Under U.K. Bribery Act
It took more than three years, but Britain’s Serious Fraud Office has finally obtained its first convictions under the U.K. Bribery Act. According to the SFO, two men have been found guilty of conspiring to use false e-mail addresses to produce bogus sales invoices, an offense uncovered by an investigation ...
-
Blog
McCormick Names Corporate Secretary
McCormick & Company has appointed Jeffery Schwartz to the role of general counsel and corporate secretary, effective as of Dec. 1, 2014. Details inside.
-
Blog
Enumeral Appoints New Board Member
Enumeral Biomedical Holdings has appointed Robert Van Nostrand to its board of directors. Details inside.
-
Blog
SL Green Realty Names Chief Accounting Officer
SL Green Realty, a commercial properties company, has named Maggie Hui as chief accounting officer, effective Jan. 1, 2015. Hui succeeds Matthew DiLiberto, who assumes his new position as SL Green’s Chief Financial Officer on the same date. Details inside.
-
Blog
IT Experts Offer Updated Guidance on IT Controls
Image: Companies struggling with information technology controls may gain tips from ISACA’s new guidance on scoping and assessment ideas for IT-related aspects of the COSO framework. “This latest guide will help professionals align with these changes in the industry,” said Ken Vander Wal, former ISACA president.
-
Blog
DoJ Creating Dedicated Cybersecurity Unit Within Criminal Division
Image: Assistant Attorney General Leslie Caldwell has announced that the Justice Department is creating a cyber-security unit within the Criminal Division. Prosecutors will serve as a “central hub for expert advice and legal guidance regarding the criminal electronic surveillance statutes for both U.S. and international law enforcement conducting complex cyber-investigations,” ...
-
Blog
CAQ Reminds Auditors of Hot-Button Audit Issues
Image: A new Center for Audit Quality alert highlights issues that auditors will need to pay special attention to in the year-end review, such as revenue recognition, related-party transactions, and more. “This alert summarizes potential areas of risk and can be a useful resource for our auditing firm members as ...
-
Blog
SEC Sides With Whole Foods in Proxy Access Battle
Image: The SEC has sided with Whole Foods in a closely watched effort to submit its own proxy access proposal at the annual meeting. The move supersedes a proposal sought by activist shareholder Jim McRitchie, who wanted to give proxy access to any group of shareholders that collectively owns at ...