Appointment Blogs | Compliance Week – Page 62
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Treasury lifts sanctions on Rusal, En+, ESE
The U.S. Department of Treasury announced that it has lifted sanctions on three companies controlled by Russian oligarch Oleg Deripaska: power company EuroSibEnergo, aluminum producer UC Rusal, and Rusal’s parent company, En+ Group. Following this news, En+ Group announced an overhaul of its board of directors.
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FASB hears CECL concerns, plans March meeting date
Making no promises about what action, if any, it will take, FASB will meet in March to discuss the CECL standard on credit losses.
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SEC starts slow post-shutdown process of returning to normalcy
As the government reopens after a month-long shutdown, the SEC is among the agencies returning to normal operations. Companies, however, should expect to vie for assistance on a "first come, first served" basis.
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CFPB wants ‘clear authority’ to oversee Military Lending Act
The Consumer Financial Protection Bureau is seeking to legislatively expand its purview to police financial products targeted to military personnel.
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Tennant Company names general counsel, corporate secretary
Tennant Company, a floor cleaning equipment company, has appointed Mary Talbott as senior vice president, general counsel and corporate secretary, effective Jan. 28.
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Two new members added to SFO senior management team
Following an open competition, the U.K. Serious Fraud Office has appointed two new members to its senior management team: a chief intelligence officer and a new head of corporate services.
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PCAOB releases KPMG's 2016 report, 3 others
The PCAOB has published its report on KPMG’s scandal-ridden 2016 inspection, along with three other reports, describing high levels of audit deficiencies and mismanagement of quality.
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Former PCAOB Director of Enforcement joins Akin Gump
Claudius Modesti, former Director of Enforcement at the Public Company Accounting Oversight Board (PCAOB), has joined Akin Gump as a partner in its white-collar defense and government investigations practice in Washington, D.C.
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CV Sciences appoints new chief accounting officer
CV Sciences, a supplier and manufacturer of hemp CBD products, has appointed Joerg Grasser to the role of chief accounting officer.
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TransAtlantic Petroleum names new chief accounting officer
TransAtlantic Petroleum, an international oil and natural gas company engage, announced that it has made several changes to its executive management team, including the appointment of a new chief accounting officer, as well as a new general counsel and corporate secretary.
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McHenry pushes for financial services hearings, Deutsche Bank records
Rep. Patrick McHenry (R-N.C.), the Republican leader of the House Financial Services Committee, has announced a series of hearings he wants before the Committee. He is also escalating document demands from scandal-plagued Deutsche Bank.
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Pier 1 names chief legal and compliance officer
Pier 1 Imports, an omnichannel retailer, has appointed Robert Bostrom as executive vice president, chief legal and compliance officer and corporate secretary, effective immediately.
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EY forms independent audit quality committee
EY has joined the rest of the Big Four in seeking independent consult on audit quality, forming a committee of outside experts to advise firm leaders.
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The Red Flag Group opens office in Paris
The Red Flag Group, a business intelligence and technology firm, announced the opening of an office in Paris in an effort to help French companies with their anti-bribery and anti-corruption compliance efforts.
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Grant Thornton launches lease analytics app
Grant Thornton announced the launch of web-based application LeaseCom Analytics (LCA), designed to help companies adjust to FASB’s new lease accounting standard.
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Dun & Bradstreet unveils new TPRM solution
Commercial data firm Dun & Bradstreet announced the availability of D&B Compass, its new third-party risk management solution.
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When earnings precede audit, auditors cave, study finds
Absent a strong audit committee, management can get an upper hand over auditors when it releases unaudited earnings results to the market, a new study says.
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Conduent names chief compliance officer
Conduent, a business services technology company, has appointed Brian Clayton as chief compliance officer.
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Apple, CEO Tim Cook double down on privacy demands
In an op-ed for Time Magazine, Apple CEO Tim Cook is once again calling on the U.S. government to address data privacy in 2019.
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EU fines Mastercard $648M for anticompetitive behavior
The European Commission on 22 January 2019 fined Mastercard 570.6 million euros (U.S. $648 million) for anticompetitive behavior, in breach of EU antitrust rules.