Internal Controls

All companies experience the effect of the global economy, but compliance managers have much more to worry about as they assess trade compliance risk rather than just traditional import and export activities. For example, it’s quite likely that your company has U.S.-based employees who are foreign nationals—and that raises the issue of the so-called “deemed […]

An exclusive Compliance Week survey shows that many corporations are bracing for a drop in revenues next year and a spike in fraud—not that they have the internal controls ready to fight it. That’s according to the results of an online survey of 249 compliance, legal, finance, and risk executives at public companies conducted by […]

At the request of subscribers, Compliance Week offers a Remediation Center, in which readers can submit questions—anonymously—to securities and accounting experts. Compliance Week’s editors will review all questions and then submit them—confidentially, of course—to specialists who can address the issues. The questions and responses will then be reprinted in a future edition of Compliance Week. […]

Perhaps no other area of business conduct is as fraught with potential peril as are conflicts of interest. In my October 2008 column, I wrote on how abuse of travel and entertainment expenses can hint at bigger fraud problems. We’re in luck; similar irregular spending habits can also be red flags for potential conflicts of […]

At the request of subscribers, Compliance Week offers a Remediation Center, in which readers can submit questions—anonymously—to securities and accounting experts. Compliance Week’s editors will review all questions and then submit them—confidentially, of course—to specialists who can address the issues. The questions and responses will then be reprinted in a future edition of Compliance Week. […]

Reforms to alleviate the burden of Sarbanes-Oxley compliance and the slowing economy may finally be taking a bite out of the Big 4 firms, which reportedly are laying off waves of workers now that demand for their services has diminished. Deloitte has confirmed market rumors that it is dismissing some 800 professionals and staff throughout […]

New guidance for compliance executives and internal auditors on monitoring internal controls should be in hand as soon as next month. “I believe we will be able to clarify some things in the document and address the majority of the comments without drastic changes to the core content,” he says. Among other things, the exposure […]

As subscribers know, Compliance Week is constantly tracking critical issues for legal and financial executives at public companies. And for the last six years, much of our coverage on the financial side of the house has dealt with fallout from The Sarbanes-Oxley Act, particularly Section 404. Much of that coverage has focused recently on how […]

The SEC will delve into foreign fare at an open meeting this week, reviewing rule changes for foreign private issuers and possibly proposing a rule to let U.S. companies file financial reports according to International Financial Reporting Standards. The Commission will hold its meeting at 10 a.m. Wednesday, at SEC headquarters in Washington. According to […]