A new study that takes a hard look at retail companies finds the industry as a whole needs to elevate and mature its compliance programs.
Surveys & Benchmarking
Posted inAccounting & Auditing
Adverse audit opinions on ICFR taper off in 2017
For the first time since 2010, adverse auditor opinions on internal control over financial reporting tapered off in 2017.
Posted inSurveys & Benchmarking
Lease adoption work will spill into 2019, poll suggests
Plenty of companies adopting new lease accounting rules for a Jan. 1, 2019, effective date are likely to continue their implementation work even into the first quarter.
Posted inRegulatory Enforcement
Report: Financial firms fined $26B for AML, sanctions, KYC non-compliance since 2008
A staggering $26 billion in fines has been imposed for non-compliance with Anti-Money Laundering (AML), Know Your Customer (KYC), and sanctions regulations in the last decade, according to new research.
Posted inSurveys & Benchmarking
Survey says you’re likely shopping for new compliance technology
Here’s what we know: You have a mandate to upgrade your compliance technology, at least some budget to do it, and sky-high expectations for improved operational efficiency and robust data reporting. At least that’s what the results of our compliance technology survey tell us. Are we close?
Posted inSurveys & Benchmarking
Tax functions need high-tech tools, KPMG outlook says
Tax departments need to tool up to be ready for the kinds of tax planning that will occur in the coming 12 months, especially under tax reform, survey says.
Posted inSurveys & Benchmarking
Confidence in auditors tapers in 2018, poll says
Investor confidence in auditors and in capital markets in general fell in 2018, according to the annual poll by the Center for Audit Quality.
Posted inBoards & Shareholders
Pay for outside corporate directors barely increased in 2017
Total pay for outside directors at the nation’s largest corporations increased by a mere 3 percent in 2017, driven by increases in cash and stock compensation, according to a new analysis by Willis Towers Watson.
Posted inRisk Management
Key Considerations When Selecting GRC Software
When choosing a software to manage risk and compliance, choosing the right software is critical. The wrong software can lead to serious issues that can have lasting damage your company and reputation.
Posted inSurveys & Benchmarking
SOX-related audit costs rise again in 2017, poll says
Half of the largest public companies saw SOX-related audit costs rise in 2017, driven by regulatory pressure, M&A activity, and new accounting rules.