- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Image: When COSO unveils the draft update to its Enterprise Risk Management framework (possibly by late April), it will propose companies take risk considerations to the highest level in an entity’s strategy-setting and decision-making processes. The framework update exercise is expected to advance the idea, says COSO Chairman Robert Hirth, ...
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Chinese authorities banned PwC’s Chinese unit from performing audits in the country for six months, labeling the subsidiary’s flawed audit work as complicit in the failure of giant property developer Evergrande. The move continues a pattern of increased scrutiny of Western firms’ audit work in China, both by regulators in ...
Massachusetts-based technology company Circor International settled charges with the Securities and Exchange Commission regarding deficient internal accounting controls without paying a fine.
The U.S.-based subsidiary of Australian defense contractor Austal will pay $48.8 million in fines and restitution to settle allegations that it committed accounting and securities fraud, misled federal auditors, and violated the False Claims Act.
