All Enforcement articles – Page 3
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Article
In an era of reduced regulation, let’s not forget corporate integrity
Just because companies might face fewer rules doesn’t mean they have any less obligation to behave with ethical integrity, writes Exiger’s Daniel Alonso.
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Blog
Global anti-corruption enforcement numbers going up
Tom Fox discusses the reasons behind the rise in anti-corruption enforcement and the latest actions by the Securities and Exchange Commission and Department of Justice.
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Blog
EY Indonesia firm settles $1 million action with PCAOB
U.S. audit regulators have settled a $1 million action with an EY affiliate in Indonesia over allegations of audit failure and noncooperation.
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Article
As SEC broadens international enforcement focus, compliance efforts must adapt
Under Mary Jo White, the SEC greatly expanded its focus on cross-border enforcement, adding risk and compliance challenges for companies wherever they are based. Joe Mont reports.
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Blog
PCAOB publishes views on conflict with China rules
To address how U.S. audit rules intersect with those in China, the PCAOB has published a four-page Q&A to explain its views on why firms subject to its rules should observe them. Tammy Whitehouse reports.
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Blog
PCAOB hits Deloitte again, this time at Netherlands affiliate
Deloitte has taken another enforcement hit from the PCAOB, this time for independence violations at an affiliate in the Netherlands. More from Tammy Whitehouse.
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Blog
Companies fixed prominence most in non-GAAP sweep
To respond to pushback on non-GAAP accounting, most companies made changes to how prominently they displayed such figures, according to a recent analysis. Tammy Whitehouse reports.
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Blog
SEC shifts non-GAAP focus to most serious violations
Tension continues over proper use, especially prominence, of non-GAAP accounting measures, but the focus seems to be shifting to the most egregious violations.
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Blog
PCAOB settles two actions against Deloitte affiliates
The PCAOB has settled actions against Deloitte affiliates in Brazil and Mexico involving allegations of issuing false audit reports and failing to archive audit documentation. Tammy Whitehouse reports.
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Article
Dutch trade union brings legal action against FIFA
The Fédération Internationale de Football Association (FIFA) is the subject of another legal action for failing to ensure that the rights of migrant workers are respected as they work on projects connected to the 2022 World Cup in Qatar. Neil Hodge reports.
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Blog
EY agrees to $11.8 million settlement with SEC on failed audits
EY has agreed to pay $11.8 million to settle more charges from the SEC. This time the firm and two auditors are accused of ignoring red flags, enabling fraud. Tammy Whitehouse reports.
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Blog
Tell us everything you know
Getting credit for cooperating with the Department of Justice is getting a whole lot tougher. Tom Fox explores.
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Blog
The DoJ's view on what does—and doesn't—constitute meaningful cooperation
The Department of Justice’s Bill Baer provides the perspective needed to answer: What does, and what does not, constitute meaningful cooperation? Joe Mont reports.
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Blog
Investors left in the dark over SEC auditor independence charge
The SEC may have fined EY for auditor independence violations, but investors in at least one company likely have no idea that the company’s audits may be tainted. Tammy Whitehouse has more.
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Blog
Whistleblower awards and new scrutiny of SEC enforcement
The SEC’s successful whistleblower bounty program is raising some very interesting questions about the future of whistleblowing in general. Tom Fox reports on the agency’s recent enforcement actions.
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Blog
Podcast: The new era of regulatory enforcement
Globalization, terrorist attacks, the digital world, and aftermath of the great recession are all shaping a complex business landscape with unprecedented risks. In our latest podcast, we talk to KPMG’s Timothy Hedley and Richard Girgenti about these challenges. Joe Mont has more.
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Blog
SEC bars 2 KPMG auditors over bank loan loss reserves
Tammy Whitehouse looks at the case of two KPMG auditors barred by the SEC from public company practice over their role as engagement partner and senior manager on the audit of a failed financial institution in the aftermath of the financial crisis.
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Blog
The new FCPA enforcement circle is now complete
A trio of recent Foreign Corrupt Practices Act enforcement actions shows just how much companies can spare themselves undue pain if they self-report violations early and without holding back. Tom Fox has more.
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Blog
Compliance front and center
The SEC and Justice Department have made it clear that it will no longer be adequate for companies merely to have a compliance program in place; it must actually be taken seriously from within and given the power and resources to do its job. Tom Fox explores.