All Internal Controls articles – Page 4
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Q&A: The compliance and legal ties that bind
Jaclyn Jaeger talks with Carey Roberts, deputy general counsel and chief compliance officer of Marsh & McLennan Cos., about her unique dual legal and compliance role.
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ArticleMy Compliance Library: Is it time for an incentive mine sweep?
Richard Bistrong and Marc Hodak discuss pay-for-performance and its role in corporate ethics and compliance policies.
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Slavery risks on compliance agenda
With the number of people being sold into slavery on the rise every year (there are currently between 21 and 46 million victims of slavery worldwide, with one new victim every 4-8 seconds), experts discuss how to battle slavery risk in the corporate supply chain. Neil Hodge reports.
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Blog
SEC signals continued intensity around internal controls
As the year-end audit cycle approaches, regulators are signaling that their expectations around internal control over financial reporting are not diminishing. Tammy Whitehouse reports.
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Trump presidency: Thoughts on regulatory changes from Europe
Neil Hodge explores promised “regulatory reform” under the new Trump regime; what’s in store for America—what’s in store for the world?
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Big bucks mean big headaches as CEOs face personal scrutiny
The era of “plausible deniability” for CEOs may be coming to an end as pay scrutiny goes hand-in-hand with personal liability. Joe Mont explores.
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The pros and cons of ISO 37001 certification
ISO has released a new anti-bribery standard, but not everyone is convinced that they actually need it, reports Jaclyn Jaeger.
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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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The vital link between compliance and procurement
For many organizations, compliance and procurement only work at all if they work together. But how they work together is something that is unique to every organization. Jaclyn Jaeger explores.
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Blog
GSK to pay $20M to SEC to resolve bribery charges
U.K. pharmaceutical giant GlaxoSmithKline will pay a civil money penalty in the amount of $20 million to the Securities and Exchange Commission to resolve charges concerning bribery payments made to government officials in China. Jaclyn Jaeger reports.
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BlogCAQ: Audit’s role in cyber-security exams
Public company auditors are suggesting that companies voluntarily submit to an independent cyber-security examination separate from the existing financial statement audit. Tammy Whitehouse explores a new process for examining and reporting on a company’s cyber-security risk management.
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Internal controls: trust but verify
Tom Fox looks at the recent scandal at Wells Fargo leading to the Consumer Finance Protection Board’s $185 fine and the firing of more than 5,000 employees after basically telling them: “It’s OK to break the law, as long as we make money.”
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Blog
To really improve corporate culture, it must be measurable
The days of viewing culture as a hazy intangible are over, given regulator interest in using the efficiency of cultural programs as benchmarks for everything from indictment decisions to penalties. Corporate culture, says Jose Tabuena, needs to be subject to performance benchmarks, like anything else.
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ArticleThe unconventional CFO
Throughout CFO Jan Siegmund’s time at ADP, he has come to realize that when your business processes pay for millions of people, your business is more than payroll. It’s about compliance. An interview by Bill Coffin.
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Building the relationship between compliance and general counsel
As the roles and responsibilities of compliance and legal overlap, and as the role of the chief compliance officer continues to gain profile, how the CCO and general counsel work together is more important than ever, writes Karen Kroll.
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Blog
An employee suicide and corporate culture
The Man From FCPA Tom Fox examines the recent suicide of an executive with Abbot Laboratories in India and what happens when the numbers are more important than employees’ well-being.
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BlogLatest survey suggests uneven costs for Sarbanes-Oxley
A recent survey from Protiviti finds that half of those accelerated and large accelerated filers participating in the survey claim their external audit fees related to Sarbanes-Oxley compliance increased in fiscal 2015, while 52 percent of non-accelerated filers said their fees decreased. Tammy Whitehouse has more.
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Blog
6 more ‘C’mon, man!’ moments
Regular followers of CW columnist Richard Steinberg will recognize his ‘C’mon, man, moments’—those peculiar business world goofs that leave us all perplexed. From overboarding to outlandish expense reporting, enjoy this latest installment.
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Blog
PCAOB targets controls, related parties in 2016 inspections
As inspectors are fanning out this year to scrutinize 2015 financial statement audits, they are looking for all the usual problem areas that have plagued audit firms the past few years, but they’re also looking at economic risks and how well auditors have observed a new standard on related-party transactions. ...
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Blog
At one bank, lax compliance and internal controls are a 'cancer'
The Man from FCPA has seen a lot of strong statements from top management, but when a chief executive likens non-compliance to cancer, you know it is serious. But last week, Bill Winters, the chief executive of the UK bank Standard Chartered, did just that when he announced that he ...