- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Whole-sale retail operator, Supervalu, has appointed David Johnson as chief accounting officer, effective immediately.
Johnson has served as interim chief accounting officer since July 2017. He has also served as vice president, controller of the company since April 2013 and will continue to serve in that role. Johnson previously served as senior director, assistant controller of the company from 2011 to 2012, and as vice president, assistant controller of the company from 2012 to April 2013.
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Today’s compliance professionals face increasing pressures from talent shortages, a rapidly evolving regulatory landscape, and rising transaction volumes—increasing both complexity and risk.
KPMG Netherlands agreed to pay a record $25 million penalty levied by the U.S. Public Company Accounting Oversight Board for allegedly allowing widespread cheating by employees on internal training exams and misinforming regulators about the misconduct.
Grant Thornton UK was assessed a penalty of £40,000 (U.S. $51,000) by the Financial Reporting Council for alleged procedure failures affecting the firm’s audit of a local authority’s pension fund.
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