Accounting & Auditing

Compliance Week is a business intelligence service on corporate governance, risk, compliance, and audit. We support a community of professionals through award-winning journalism, live and live-streamed events, sponsored Webcasts, continuing education and training, industry surveys, case studies, and downloadable resources.

Board table

U.K. governance code revisions: Boards lead on culture, audit supports

2024-02-13T22:12:00+00:00By

Corporate culture, internal controls, and assurance moved up the boardroom agenda with the publication of the U.K.’s revised corporate governance code and its supporting guidance.

Accounting investigation

China-based Cloopen Group avoids fine in SEC accounting fraud case

2024-02-07T12:51:00+00:00By

China-based technology company Cloopen Group Holding won’t pay a fine in settling with the Securities and Exchange Commission over an alleged accounting fraud scheme perpetrated by two of its former senior managers.

Richard Brasher 3x2

Q&A: LKQ sustainability VP on importance of environmental data

2024-02-01T14:01:00+00:00By

Richard Brasher, vice-president of sustainability at multinational automotive parts company LKQ Corp., discusses with Compliance Week his view on the added attention sustainability initiatives are receiving and where improvement remains.

China scrutiny

What future holds for PCAOB post China crackdowns

2024-01-31T13:32:00+00:00By

The Public Company Accounting Oversight Board’s first enforcement settlements with mainland China and Hong Kong firms won’t be the last, as the chair of the regulator says its “just getting started.” U.S. firms must be mindful of the specific ethical issues highlighted.

Working with AI

Deloitte survey: Companies unprepared for AI governance, risk challenges

2024-01-30T18:31:00+00:00By

Just 25 percent of corporate leaders felt their organizations were highly prepared to handle the governance and risk issues posed by generative artificial intelligence, a Deloitte survey found.

Philips

FCPA violations in China: Lessons learned from 2023 cases

2024-01-25T18:01:00+00:00By

Enforcement actions regarding alleged violations of the Foreign Corrupt Practices Act at 3M, Albemarle, Clear Channel Outdoor, and Royal Philips each had China touchpoints. Experts assess third-party risk management lessons learned from each case.

ADM

ADM puts CFO on leave pending accounting probe

2024-01-23T18:03:00+00:00By

Food processing company ADM announced Chief Financial Officer Vikram Luthar was placed on administrative leave pending an investigation into accounting practices and procedures flagged by the Securities and Exchange Commission.

London cityscape

FRC ups board responsibilities in corporate governance code revisions

2024-01-23T12:56:00+00:00By

The Financial Reporting Council held back on the latest round of updates to the U.K.’s corporate governance code, as the country remains wary of pushing away businesses and investors.