All Compliance Week articles in Web Issue – Page 1035
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Blog
TDS appoints new chief accounting officer
Telephone and Data Systems has appointed Douglas Chambers as senior vice president – finance and chief accounting officer. Chambers will assume this role, effective May 18, from Douglas Shuma, who is retiring after eleven years with the company.
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Blog
Teradata FCPA probe ends without enforcement action
IT service management company Teradata will not be facing any enforcement action following an investigation into questionable gifts and travel expenses by one of its international subsidiaries doing business in Turkey.
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Blog
Board’s prudent discharge of compliance obligations
A look at how board members might want to enhance their prudent discharge to shareholders in regard to the FCPA, as the SEC and Justice Department could be giving it their full attention.
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Blog
OIG guidance for boards on compliance
It turns out that 2015 guidance from the OIG provides an excellent roadmap in today’s world for how companies can structure a compliance committee for their board and for the board’s obligations.
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Blog
Loss of trust and internal investigations
If your stakeholders do not trust you, they will not confide in you in a meaningful manner. Many commentators talk about business ethics, but it may all start with business trust.
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Blog
What has Latvia wrought?
U.S. banking regulators have long understood the connection between bribery, corruption, money laundering. and security. It will be interesting to see if the ECB and European countries are willing to become as aggressive as their U.S. counter-parts in fighting the global scourge of money laundering.
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Blog
New poll shows strains as companies prepare for lease rules
A survey on lease accounting shows some stress in the system as companies wrap up one huge accounting standard adoption and dig into the next one.
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Resource
It’s time to refocus your internal control lens on risks. Not benchmarks.
The first paper in Deloitte’s new series on ICFR takes a closer look at financial statement risk assessments and provides a risk assessment diagnostic scorecard to help get you started. The paper also discusses how world-class organizations are applying innovation to their ICFR programs as part of the risk assessment ...
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Article
Report: Royal Bank of Scotland abused small businesses during financial crisis
The U.K. Financial Conduct Authority has released a report detailing how RBS mistreated distressed small businesses over a six-year period starting in 2009.
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Blog
Financial Conduct Authority fines Vanquis £2 million
The U.K. Financial Conduct Authority has imposed a fine of £2 million on credit card lender, Vanquis, for failing to disclose the full price of an add-on product, called Repayment Option Plan. It must also pay nearly £170 million in compensation to customers.
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Blog
FCA publishes new credit card rules
The Financial Conduct Authority has published its final policy statement on new rules for the credit card market, which will come into force on 1 March 2018. Firms have until 1 September to comply.
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Article
Are U.K. businesses ready for PEPPOL?
A new pan-European standard for public procurement should alleviate a lot of financial administration, but only for those ready to comply with the standard’s new rules.
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Article
Q&A: Honor, culture, and compliance
The dean of Washington & Lee’s school of commerce, economics, and politics weighs in on what role personal honor and integrity can play in the world of today’s chief compliance officers.
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Blog
Fresenius Medical Care reserves €200 million in FCPA case
Germany-based Fresenius Medical Care, a provider of dialysis products and services, has set aside €200 million concerning its ongoing settlement negotiations with the U.S. government regarding potential violations of the Foreign Corrupt Practices Act.
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Article
Russia’s largest companies lag in transparency efforts
Turns out, the financial disclosure practices of Russia’s largest companies by revenue are pretty dismal. But what best practices can we learn from that? You might be surprised.
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Article
Slowly but surely, Luxembourg is complying with AMLD 4
Although it is uncharacteristically behind schedule, Luxembourg’s legislature is working on implementing transparency measures in line with AMLD 4. But will it be fast enough to avoid penalties from the European Commission?
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Article
New DoJ policies favor corporate defendants
The Justice Department has issued a trio of memoranda that provides a wealth of legal, compliance, and internal audit insight on whistleblower complaints or false claims cases.
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Article
Court ruling limits scope of SEC whistleblower reporting
The U.S. Supreme Court has unanimously required whistleblowers to report complaints directly to the SEC to receive its anti-retaliation protections.
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Article
In M&A, SEC hints at relief over accounting rule differences
M&A deals could become a little more complicated this year as a result of changes in accounting standards and complexity around what needs to be reported.
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Blog
Newest IIA study will focus on transformation of internal audit
The newest internal audit will suggest chief audit executives need to focus on developing talent to meet a mandate regarding fast-paced changes in business risks.