All Compliance Week articles in Web Issue – Page 334
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ArticleEY chief accountant to succeed Golden as FASB chair
The Financial Accounting Standards Board announced the appointment of EY Chief Accountant Richard Jones to succeed Russell Golden as chair, effective July 1, 2020.
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ArticleAsk Amii mailbag: TPRM from a third-party perspective
The latest edition of the Ask Amii mailbag analyzes a case of a third party’s recommendation being ignored and offers tips on when it’s the right time to change career paths.
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ArticleFrance Telecom execs jailed over workplace bullying
The ex-chief executive of France Telecom and two other former executives have been jailed for pursuing a cost-cutting policy that was so severe it led to a spate of employee suicides.
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ArticleUber to strengthen culture against sexual harassment, retaliation
Ride-sharing company Uber says it will clean up its act after agreeing to settle charges of sexual harassment and retaliation with the U.S. Equal Employment Opportunity Commission.
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ArticleMetLife to pay $10M for ‘longstanding’ accounting errors
MetLife will pay a civil penalty of $10 million to resolve charges the insurance company violated the books and records and internal accounting controls provisions of federal securities laws.
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ArticleWidespread Wawa data breach puts thousands at risk
Convenience store chain Wawa announced it has suffered a massive data breach that has affected “potentially all” of its store locations, compromising the debit and credit card information of thousands of customers.
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ArticleBill to combat robocalls heads to Trump’s desk
A popular bill intended to crack down on illegal robocalls has passed House and Senate votes with overwhelming majorities and will soon make its way to President Trump’s desk for final approval.
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ArticleEx-WorldCom CEO released from prison early
Former WorldCom CEO Bernard Ebbers was granted early release from prison due to deteriorating health. Ebbers had served 13 years of a 25-year sentence for participating in one of the biggest accounting frauds in U.S. history.
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ArticleAlleged compliance failures at Omnicare lead to healthcare fraud lawsuit
A series of alleged compliance failures at pharmaceutical services provider Omnicare has resulted in the Department of Justice intervening in yet another civil healthcare fraud lawsuit against the company.
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ArticleFASB finalizes simplification of income tax standard
The Financial Accounting Standards Board has issued an Accounting Standards Update to finalize changes to income tax accounting meant to simplify the process.
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ArticleStudy: Board diversity, gender pay, political contributions top shareholder agendas
A Conference Board analysis of trends in shareholder voting and activism in Russell 3000 corporations demonstrates more shareholder savvy and creativity in pursuing social and environmental issues.
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SEC revives resource extraction disclosure rules
The SEC voted to propose a new version of rules that would require resource extraction issuers to disclose payments made to foreign governments or the U.S. federal government for the commercial development of oil, natural gas, or minerals.
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FTC appoints new antitrust head
The Federal Trade Commission announced the appointment of Ian Conner as director of the Bureau of Competition. In addition, Daniel Francis was named deputy director at the Bureau.
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ArticleReview urges changes to U.K. audit profession
The latest report to examine the shortcomings of the U.K. audit market recommends separating audit from the accountancy profession, among other suggested changes.
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PCAOB appoints general counsel
The Public Company Accounting Oversight Board announced Kenneth Lench has been named general counsel.
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Bed Bath & Beyond ousts general counsel amid shakeup
Bed Bath & Beyond announced an extensive restructure of its leadership team, including the departure of six senior members. Among those gone is Chief Legal Officer and General Counsel Allan Rauch.
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Longtime Coca-Cola general counsel to retire
Bernhard Goepelt will retire in February 2020 as senior vice president and general counsel of Coca-Cola, the company announced. Goepelt has been with Coca-Cola since 1992.
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Horizon Global announces new accounting chief
Horizon Global, a manufacturer of branded towing and trailering equipment, announced its Board of Directors appointed Matthew Meyer as chief accounting officer.
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Signant Health appoints chief compliance officer
Pharmaceutical technology firm Signant Health announced the appointment of Paul Drake as chief compliance and security officer.
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Roche veteran general counsel to retire
Swiss pharmaceutical firm Roche announced Gottlieb Keller will retire as general counsel at the end of March 2020. Keller’s career at Roche spanned 35 years.