All Compliance Week articles in Web Issue – Page 384
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Article
Anatomy of a college cheating scandal, and the resolve to fix it
In response to the nationwide college admissions scandal, victimized universities are speaking out and sharing the steps they’ve taken to stop similar behavior from happening in the future.
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Article
Bombardier appoints general counsel, corporate secretary
Bombardier, a Canada-based aerospace and transportation company, has appointed Steeve Robitaille as general counsel and corporate secretary, effective May 1.
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Article
A global look at anti-bribery enforcement activity
TRACE International’s 2018 Global Enforcement Report serves as an insightful resource for companies seeking information on which countries are enforcing anti-bribery laws and which countries are beleaguered by bribery and corruption issues.
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Article
FCA fines UBS £27.6M for transaction reporting failures
The U.K. Financial Conduct Authority has fined UBS £27.6 million (U.S. $36.6 million) for failings relating to 135.8 million transaction reports.
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Article
PCAOB advises auditors to expand view of CAMs
After reviewing implementation activity, the PCAOB is advising auditors to think a little more broadly about how they identify and describe CAMs.
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Article
SEC’s Twitter war with Elon Musk escalates with contempt claims
The SEC made its final pitch to a federal court that Tesla founder and CEO Elon Musk should be held in contempt of a previous order and settlement over what it says is unrepentant tweeting.
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Article
PCAOB stokes audit committees on inspection engagement
Audit committee chairs at companies whose audits are selected for regulatory inspection might have an opportunity to interact with PCAOB inspectors firsthand.
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Article
Interserve: Carillion Part II
In an almost carbon copy of the Carillion collapse, peer contracting firm Interserve went into administration on Friday due to a majority of its shareholders rebelling against a debt cancellation deal that would have seen their investment at even lower levels than the deal that was finally agreed to.
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Podcast
Marianne Ibrahim on conducting a third party audit
Marianne Ibrahim, director of global compliance at Baker Hughes, offers several best practices for the auditing of third parties.
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Article
U.S. regulators ponder Brexit plans, disclosure demands
The planned—but still chaotic—divorce of the United Kingdom from the European Union could trigger disclosure demands for U.S. companies. The SEC’s Division of Corporation Finance has some advice.
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Article
Bipartisan effort would double SEC statute of limitations for fraud
Senators Mark Warner (D-Va.) and John Kennedy (R-La.) have introduced the Securities Fraud Enforcement and Investor Compensation Act—the bipartisan legislation that would extend the window of time the SEC can pursue post-fraud claims for investors from five years to 10.
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Article
SEC charges Volkswagen in emissions-cheating scandal
The SEC has charged Volkswagen, two of its subsidiaries, and its former CEO, Martin Winterkorn, with defrauding U.S. investors by making deceptive claims about the environmental impact of the company’s “clean diesel” fleet.
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Article
Title Alliance names compliance officer, general counsel
Title Alliance has appointed Maria Deligiorgis as general counsel and compliance officer.
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Article
Coupang names chief compliance officer, general counsel
Coupang, an e-commerce company and Korea’s largest online retailer, has appointed Jay Jorgensen as general counsel and chief compliance officer. Jorgensen is a recognized expert on corporate governance, most recently serving as the global chief ethics & compliance officer of Walmart.
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Article
Walgreens Boots Alliance names chief accounting officer
Walgreens Boots Alliance, a retail pharmacy company, has named Heather Dixon as its new global controller and chief accounting officer, effective March 18.
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Article
Mind controls, disclosures on leases, Big Four firms advise
As companies face first-quarter reporting under lease accounting, Big Four firms are offering some last-minute pointers about controls and disclosures.
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Article
U.K. votes to delay Brexit
The United Kingdom’s Parliament voted 412-202 Thursday to ask the European Union for a delay to Brexit in yet another defeat for beleaguered Prime Minister Theresa May.
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Article
Fugue adds PCI support to compliance suite
Fugue, a provider of autonomous cloud security and compliance, announced the addition of support for Payment Card Industry (PCI) to its suite of cloud compliance standards.
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Article
Tesla names new chief accounting officer
Electric car maker Tesla disclosed in a March 13 securities filing that it has appointed Vaibhav Taneja as chief accounting officer, adding to the company’s long list of sudden executive departures and appointments.
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Article
Banks move forward with CECL, expecting no relief
Despite calls for delay or reconsideration of the pending new model for recognizing loan losses, entities are implementing as if nothing will change.