All Compliance Week articles in Web Issue – Page 468
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Blog
CCO reporting to the board
Chief compliance officer reporting to the appropriate board of director’s compliance committee has to be structured carefully to promote ethics and compliance. Inside are five best practices that should guide the reporting.
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Blog
Compliance lessons from the HP-Autonomy fiasco
The Man From FCPA discusses the reasons behind one of the greatest corporate disasters in the past few years: the acquisition of Autonomy by Hewlett-Packard.
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Blog
Is a success fee high risk?
It was reported that two U.S. lawyers had proposed a success fee in the amount of $75 million, if they could get the Department of Justice to drop its investigation into the 1MDB “quickly.”
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Blog
Wells Fargo continues to trip on itself
Wells Fargo cannot seem to get out of its own way to begin to move forward. Now, the bank is facing a whistleblower lawsuit and investigation by the Consumer Financial Protection Bureau for closing fraud victims’ accounts without investigating potential criminal activity, a violation of law.
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Blog
FASB fixes financial instruments, proposes fix to cloud costs
FASB has finalized some technical corrections to its standard on financial statements and proposed new guidance on accounting for certain cloud computing costs.
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CFPB launches public review of complaint database
Continuing a top-down reassessment of operations and policies, the CFPB has settled on its next review target: its controversial complaint database.
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Chief accounting officer at Oaktree Capital leaving
Susan Gentile, chief accounting officer at Oaktree Capital, has announced her resignation from the company, effective March 23, to pursue other career opportunities.
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Blog
Exterran FCPA investigation ends without enforcement action
Exterran said it will not face an enforcement action following a Foreign Corrupt Practices Act investigation, but an SEC investigation related to circumstances giving rise to a previous restatement is continuing.
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Blog
Australia rolls out real-time payments
Australia has publically launched its New Payments Platform, a landmark payments industry initiative designed and constructed to fundamentally improve how consumers, companies, and governments transact with one another.
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Blog
Deloitte settles claims tied to mortgage lender collapse
Deloitte will pay $149.5 million to settle claims with the Justice Department over its audit work at Taylor, Bean & Whitaker, a mortgage lender that collapsed in 2009.
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Blog
Grant Thornton names chief compliance officer
Grant Thornton has named Beatrix Bernauer as the firm’s chief compliance officer. In this role, she will oversee the firm’s enterprise compliance program and manage ethical and regulatory compliance issues.
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Blog
Legislation seeks to end to secrecy in workplace harassment settlements
Earlier this week, bicameral legislation, the Sunlight in Workplace Harassment Act, was filed. It would require publicly-traded companies to disclose workplace harassment and discrimination settlements.
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Blog
DoJ creates Prescription Interdiction & Litigation Task Force
The Department of Justice has established a Prescription Interdiction & Litigation Task Force to deploy and coordinate criminal and civil law enforcement tools to tackle the opioid epidemic, with a particular focus on opioid manufacturers and distributors.
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DoJ to file ‘Statement of Interest’ in cases against opioid makers, distributors
The Department of Justice this week announced it will be filing a Statement of Interest in a multi-district action regarding hundreds of lawsuits against opioid manufacturers and distributors.
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Blog
Democrats seek insider trading evidence at Education Department
Suspicious stock trades may have been timed to Education Department announcements, a letter from Senate and House DEmocrats allege in a letter to Secretary of Education Betsy DeVos.
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Ethics lapse forces NLRB Board to vacate joint employee standards
The National Labor Relations Board, recently abating the longstanding confusion over who is designated as a joint employer and why, is right back at the drawing board with an administrative move that puts the old Browning-Ferris standard for joint employment back into effect.
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Blog
PayPal settles FTC charges against Venmo's privacy violations
The FTC has reached a settlement with PayPal over allegations related to its Venmo peer-to-peer payment service, claimed privacy protections, and violations of violations of Gramm-Leach-Bliley Act rules.
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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.
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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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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.