All Compliance Week articles in Web Issue – Page 582
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Blog
Illinois is latest state to ban business with Wells Fargo
Illinois State Treasurer Michael Frerichs has suspended $30 billion in investment activity with Wells Fargo, joining California in taking punitive actions against the bank in response to its recent troubles.
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Blog
Say goodbye to 'Tandy' language in comment letters
Tandy representations—an attestation that comment letter reviews by SEC staff cannot be used as a legal defense—are no longer needed in filings, according to new guidance from the Division of Corporation Finance.
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Blog
CAQ gives auditors some year-end planning tips
Companies beginning to prepare for year-end audits can get a sense of what might be on their auditors’ minds through a new alert from the Center for Audit Quality. More from Tammy Whitehouse.
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ArticleU.K. debate on corporate culture rolls on
U.K. corporate culture has remained largely unchanged since the financial crisis, but a variety of forces are aiming to change that, and soon. Neil Hodge reports.
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Blog
CFPB extends its reach to prepaid products
Joe Mont looks at new CFPB rules for prepaid financial products—including innovative online and mobile offerings from PayPal, Google, and Apple—that will require enhanced customer protections.
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Blog
IoD rates FTSE 100’s corporate governance
Paul Hodgson looks at results from the Institute of Directors’ recent survey that ranks the FTSE 100’s corporate governance methodologies. See who scored highest and who has more room for improvement.
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Article
New SEC rules for securities clearing agencies may benefit EU banks
The SEC’s new rules for enhanced operational and governance standards for systematically important securities clearing agencies might just save EU banks billions of dollars in capital surcharges. Joe Mont reports.
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Blog
AICPA issues 7 new drafts on revenue recognition questions
Tammy Whitehouse looks at the AICPA’s seven new working drafts to address some of the hardest revenue recognition questions in software, telecommunications, and other sectors.
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Blog
CFPB updates exam procedures for Military Lending Act
The Consumer Financial Protection Bureau has announced the procedures its examiners will use when identifying consumer harm and risks related to the Military Lending Act. Joe Mont has more.
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Blog
Peapack-Gladstone Financial appoints chief accounting officer
Peapack-Gladstone Financial, a bank holding company with total assets of $3.6 billion as of June 30, and Peapack-Gladstone Bank has appointed Francesco Rossi as senior vice president and chief accounting officer of the company and the bank.
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Blog
Cognizant self-discloses FCPA investigation
Cognizant Technology Solutions said in a recent regulatory filing that it is conducting an internal investigation to determine whether certain payments relating to facilities in India were made improperly and in possible violation of the U.S. Foreign Corrupt Practices Act.
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Blog
Western World Insurance Group appoints director of risk management
Western World Insurance Group, a wholly-owned subsidiary of Validus Holdings, announced the appointment of Arya Yarpezeshkan as senior vice president, director of risk management, effective as of Oct. 3.
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Blog
Marvell Technology appoints chief accounting officer
Marvell has appointed Dave Caron as corporate controller and chief accounting officer.
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Blog
New rule requires sick pay for government contractors
A new rule issued by the Department of Labor will require federal contractors to provide paid sick leave to employees who work on, or in connection, with government contracts. Joe Mont reports.
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Article
Yahoo breach shows that boards may be their own worst enemy
Yahoo’s recently disclosed breach of at least 500 million user accounts underscores the risks board members create for the companies they serve by using free e-mail services. More from Joe Mont.
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Article
Audit committees need to dig into personal relationships
Regulators are warning companies and auditors to be more careful about personal relationships that could compromise auditor independence. Tammy Whitehouse has more.
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Article
How Sports Direct flouts the law without actually breaking it
Sports Direct is under fire for unacceptable employment practices, but ultimately, it might not have to change its ways much at all. Neil Hodge explains.
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Blog
The FCPA and the fight against terrorism
Tom Fox looks at the U.S. government’s linking of corruption and terrorism and its intention to use the FCPA as incentive to enact and enforce strong international and domestic anti-corruption and anti-bribery laws.
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Article
Sports Direct: realising the error of some of its ways
Embattled U.K. sports retailer Sports Direct is making some outward signs of trying to reform itself in light of the brutal working conditions at its stores. But is any of it substantive? Paul Hodgson investigates.
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Article
The vital link between compliance and procurement
For many organizations, compliance and procurement only work at all if they work together. But how they work together is something that is unique to every organization. Jaclyn Jaeger explores.