All Compliance Week articles in Web Issue – Page 596
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Article
Strength through diversity: Q&A with Maria Castañón Moats
The former chief diversity officer for PwC is now the leader of the firm’s U.S. assurance practice. With her strong background and bright future, what does Maria Castañón Moats have in store? Tammy Whitehouse has the answers.
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Article
Canadian securities regulators disagree on whistleblower incentives
Following the Securities and Exchange Commission’s lead, Canadian securities regulators have launched two very different whistleblower programs—one provides a bounty, the other does not—which creates new legal risks for companies. Jaclyn Jaeger reports.
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Article
Australia brings first criminal cartel prosecution
As Australia gets serious about enforcing its antitrust regulations, multinationals operating in the country are learning the hard way that the line between being considered a monopoly and a criminal cartel is surprisingly thin. Jaclyn Jaeger has more.
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Article
Rise of the machines: how artificial intelligence could revolutionize compliance
It may sound futuristic, but “thinking machines” are poised to revolutionize compliance. Artificial intelligence, proponents say, can take care of grunt work, freeing audit and compliance professionals to focus on matters that befit their skills. Advanced automation, however, says Joe Mont, isn’t without concerns and pitfalls.
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Blog
SEC loses chief of Market Intelligence office
The Securities and Exchange Commission is saying goodbye to its chief of Market Intelligence; Christopher Bub has been appointed as VP and chief accounting officer of ski resort operator Peak Resorts; and Waddell & Reed has a new chief risk officer for investments. Who else is coming and going—see more ...
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ArticleKami Niebank: Rising to the challenge
Kami Niebank is CalPERS’ interim chief compliance officer and guides compliance efforts at the largest public pension fund in the United States. She is also overseeing an ambitious five-year compliance plan that will alternately refine and overhaul the entire compliance regime.
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Blog
Iceland and Ireland both jailed their bankers. Why aren’t others learning by example?
Ireland just sentenced three senior bankers to prison for their role in the 2008-2009 financial crisis. Given how common misbehavior was among senior bankers all over the world in the days before the crisis, why haven’t more been sentenced to jail? Bill Coffin offers an explanation.
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Blog
What states’ suit against VW means for corporate officer liability
New York, Maryland, and Massachusetts are claiming that top managers at VW were either specifically involved in the development and implementation of vehicle defeat devices, or knew of the issues that led to their creation. What does this mean for VW’s future—and, for that matter, what does it mean for ...
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Blog
Audit quality improves as a result of oversight and regulation
Revised EU audit rules have formalized the Financial Reporting Council's role as the United Kingdom’s competent authority for audit. This and more developments have created a regulatory regime that is actually improving audit quality across the board. Paul Hodgson has more.
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Blog
Tripwire announces Tripwire Configuration Compliance Manager Express
Tripwire, a provider of endpoint detection and response, security and compliance solutions, announced a new version of Tripwire Configuration Compliance Manager (CCM): Tripwire CCM Express is designed to simplify compliance audits for mid-sized organizations and stand alone divisions of larger organizations.
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Blog
Deloitte Center for Regulatory Strategies names independent senior advisor
The former head of the statistics function and senior advisor to the director of research at the Federal Reserve Bank of New York, Kenneth Lamar, was recently named an independent senior advisor to the Deloitte Center for Regulatory Strategies. He will advise financial institutions—largely banks—on regulatory reporting, data infrastructure, and ...
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Blog
NICE Actimize launches authentication-IQ solution
NICE Actimize, a NICE business and a provider of financial crime, risk, and compliance software platform for the financial services industry, announced the launch of Authentication-IQ, a solution that manages multiple authentication methods across financial institution channels with a unified strategy, enhancing both security and customer experience while improving cost ...
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Blog
Waddell & Reed Appoints chief risk officer for investments
Waddell & Reed Financial, a mutual fund company, has appointed Daniel Scherman as senior vice president of its investment adviser subsidiaries, Waddell & Reed Investment Management Company and Ivy Investment Management Company, in the newly created role of chief risk officer.
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Blog
Peak Resorts names new chief accounting officer
Peak Resorts, an owner and operator of ski resorts in the United States, has promoted Christopher Bub to the newly created position of vice president and chief accounting officer, effective Aug. 1. He currently serves as Peak Resorts’ corporate controller.
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Blog
People, please stop making these two insider-trading mistakes!
Bruce Carton has been warning us for years about two insider-trading mistakes. Last month, a former partner at law firm Fox Rothschild was sentenced to six months in prison for allegedly making both of them. See inside.
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Blog
Law firm involvement in the 1MDB Scandal
What does the use of the Shearman & Sterling trust account by 1MDB mean for the law firm?
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BlogFASB proposal would target income tax disclosures
FASB proposed a change to the disclosure requirements under Topic 740 in the Accounting Standards Codification that would require public companies to add nearly a dozen new items to their existing income tax disclosures, including income or losses from continuing operations along with income tax expense or benefit, separated by ...
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Blog
Accounting leaders advocate looking at non-GAAP accounting measures
As the Securities and Exchange Commission continues its focus on use of non-GAAP accounting measures, accounting experts are advising companies to take a look at their internal controls and assure they are appropriate. Tammy Whitehouse reports.
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Blog
State Street to pay $382 million for foreign currency exchange fraud
State Street Bank and Trust Company has agreed to pay a total of $382.4 million to the United States to resolve allegations that it deceived some of its custody clients when providing them with indirect foreign currency exchange (FX) services. Jaclyn Jaeger reports.