All Compliance Week articles in Web Issue – Page 600
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Blog
PCAOB targets controls, related parties in 2016 inspections
As inspectors are fanning out this year to scrutinize 2015 financial statement audits, they are looking for all the usual problem areas that have plagued audit firms the past few years, but they’re also looking at economic risks and how well auditors have observed a new standard on related-party transactions. ...
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Blog
SEC proposes new disclosure rules for broker-dealers
The Securities and Exchange Commission was busy this week: disclosure rules for broker-dealers; simplification of disclosure requirements; changes to administrative proceedings … Jaclyn Jaeger has the Commission rundown.
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Blog
SEC proposes to simplify disclosure requirements
The SEC this week voted to propose amendments to eliminate redundant, overlapping, outdated, or superseded provisions, in light of subsequent changes to disclosure rules, accounting principles, and technology. The SEC is also soliciting comment on certain disclosure requirements that overlap with U.S. GAAP to determine whether to retain, modify, eliminate ...
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Blog
SEC adopts changes to administrative proceedings
The SEC this week adopted amendments updating its rules of practice governing its administrative proceedings. After careful consideration of the comments received, the SEC adopted final amendments that, among other things, would adjust the timing of administrative proceedings and give parties additional opportunities to take depositions of witnesses. Jaclyn Jaeger ...
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Blog
Internal audit faces more change, technology, papers say
A pair of recent white papers by Big 4 firms suggest transformation for the internal audit profession is far from finished. In, fact, some of the biggest changes in store for the profession may still be around the bend.EY focuses its attention specifically on internal auditors in financial services, where ...
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Blog
Match Group hires general counsel and secretary
Match Group, a provider of dating products, has hired Jared Sine as general counsel and secretary, effective as of July 5. In this role, Sine will lead the Match Group legal team.
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Blog
EEOC gives more time to comment on proposal to collect pay data
Following more than 300 public comments, the EEOC unveiled a revised version of its proposal to expand pay data collection from federal contractors and other employers. As CW previously reported, the EEOC will be paying closer attention to whether an employer has conducted a pay analysis, says Jaclyn Jaeger, meaning ...
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Blog
IFRS Foundation names new director for trustee activities
The IFRS Foundation has appointed Richard Thorpe as its new director for trustee activities. He replaces David Loweth, who will step down from his full-time position to take up a part-time role looking at developments in corporate reporting and their relevance to IFRS standards.
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Blog
Financial Executives International elects new board
Financial Executives International (FEI), an advocacy group for the views of corporate financial management, recently announced the election of a new slate of executive officers and members of the board of directors for the fiscal year, effective as of July 1. Prat Bhatt, corporate controller and chief accounting officer of ...
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Resource
e-Book: Overcoming GRC Challenges in the Healthcare System
In this e-Book, produced by Compliance Week in cooperation with RSA, we explore some common and emerging risks facing healthcare organizations today, and how RSA Archer’s governance, risk and compliance solutions can help organizations more proactively manage the ills that could befall them.
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Blog
Audit regulators globally pen agreement to share information
The International Forum of Independent Audit Regulators has adopted a memorandum of understanding around how audit regulators will cooperate in exchanging information for audit oversight purposes. Tammy Whitehouse has more.
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Blog
Does compliance need a seat at VW’s table?
VW’s response to its defrauded customers in Europe is worse, than laughable. It's indefensible. Where is the company's compliance function? Tom Fox explores.
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Blog
nanoPay names chief compliance officer
nanoPay, a fully-integrated loyalty and payments platform provider and provider of the MintChip digital cash platform, has appointed Tracy Molino as general counsel and chief compliance officer.
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Blog
Theranos’ health takes a turn for the worse
The health of ailing biotech start-up Theranos continues to decline, as the Centers for Medicare & Medicaid Services imposed numerous sanctions on the firm following a review last year of its laboratory operations that uncovered numerous compliance violations. Jaclyn Jaeger reports.
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Blog
Theresa May’s post-Brexit, Euro-style governance reforms
Out of the post-Brexit chaos, Home Secretary Theresa May is poised to become the new U.K. Prime Minister. She supported Remain, but stands by Brexit, so where will she steer the ship? Her first speech gives some indicators, and Brexiters might not like the sound of them. Paul Hodgson has ...
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Article
When the CCO leaves, do you have a succession plan?
The role of the chief compliance officer has grown in both complexity and importance over the years. A lot of trust and accountability can be invested in whoever holds that post. So, what happens when they leave? Joe Mont looks at how to survive the departure of a compliance program’s ...
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Blog
DoJ to everybody on FCPA prosecutions: We can make this all go away, you know
Just how serious is the Justice Dept. about making life easier if you comply fully with its FCPA violation investigations? Johnson Controls Inc. was caught dead to rights on egregious fraud—but, by cooperating with the DoJ, it managed to secure a declination to prosecute. Tom Fox reports.
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Article
Treasury’s efforts to overturn long-standing tax law creates massive compliance headache
The federal government is trying to close a $40B tax loophole big enough to completely fund NASA twice every single year. But the way it’s doing it is causing some major corporate pushback. Tammy Whitehouse reports.
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Article
New Commerce Department rule harmonizes export controls regime
Export controls can be tricky business, especially regarding the transmission of technical data over the cloud—something becoming ever-more common in modern business, yet currently constrained by tough export controls. New rules from the Commerce Department could change all of that. Jaclyn Jaeger reports.
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Blog
Johnson Controls to pay $14.4 million to SEC in FCPA case
Johnson Controls has entered into a $14.4 million settlement with the SEC to resolve violations of the books and records and internal controls provisions of the FCPA with respect to its China Marine operations. JCI’s quick response, however, resulted in a declination with the Justice Department.