All Compliance Week articles in Web Issue – Page 680
-
Blog
Managing Outside Counsel: How Internal Audit Can Assist
Litigation and compliance risk brings something else beyond headaches: legal fees. The internal audit team can help there, even with tricky tasks such as monitoring the performance of outside counsel while they conduct an investigation. Inside, columnist Jose Tabuena offers recommendations on benchmarking what internal audit can do, analytics to ...
-
Article
Calls for More Data Sharing to Step Up Terrorism Fight
Washington wants Corporate America to step up its attention to terrorism risk. That was the message at a recent congressional hearing, the latest instance of voices saying business and government should cooperate to uncover terrorists’ sophisticated financing schemes. “Most of the early warning signs reside with the private sector, and ...
-
Article
Navigating Global Internal Investigations Under Main Justice’s New Policy
Image: The Justice Department’s new Yates Memo, demanding much more cooperation from companies to find individual wrongdoers, will pressure companies to pressure employees during internal investigations. In Europe and elsewhere, however, the law favors employees much more than in the United States, making global investigations a tall order. “Most developed ...
-
Blog
SEC Frets Over Split in Revenue Recognition Adoption Efforts
Image: Looking for consistency in application of the new revenue recognition standard, SEC Deputy Chief Accountant Wesley Bricker said companies need to do their homework and apply appropriate professional judgment. Bricker called on companies to move forward with implementation efforts “without delay” by understanding the key principles of the new ...
-
Blog
SEC Details Focus Areas for Next Cyber-Security Exams
The SEC will broaden its focus on cyber-security concerns during forthcoming examinations of registered broker-dealers and investment advisers by its Office of Compliance Inspections and Examinations. Among the areas primed for greater scrutiny: governance and risk assessment; access rights and controls; data loss prevention; vendor management; employee training; and incident ...
-
Blog
Thoughts on Bridging the Gap From Compliance to ERM
Image: Compliance Week held its latest executive roundtable in Florida last week, to talk about moving from compliance programs to broader enterprise risk management. Inside, editor Matt Kelly has a first recap of what was discussed: how much ERM companies already do, how you can overcome some (not all) of ...
-
Blog
New Chief Compliance Officer Joins itBit
Digital currency exchange itBit has apppointed Daniel Alter as the company’s new general counsel and chief compliance officer. Alter joins itBit after stepping down in February from his most recent post as general counsel of the New York State Department of Financial Services. Details inside.
-
Resource
Epic Data Fails: How Companies Can Lose 20% of Their Value in 10 Minutes
Data security is paramount, and inadvertent data exposure (either due to malicious intent or human error) can cost companies millions of dollars. Every day, we engage in mundane activities that could be placing sensitive data at risk without our knowledge.Novaworks’ white paper, Epic Data Fails: How Companies Can Lose 20 ...
-
Blog
Report Highlights Cybersecurity Risks to Accountants
A lot has been written here and elsewhere about the cybersecurity risks to law firms, but a recent report by ACCA USA highlights another, similarly situated profession that has not received as much attention: accountants.
-
Blog
Cooper Standard Appoints VP of Internal Audit and Compliance
Cooper-Standard Holdings, the parent company of Cooper-Standard Automotive, announced this month that it has appointed Peter Brusate to vice president of internal audit and compliance, effective Oct. 12. In this position, Brusate will oversee Cooper Standard's global internal audit and compliance activities. Details inside.
-
Blog
Mindtree Partners With MetricStream to Simplify Regulatory Compliance for Financial Firms
Mindtree, a digital transformation and technology services company, announced this month that it has partnered with GRC provider MetricStream to help simplify regulatory compliance for financial firms. Mindtree will leverage MetricStream's Zaplet, a cloud-based open platform to build, deploy, and manage a variety of GRC applications for financial firms globally. ...
-
Blog
Supreme Court Asked to Consider No-Action Letters
As if the process for excluding shareholder proposals wasn’t confusing enough, now the Supreme Court could weigh in. Trinity Wall Street has petitioned it to review a 2014 appellate court ruling, which found that a proposal requiring that Walmart’s board review the retailer’s policy on gun sales encroached upon “ordinary ...
-
Blog
FASB Appoints New Members to Emerging Issues Task Force
Paul Beswick, a partner with Ernst & Young and former chief accountant for the Securities and Exchange Commission, and Robert Malhotra, partner at KPMG, have been named to the Emerging Issues Task Force (EITF) of the Financial Accounting Standards Board (FASB). Details inside.
-
Blog
CFTC Makes it Official: Bitcoin is a Commodity
Bitcoin, the controversial virtual currency vexing financial regulators, is now officially a commodity—at least in the eyes of the Commodity Futures Trading Commission. On Thursday, with the CFTC’s first ever enforcement action against an unregistered Bitcoin options trading platform, the agency designated the virtual currency, and potentially others like it, ...
-
Blog
Socialware Unveils Social Access Control Solution
Socialware, a provider of social media risk management solutions for the enterprise, has announced the availability of its Social Access Control solution. Complementing Socialware’s existing solutions for regulated users in financial services, Social Access Control gives firms in any industry the ability to place controls around which social network features ...
-
Blog
New Tipalti W-8 Solution Fully Integrates With Global Payments
Tipalti, a global payments management platform provider, has fully integrated the first-ever intelligent Form W-8 collection solution into its platform. The solution helps U.S. companies automate the accounts payable process by both paying suppliers who are nonresidents, foreign alien or entities while ensuring W-8 tax form compliance. Details inside.
-
Blog
Anadarko Elects New Board Member; Promotes CCO
Anadarko Petroleum has elected Sean Gourley to serve as an independent director of the company, effective as of Sept. 15. Additionally, the company has promoted its chief compliance officer. Details inside.