Articles | Compliance Week – Page 186
-
ArticleSquare discontinues adjusted revenue metric following SEC warning
Square is discontinuing the use of adjusted revenue following receipt of a comment letter from the SEC, which has been eyeing reports for use of measures not in compliance with its updated revenue standard.
-
ArticleFRC review of IFRS 16 disclosures highlights weak spots
Companies applying the new standard on lease accounting need to provide more information on its effects, according to a new review by the U.K. Financial Reporting Council, which highlights where it expects companies to provide more comprehensive disclosure in their upcoming annual reports.
-
ArticleIBM, BoA collaborate on financial services-ready public cloud
IBM announced it has designed the world’s first financial services-ready public cloud and is welcoming financial services institutions and their suppliers to join. Bank of America is already on board.
-
Article
FASB task force adds new member
The Financial Accounting Standards Board announced the appointment of Aleks Zabreyko to the Emerging Issues Task Force (EITF), effective immediately.
-
Article
Quanex Building Products names chief accounting officer
Quanex Building Products has announced several key leadership appointments, effective as of Nov. 1, including a new chief accounting officer and a new general counsel.
-
Article
Genesco names new chief accounting officer, general counsel
Genesco, a specialty retailer, has announced several executive leadership moves in the last few weeks, including the appointment of a new chief accounting officer and a new general counsel.
-
Article
Coupang names chief accounting officer
Coupang, a Korea-based e-commerce company, has named Michael Parker as chief accounting officer.
-
Article
DaVita names chief accounting officer
Healthcare provider DaVita has named John Winstel as chief accounting officer. He will succeed Jim Hilger in this role, who will be stepping down early next year, no later than March 3, 2020.
-
Article
LP appoints controller and chief accounting officer
Louisiana-Pacific, a building materials manufacturer, announced the appointment of Derek Doyle to vice president, controller, and chief accounting officer, effective immediately.
-
ArticleUnder Armour facing SEC, DOJ accountancy probes
Following disclosure of the federal government’s investigation into allegations of sales manipulation dating back to 2017, sports apparel company Under Armour maintains its accounting practices are “appropriate.”
-
ArticleSEC champions proposals to amend outdated proxy solicitation rules
SEC Chair Jay Clayton and Commissioner Elad Roisman, among others, convened a roundtable to explore proposals to proxy voting rules calling for consistent regulation across the markets and better disclosure of conflicts to clients.
-
ArticleVolvo becomes latest to join Responsible Sourcing Blockchain Network
The Responsible Sourcing Blockchain Network announced its digital supply chain for cobalt has moved beyond pilot phase and is progressing toward use in live production computing environments from spring 2020, just as Volvo joins as its newest member.
-
ArticleIFAC: Strong support for international accounting standards
A first-of-its-kind report from the International Federation of Accountants shows “strong and sustained support” for both the adoption and implementation of international standards.
-
ArticleAsk Amii mailbag: Steps to encourage employees to speak up
This edition of the Ask Amii mailbag offers tips on how to ensure your employees feel safe blowing the whistle, suggestions for encouraging collaboration, and advice for data managers on how to manage data ethically and responsibly in a segmented firm.
-
ArticleFRC reveals key trends in U.K. accountancy profession
A new report from the U.K.’s Financial Reporting Council says the Big Four increased their combined “total fee income” by 4.7 percent—even amid a year fraught with accounting scandal.
-
ArticleEuropean Commission probing two retailers for possible collusion
The European Commission announced it has opened a formal antitrust investigation to assess whether two French groups of retailers—Casino Guichard-Perrachon and Les Mousquetaires—have coordinated their conduct in the market in breach of EU competition rules.
-
ArticleVeon’s compliance monitorship comes to an end
Veon, a global provider of connectivity and digital services, has announced a deferred prosecution agreement it entered with the U.S. Department of Justice in February 2016 has concluded.
-
ArticleSurvey: Board governance issues expanding amid volatility
The role board directors of public companies play in providing oversight and governance around business strategy, investments, and policies—and their focus on emerging issues—has reached new heights, according to the findings of BDO’s 2019 board survey.
-
ArticleTime to reassess the meaning of ‘compliance’
Deutsche Bank is just the latest scandal-plagued bank to make headlines, once again, for ignoring sound compliance advice. Maybe it’s time to eliminate the entire concept of compliance altogether, writes an exasperated Jaclyn Jaeger.
-
ArticleSEC bars chief compliance officer for role in overbilling scheme
The former chief compliance officer of Yellowstone Partners, a now-defunct registered investment advisory firm, has been barred from practice for his role in an overbilling scheme that defrauded clients out of $11.8 million.