Articles | Compliance Week – Page 206
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ArticleEstimation vs. precision: tension in accounting grows
It’s more than big change prompting major deferrals for pending accounting rules. It’s also about the growing tension between estimation and precision.
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Aon names general counsel
Aon, a global professional services firm, has appointed Darren Zeidel as executive vice president, general counsel and secretary.
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Qualcomm fined $271M for predatory pricing
The European Commission has fined Qualcomm 242 million Euros (U.S. $271 million) for anti-competitive behavior in violation of EU antitrust rules. Qualcomm says it has done nothing wrong and will appeal the finding.
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ArticleCongress debates: Are tech giants bullies or saviors?
Amazon, Google, Facebook, and Apple were called before Congress this week to debate what critics perceive as the anti-competitive, entrepreneur-chilling effects they trigger with their size and scope.
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ArticleGoogle, Amazon fire back: Rising tide lifts all boats
A common refrain—and effective defense—from tech companies at the House Judiciary hearing this week was that rather than stifling competition, their size and scope is responsible for a tide that raises all boats in their wake.
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ArticleFASB to push CECL to 2023 for small public companies
FASB has signaled it plans to extend CECL for smaller public companies to 2023, along with delaying a number of other effective dates.
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ArticleFINRA issues clarifying guidance on ‘extraordinary cooperation’ credit
The Financial Industry Regulatory Authority has issued supplemental guidance clarifying how companies and individuals that demonstrate “extraordinary cooperation” in investigations can receive enforcement credit.
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EU investigating Amazon over antitrust concerns
The European Commission is investigating Amazon over concerns that the company’s use of data gathered from independent retailers that sell on its marketplace breaches EU competition rules.
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BroadRiver appoints general counsel and chief compliance officer
BroadRiver Asset Management, with assets under management of $1.4 billion, has appointed Emma Dickson as general counsel and chief compliance officer.
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ArticleCongress, Treasury take swings at Facebook’s Libra plan
A plan by Facebook to enter the world of virtual currency is attracting predictable skepticism in Washington. It could also expedite the slow emergence of national data protection laws.
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ArticleCCO salary benchmark reports
A newly released benchmark report from BarkerGilmore shows compliance annual salary trends by industry, education, and more.
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New CyberGRX feature addresses TPRM
CyberGRX, a third-party cyber-risk management platform provider, announced the release of a new feature that provides users with immediate visibility into potential threats in their ecosystem.
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Broe Group names chief compliance officer
The Broe Group and its affiliates, a privately owned, real estate, transportation, energy, and investment firm, has named Doug Van Wyk general counsel and chief compliance officer.
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FLIR Systems names chief ethics and compliance officer
FLIR Systems, an industrial technology company focused on intelligent sensing solutions for defense, industrial, and commercial applications, has appointed Sonia Galindo senior vice president, general counsel, secretary, and chief ethics and compliance officer.
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ArticleIIA seeks comments on update to ‘three lines’ model
Internal auditors are buffing up their longstanding Three Lines of Defense model for how to provide organizations with optimal coverage of risk and control functions.
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ArticleFTC looks worryingly timid in staying silent on Facebook
The FTC, by dragging its feet and keeping silent on a massive Facebook fine, raises concerns about its potential role as top cop on the data privacy beat.
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ArticleReckitt Benckiser’s record $1.4B opioid settlement a warning for drug companies
Reckitt Benckiser Group will pay $1.4 billion to resolve a long-running federal investigation concerning the sales and marketing of the opioid addiction treatment drug Suboxone.
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Prometheum developing SEC-compliant cryptocurrency listing
Blockchain platform Prometheum announced the development of an SEC-compliant infrastructure on which companies can list their securitized cryptocurrency tokens.
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ArticleFASB tees up CECL delay for small public companies
FASB is formally considering delaying the required effective date of some of its standards, including credit losses for small public companies.
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IIA announces global chair and board for 2019-20
The Institute of Internal Auditors announced the election of a newly structured global board of directors for 2019-20.