Articles | Compliance Week – Page 221
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Fugue adds PCI support to compliance suite
Fugue, a provider of autonomous cloud security and compliance, announced the addition of support for Payment Card Industry (PCI) to its suite of cloud compliance standards.
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Tesla names new chief accounting officer
Electric car maker Tesla disclosed in a March 13 securities filing that it has appointed Vaibhav Taneja as chief accounting officer, adding to the company’s long list of sudden executive departures and appointments.
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ArticleBanks move forward with CECL, expecting no relief
Despite calls for delay or reconsideration of the pending new model for recognizing loan losses, entities are implementing as if nothing will change.
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ArticleDutch DPA: Forcing users to agree to ‘cookies’ violates GDPR
The Dutch Data Protection Authority says giving visitors access to websites only if they agree to their internet browsing activities being tracked by so-called “cookies” or other tracking software does not comply with the EU’s General Data Protection Regulation.
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Prevalent acquires 3GRC
Third-party risk management platform Prevalent announced its acquisition of U.K.-based risk and compliance firm 3GRC.
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Rsam, RiskLens partner on cyber risk
GRC solutions provider Rsam and cyber risk management firm RiskLens have partnered to bring clarity to the potential business impact of cyber risk.
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Lumber Liquidators to pay $33M for securities fraud
Lumber Liquidators Holdings, a discount retailer of hardwood flooring, will pay a total of $33 million in criminal and regulatory penalties for misleading investors concerning the sale of its laminate flooring from China to its customers in the United States.
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Companies tie loose ends on leasing, prepare ongoing accounting
Companies generally are expected to be ready to report under new lease accounting rules but still face some added work to prepare for ongoing compliance.
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ArticleEU whistleblower protections closer to fruition
As EU whistleblower protections inch closer, Neil Hodge provides an in-depth look at exactly what they will cover.
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ArticleRegulators challenged by same tech advances that could benefit them
A new report by Deloitte looks at how regulators can leverage new technologies to increase their efficiency and effectiveness, all while reducing business compliance costs.
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ArticleHempel resolves bribery case with European authorities for $33.3M
Global coatings manufacturer Hempel has reached a settlement with Danish and German authorities and agreed to a fine of 220 million Danish krone (U.S. $33.3 million) concerning bribery payments made to ship managers in Germany.
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An inside look into the FBI’s Office of Integrity and Compliance
Catherine Bruno, assistant director of the FBI’s Office of Integrity and Compliance, discusses the division’s current initiatives and plans for the future.
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Brexit: 'No-deal' option rejected; delay vote coming
A day after voting down Prime Minister Theresa May’s proposed Brexit deal for the second time, the U.K. Parliament voted Wednesday to reject leaving the European Union without a deal by a 321-278 margin.
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ArticleMy Compliance Library: How to create a ‘Fearless Organization’
Richard Bistrong explains how Amy C. Edmondson’s book on organizational health relies on the idea that employees are not governed by fear, but rather empowered by a safe environment that embraces honesty and candor.
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U.K. government unveils reform plan for modern work practices
In response to a July 2017 review of modern working practices, the U.K. government has issued a long-awaited package of legislation, regulation, and reforms. The “Good Work Plan” sets out seven principles to address challenges facing the U.K. labour market.
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ArticleSEC’s Peirce supports reconsideration of SOX 404(b)
As internal control heartburn persists for many public companies, at least one member of the SEC would welcome changes to the Sarbanes-Oxley Act.
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Critics scrutinize plans for revised Volcker Rule
Proposed rulemaking to ease the compliance burden of the Dodd-Frank Act’s controversial Volcker Rule might not be enough to appease everyone.
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Covidien to pay $17.5M for False Claims Act violations
Covidien has agreed to pay $17.5 million for violations of the False Claims Act by providing free or discounted practice development and market development support to physicians in California and Florida to induce purchases of Covidien products, the Department of Justice announced.
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ArticleFormer KPMG, PCAOB leaders convicted on fraud counts
A former KPMG audit leader and a former inspections leader at the PCAOB have been convicted of wire fraud in a scheme to subvert the inspections process.
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ArticleNew, tough regulator to oversee U.K. audit
The U.K. Financial Reporting Council will soon be replaced by a new regulator acting on recommendations from Sir John Kingman of the London Stock Exchange. The government hopes to ensure the United Kingdom going forward has “a world-class audit and accounting regulator.”