Articles | Compliance Week – Page 229
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ArticlePCAOB stokes audit committees on inspection engagement
Audit committee chairs at companies whose audits are selected for regulatory inspection might have an opportunity to interact with PCAOB inspectors firsthand.
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ArticleInterserve: Carillion Part II
In an almost carbon copy of the Carillion collapse, peer contracting firm Interserve went into administration on Friday due to a majority of its shareholders rebelling against a debt cancellation deal that would have seen their investment at even lower levels than the deal that was finally agreed to.
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ArticleU.S. regulators ponder Brexit plans, disclosure demands
The planned—but still chaotic—divorce of the United Kingdom from the European Union could trigger disclosure demands for U.S. companies. The SEC’s Division of Corporation Finance has some advice.
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ArticleBipartisan effort would double SEC statute of limitations for fraud
Senators Mark Warner (D-Va.) and John Kennedy (R-La.) have introduced the Securities Fraud Enforcement and Investor Compensation Act—the bipartisan legislation that would extend the window of time the SEC can pursue post-fraud claims for investors from five years to 10.
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SEC charges Volkswagen in emissions-cheating scandal
The SEC has charged Volkswagen, two of its subsidiaries, and its former CEO, Martin Winterkorn, with defrauding U.S. investors by making deceptive claims about the environmental impact of the company’s “clean diesel” fleet.
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ArticleInsider threats often are hardest to detect
In his latest editorial, Compliance Week Editor in Chief Dave Lefort applies what he learned at CW West to recent insider scandals and provides several compliance-related takeaways.
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Title Alliance names compliance officer, general counsel
Title Alliance has appointed Maria Deligiorgis as general counsel and compliance officer.
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Coupang names chief compliance officer, general counsel
Coupang, an e-commerce company and Korea’s largest online retailer, has appointed Jay Jorgensen as general counsel and chief compliance officer. Jorgensen is a recognized expert on corporate governance, most recently serving as the global chief ethics & compliance officer of Walmart.
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Walgreens Boots Alliance names chief accounting officer
Walgreens Boots Alliance, a retail pharmacy company, has named Heather Dixon as its new global controller and chief accounting officer, effective March 18.
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ArticleMind controls, disclosures on leases, Big Four firms advise
As companies face first-quarter reporting under lease accounting, Big Four firms are offering some last-minute pointers about controls and disclosures.
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ArticleU.K. votes to delay Brexit
The United Kingdom’s Parliament voted 412-202 Thursday to ask the European Union for a delay to Brexit in yet another defeat for beleaguered Prime Minister Theresa May.
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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.