Articles | Compliance Week – Page 269
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The vital link between compliance and procurement
For many organizations, compliance and procurement only work at all if they work together. But how they work together is something that is unique to every organization. Jaclyn Jaeger explores.
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Compliance measures save Harris from FCPA prosecution
Jaclyn Jaeger explains how when Harris Corp. learned of internal FCPA violations, its reaction would provide a case study for compliance officers everywhere.
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Worried the SEC might come after you personally? You should be
Jaclyn Jaeger looks at yet another case brought by the SEC spotlighting the sort of conduct that can result in a personal liability claim against legal and compliance officers.
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Valuation practices under SEC scrutiny
U.S. regulators have made it clear that the process for producing numbers in a financial statement is as important—if not more so—than the numbers themselves. Jaclyn Jaeger has more.
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In tech sectors, revenue recognition talks are intense
In preparing to adopt the new revenue recognition standard, experts debate how to apply the rules to complex contracts. Tammy Whitehouse reports.
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The EpiPen controversy’s bad omens for pharmas
At a recent hearing with the CEO of Mylan, the maker of EpiPen, legislators hinted at not only price controls, but an increased scrutiny of executive pay. Joe Mont has more.
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SFO charges three Tesco execs
The Financial Reporting Council ended the investigation of U.K. retail giant Tesco’s former CFO, and the Serious Fraud Office just brought charges against three more individuals. Neil Hodge has more.
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Wells Fargo CEO faces bipartisan furor
You know you are having a horrible week when complaints against your company unite Democrats and Republicans, but that’s exactly what Wells Fargo CEO John Stumpf faced
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In a heated campaign season, don’t forget about compliance
Joe Mont takes a look at the campaign trail and the tendency for companies to get political at their own peril, as avoiding regulatory and reputational risk requires policies and audits to ensure compliance with a panoply of federal and state laws.
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SFO investigates Airbus for fraud, bribery, and corruption
Five years after the Bribery Act, the Serious Fraud Office has yet to produce a major conviction. Will Airbus—the latest aerospace company under investigation—be its first big collar? Neil Hodge reports.
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FASB adopts eight new cash flow classification rules
After years of nebulous guidance around three major issues of cash flow statements—operating, investing, and financing—FASB is making major clarifications. Tammy Whitehouse reports.
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Extractive payments rule creates FCPA pitfalls for petroleum and mining companies
Energy and mining companies will need to take extra care to comply with updated SEC requirements involving disclosures on payments made to foreign companies. Jaclyn Jaeger has more.
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State of Compliance 2016: Aligning compliance with business strategy
A new study by PwC notes that compliance programs work best when they are deeply integrated with an organization’s overall business strategy, reports Jaclyn Jaeger.
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The many compliance lessons of Wells Fargo
What should compliance officers take away from Wells Fargo employees secretly opening unauthorized deposit and credit card accounts for their customers? Joe Mont looks at the important lessons.
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Steve Naughton: Evolving with the profession
Steve Naughton has held high-profile compliance and ethics jobs at Pepsi and Kimberly-Clark. As he moves onto a new challenge, he reflects upon a career that has continually evolved and the changing corporate mindset regarding compliance.
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Brexit uncertainty forcing review of supply chains
Jaclyn Jaeger looks at the results of a recent survey from the Institute of Supply Chain Management to answer whether supply chain executives fear Brexit will have a negative financial effect on their companies.
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Compliance clauses can keep third parties in line, regulators at bay
Even small companies have gone global and rely on a broad network of business partners. Those relationships, however, bring with them risks and potential regulatory hazards. Joe Mont discusses adding compliance and ethics clauses to contracts as a baseline for any third-party relationship.
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Debate over CFPB’s arbitration rule intensifies in comment letters
The CFPB has received some 13,000 comments in a fierce debate over its proposed rule to limit the use of binding arbitration for resolving disputes associated with financial products. Joe Mont explores.
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U.K. FCA issues strong new financial crime reporting rules
Taking issue with numerous reports that London is an ideal environment for money laundering and other financial crimes, the city is fighting back, writes Neil Hodge.
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Audit committees: Here’s your wake-up call on auditor independence
Recent legal spats should alert public companies that they need to decide for themselves whether their audit is being delivered by a truly independent auditor. Tammy Whitehouse has more.