At one bank, lax compliance and internal controls are a 'cancer'

By Tom Fox2016-06-21T12:30:00

The Man from FCPA has seen a lot of strong statements from top management, but when a chief executive likens non-compliance to cancer, you know it is serious. But last week, Bill Winters, the chief executive of the UK bank Standard Chartered, did just that when he announced that he ...

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Kraft Heinz discloses probe, takes $15.4B impairment charge

2019-02-25T12:30:00Z By Tammy Whitehouse

Following a string of accounting and reporting problems, Kraft Heinz Co. disclosed it is under investigation by the SEC and reported a $15.4 billion impairment charge.
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SEC settles with 4 companies over prolonged control lapses

2019-01-30T13:15:00Z By Tammy Whitehouse

Apparently thumbing their noses at internal control requirements, four public companies have now settled charges with the SEC over prolonged failures to maintain ICFR.
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PCAOB report gives Deloitte its lowest deficiency rate

2019-01-08T16:45:00Z By Tammy Whitehouse

Deloitte & Touche’s recently published 2017 audit inspection report reflects the lowest deficiency rate the firm has ever earned.

“For tracking litigation, enforcement, and regulatory developments, Compliance Weekshould be your prime source.”

At one bank, lax compliance and internal controls are a 'cancer'

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Related articles

Kraft Heinz discloses probe, takes $15.4B impairment charge

SEC settles with 4 companies over prolonged control lapses

PCAOB report gives Deloitte its lowest deficiency rate

“For tracking litigation, enforcement, and regulatory developments, Compliance Week
should be your prime source.”