Appointment Blogs | Compliance Week – Page 114
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Alere to pay $13M for accounting fraud charges
Medical manufacturer Alere has agreed to pay more than $13 million to settle charges that it committed accounting fraud through its subsidiaries to meet revenue targets and made improper payments to foreign officials to increase sales in certain countries.
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CFTC makes pitch for self-reporting, cooperation in enforcement actions
The CFTC, with lessons learned and expectations informed by similar programs at other federal agencies, is promoting new self-disclosure and cooperation agreements with the firms it oversees. James McDonald, director of the Division of Enforcement, outlined the program in a recent speech.
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Deloitte, Price, and Bitcoin
Title: Deloitte, Price, and BitcoinIn case you missed it this week, bribery scandals come to light in the world of college basketball, cyber-security attacks hit Deloitte, and Florida players may or may not be charged after stealing thousands of dollars.
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PCAOB revises proposal on supervising outside audit work
The PCAOB is asking for a new round of public comment on a revised proposed standard that seeks to raise the bar on how audit firms supervise outside auditors.
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Exasperated Clayton briefs Senators on SEC breach
SEC Chairman Jay Clayton provided fresh insight into the Commission's recently annunced 2016 data breach during scheduled testimony before the Senate Banking Committee.
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News headlines complicate looming arbitration vote
As Republican critics of the CFPB’s arbitration rule prepare for a Senate vote to repeal it, news headlines are giving their progressive opposition plenty of ammunition and leverage..
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Hungry for a ‘win,’ Republicans unveil tax reform framework
Republican legislators have released the outline of an ambitious tax package that rethinks payments by individuals and corporations alike. Among the plans is reducing the corporate tax rate to 20 percent.
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Senators want Equifax answers on clawbacks, disclosures
Sen. Elizabeth Warren (D-Mass.) and fellow senators have expanded their investigation into the recent Equifax breach, the company's response, and the possibility of executive pay clawbacks.
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Princess investigates FIFA
A recent report indicates soccer’s global governing body, FIFA, has found itself embroiled in another corruption investigation, this time under the auspices of Jordanian Princess Haya bint al-Hussein, who has been working to uncover whether corrupt forces were at work in the two-time bid for FIFA presidency by her brother ...
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A promise to pay can be an FCPA violation
The South African imbroglio involving the Gupta family and their relationship to the current President of the country continues to be a sinkhole of reputational kryptonite. Tom Fox reports.
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Overcoming culture dissonance in compliance
A look at how chief compliance officers can operationalize compliance to make it relevant outside the corporate office in the United States.
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Leaving the sinking Brexit ship
Several banks and other industries are jumping ship from the United Kingdom. But what will this all mean for compliance officers?
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FASB proposes tweaks to lease accounting rules
Just as new rules on revenue recognition required some tweaking as companies prepared to implement them, so apparently do the new rules on lease accounting.
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European Commission proposes framework for screening of foreign direct investments
In his annual State of the Union address this month, European Commission President Jean-Claude Juncker proposed a new EU framework for screening of foreign direct investments.
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SFO secures seven convictions in F.H. Bertling case
The U.K. Serious Fraud Office announced this week that F.H. Bertling and six current and former employees have been convicted of conspiracy to make corrupt payments in relation to F.H. Bertling’s freight forwarding business in Angola and a contract worth approximately $20 million.
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Deloitte confirms cyber hack exposed client information
Deloitte says information on a small number of clients was accessible to hackers after an intrusion of the firm's email platform.
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Compliance lessons from hurricanes
Recent natural disasters underscore the importance of being prepared, and of practicing crisis response. Compliance officers must do the same for their own hurricane-level crises.
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Natural disasters raise accounting, reporting implications
Companies affected by recent natural disasters may need to consider the effects on their accounting, financial reporting, and tax compliance.
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FinCEN: Beware of laundering Venezuela bribe money
The Financial Crimes Enforcement Network (FinCEN) issued an advisory, warning banks about widespread public corruption in Venezuela and what methods Venezuelan senior political figures may use to move and hide corruption proceeds.
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SEC offers interpretive guidance, scenarios for pay ratio rule
Lacking a reprieve from its effective date, the SEC has released interpretive guidance intended to assist companies in their efforts to comply with the controversial pay ratio rule.