Appointment Blogs | Compliance Week – Page 146
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The Vinci code: fake news press releases
A fake press release sent French construction firm Vinci into a downward spiral, provoking action from the Autorité des Marchés Financiers to get busy on reforms to prevent such damaging incidents.
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Uber and corporate culture
Does a company have to behave ethically to succeed? Perhaps not, as the recent ethical failures of Uber suggest. The company could be in hot water over its Greyball program, designed to thwart sting operations intended to catch Uber violating any taxi terms of services regulations.
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German Chancellor questioned in VW scandal
What did German Chancellor Angela Merkel know and when did she know it? A German parliamentary investigation seeks to uncover the truth about how much Merkel knew about diesel emissions standards and the VW case.
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Lease survey suggests companies are moving toward adoption
A software company’s recent survey suggests two-thirds of companies are on schedule in adopting new lease accounting requirements, but even the firm’s CEO is wary.
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FASB appoints new members to Emerging Issues Task Force
FASB has announced the appointment of Kimber Bascom, partner-in-charge of the Accounting Standards Group of KPMG’s Department of Professional Practice, and Lawrence Dodyk, an assurance partner in PwC’s National Professional Services Group, to the Emerging Issues Task Force.
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International Compliance Association launches new compliance certification service
The International Compliance Association (ICA), a provider of professional qualifications in AML, governance, risk and compliance and financial crime prevention, has introduced a new service called Compass.
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SEC revisits decades-old bank disclosure guide
The SEC has launched a review of "Industry Guide 3 - Statistical Disclosure by Bank Holding Companies," and will look to update disclosure requirements last itemized in 1976.
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SEC seeks to expand municipal securities disclosures
The SEC is looking to better protect investors and enhance transparency in the municipal securities market with two proposed rule amendments.
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LockPath issues GRC Buyer’s Guide
LockPath, a provider of governance, risk management, and compliance solutions, recently announced the release of the GRC Buyer’s Guide, a resource geared toward professionals seeking out GRC solutions for their organizations.
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SEC proposes requiring inline XBRL, provides IFRS taxonomy
The SEC has taken steps to advance the use and accuracy of digital financial statement data, proposing required use of inline XBRL and providing IFRS taxonomy.
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A plea to G20 leaders about systemic risk
In a new letter to world leaders, the Systemic Risk Council is urging G20 countries to resist any pressure to weaken global financial reform measures.
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More details emerge about Yahoo ‘security incidents’
Yahoo General Counsel Ronald Bell has resigned; CEO Marissa Mayer will not be paid her annual bonus; and, following several internal failings, the company has started to implement a number of corrective actions following a series of security breaches, in which it is now believed that more than one billion ...
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SEC ends FCPA probe of Crawford & Co
Crawford & Co, an independent claims management firm, disclosed in a quarterly report this week that the Securities and Exchange Commission said it will not be bringing charges following a Foreign Corrupt Practices Act investigation.
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Advance Auto Parts names chief accounting officer
Advance Auto Parts, an automotive aftermarket parts provider, has appointed Jeffrey Shepherd as senior vice president, corporate controller, and chief accounting officer, effective as of March 1.
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Sysco appoints chief accounting officer
Sysco, a seller, marketer and distributor of food products has appointed Anita Zielinski as senior vice president and chief accounting officer, effective April 3, 2017.
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Labor Dept. seeks to delay fiduciary rule applicability
Following a presidential order to further review its controversial fiduciary duty rule, the Department of Labor is seeking to delay its effective date, allowing the time needed for additional analysis.
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AICPA issues five new revenue recognition drafts
In the steady march to new accounting for revenue recognition, the AICPA has five more new industry-specific implementation drafts for companies to consider.
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Trump targets controversial 'waters of the U.S. rule'
President Donald J. Trump has issued an Executive Order demanding that the EPA and the Army Corps of Engineers publish for notice and comment a proposal that rescinds or revises the controversial "Waters of the United States" rule.
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Oliver Schmidt—not quite Sgt. Schultz
“I see nothing! I hear nothing! I know nothing!” seems to be the rallying cry of former head of emissions compliance in the U.S. for Volkswagen Oliver Schmidt, who claims during the VW scandal, “he was a minor player misled by company lawyers and information technology specialists.”
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FASB updates accounting for certain benefit plans
Companies with employee benefit plans held in master trusts have some new accounting rules to learn and observe, courtesy of the Financial Accounting Standards Board.