Appointment Blogs | Compliance Week – Page 287
-
Blog
Podcast: The Right Approach to Compliance Oversight
Establishing the right oversight structure is “one of the biggest issues currently facing the compliance profession,” says Kathleen Edmond, a partner at the law firm Robins Kaplan and former chief ethics officer at Best Buy. In our latest podcast we talk to Edmond about the debate over the best approach ...
-
Blog
Compliance Week 2015: Full Agenda Announced
Image: Good news for everyone looking to firm up springtime travel plans: we have just announced the agenda and speaker lineup for the best compliance and audit conference out there, Compliance Week 2015. From hardcore SOX compliance issues, to strategies for effective leadership of compliance teams, to all the operational ...
-
Blog
Survey: Financial Institutions Stymied by Conduct Risk
Financial institutions may talk a lot about “conduct risk,” but few actually approach it with a clear definition and focus. Eighty-one percent of respondents in a survey conducted by Thomson Reuters Accelus say they do not have a working definition of what conduct risk is. A big reason: regulators leave ...
-
Blog
SEC Eyeing BNY Mellon on Anti-Bribery
BNY Mellon disclosed in a Form 8-K filing with the SEC last week that certain of its current and former employees have received Wells notices for potential violations of the Foreign Corrupt Practices Act. BNY Mellon said it received a similar Wells notice in the fourth quarter of 2014. Details ...
-
Blog
Antitrust Division: $1.86B in Fines Last Year
The Antitrust Division of the Justice Department had one of its biggest years ever in fiscal 2014: $1.86 billion in fines and penalties from various enforcement actions. The lion’s share of that sum stems from a widespread price-fixing and bid-rigging scheme in the auto parts industry, as well as the ...
-
Blog
Microsoft Acquires Equivio
Microsoft this week announced that it has acquired Equivio, a provider of machine learning technologies for e-Discovery and information governance. Rajesh Jha, corporate vice president, Outlook and Office 365, said in a statement that Microsoft made the acquisition to help its customers "tackle the legal and compliance challenges inherent in ...
-
Blog
Dell InTrust 11.0 Enhances Data Analytics Capabilities
Dell this week announced the latest release of Dell InTrust 11.0, a new IT data analytics solution that gives organizations the power to search and analyze vast amounts of IT data in one place, with real-time insights into user activity across security, compliance and operational teams. Details inside.
-
Blog
AvePoint Compliance Guardian SP 3 Helps With Data Loss Prevention
AvePoint, a provider of enterprise-class Big Data management, governance, and compliance software solutions for next-generation social collaboration platforms, has announced the general availability of AvePoint Compliance Guardian Service Pack (SP) 3. Compliance Guardian mitigates privacy, information security, and compliance risks across your information gateways with a comprehensive risk management process ...
-
Blog
EY Expands Collaboration With IBM
EY is building on its collaboration with IBM to help global clients leverage new advanced analytics and accelerate their adoption of transformational technologies. EY will work directly with IBM on joint go-to-market activities and new applications based on IBM’s portfolio of analytics, Big Data products, and cloud solutions. Details inside.
-
Blog
Raytheon Company Appoints New General Counsel
Defense giant Raytheon has appointed Frank Jimenez as general counsel, effective as of Jan. 19. He succeeds Jay Stephens, who is retiring from Raytheon on March 31 after serving 12 years as general counsel and corporate secretary. Details inside.
-
Blog
A Closer Look at the SEC's Financial Reporting Cases in FY 2014
As I have previously discussed here in detail, the SEC announced in 2013 that it would be greatly sharpening its focus on accounting fraud cases. Among other things, the agency established a Financial Reporting and Audit Task Force in July 2013 staffed with lawyers and accountants specifically focused on generating ...
-
Blog
SEC Warns on Foreign Business vs. Joint Venture
Be careful what you call a “foreign business.” The Securities and Exchange Commission says it is seeing too many instances of companies trying to call their joint ventures “foreign businesses” for financial reporting purposes. Perhaps that’s because the reporting requirements might be easier to meet. See inside.
-
Blog
Engineering Firm Nicked $3.4M on FCPA
Engineering and construction firm PBSJ has agreed to pay $3.4 million in financial remedies to the SEC for violations of the Foreign Corrupt Practices Act by offering and authorizing bribes and employment to foreign officials to secure Qatari government contracts. Details inside.
-
Blog
New Chair Named to Attorney General’s Advisory Committee
Attorney General Eric Holder today appointed U.S. Attorney John Walsh for the District of Colorado as chair of the Attorney General’s Advisory Committee of U.S. Attorneys, and U.S. Attorney Richard Hartunian for the Northern District of New York to serve as vice chair. Both appointments are effective immediately. Details ...
-
Blog
FASB Wants Comment on Financial Instruments
Image: FASB wants public comment on one final aspect of its standard for financial instrument classification and measurement, focused on how entities should disclose hybrid financial instruments containing embedded derivatives that are separately recognized. FASB plans to get a proposal out soon so the comment period can be wrapped up ...
-
Blog
Poll Finds Uncertainty on COSO, Revenue Recognition
Up to one-third of companies may not be implementing the new COSO framework for their 2014 financial reporting, and one-fourth don’t know when they will implement the framework.
-
Blog
Citigroup Compliance Update Posted
Six months following Citigroup’s $7 billion settlement with the government to resolve a federal investigation into the sale of subprime mortgages, the bank’s compliance monitor has published his first report on progress made. The report details Citi’s efforts on outreach requirements, tax reporting requirements, and consumer relief credit to date. ...
-
Blog
U.K. Regulator Places Corporate Culture at Heart of Compliance
Image: Title: BischoffWith the recent release of an annual report detailing compliance gains, the head of Britain’s Financial Reporting Council called on boards to tackle the complex issue of corporate culture to ensure ethical corporate behavior. FRC Chairman Sir Winfried Bischoff said his agency this year will delve into how ...
-
Blog
S&P to Pay $77 Million for Ratings Misconduct
Standards & Poor’s Ratings Services has agreed to pay $58 million to the SEC, $12 million to the New York Attorney General’s Office, and $7 million to the Massachusetts Attorney General’s Office to settle a series of federal securities law violations involving fraudulent misconduct in its ratings of certain commercial ...
-
Blog
Survey: Cyber-Threats a Growing Concern for European Risk Managers
Image: Title: HirsWhile traditional risks due to business interruption and the supply chain remain risk managers’ top concern, cyber-risks are moving up the list, particularly in some European countries. Allianz SE’s Risk Barometer 2015 showed cyber-risks cracked the top five concerns globally for the first time, up from 8th last ...