All Internal Controls articles – Page 44
-
ArticleAlan Halfenger: The true believer
Alan Halfenger stumbled into compliance more than two decades ago, but in the time since then, he has not only come to embrace and embody what it means to be a strong compliance professional, he has made it his mission to spread the word far and wide on what tomorrow’s ...
-
Blog
Lax controls—a cancer at one bank
Bill Winters, CEO of the U.K. bank Standard Chartered may have set a new precedent for taking a hard stance on ethics and compliance recently, when he penned an angry memo to 1,500 top managers announcing steps he has taken to “stamp out the cancer of complacency and lax controls” ...
-
Article
LendingClub could teach Theranos a thing or two about crisis management
Relatively young, technology-based companies face special difficulties when dealing with crises. Their focus on market disruption and their lack of established credibility make earning public trust even more difficult. And yet, LendingClub shows how it can be done at a time when Theranos certainly failed the crisis management test. David ...
-
Article
Don’t go it alone: working with other functions
During a panel discussion at Compliance Week 2016, ethics and compliance officers came together to discuss both the challenges and opportunities associated with working with other functions and how to minimize turf wars and silos while enhancing the compliance program. Jaclyn Jaeger reports.
-
ArticleSpotting the difference between ‘significant deficiency’ and ‘material weakness’
Material misstatements involve mistakes large enough, surely, to involve some kind of internal control shortcoming that allowed the misstatement to occur in the first place. So why aren’t more internal control reporting and auditing processes helping to identify control lapses in advance of material misstatements? Tammy Whitehouse explores.
-
Blog
Tone at the top and (former) CEO consulting
What does retaining a disgraced CEO as a consultant tell you about tone at the top?
-
Blog
Compliance Map tracks country of origin in complex supply chains
The Compliance Map, a developer of environmental compliance software and supply chain solutions, has launched the Compliance Map Origin Determination Module, designed to simplify origin tracking within a complex manufacturing supply chain.
-
Blog
BDO Consulting expands Dispute Advisory Services
BDO Consulting, a division of BDO USA, a professional services organization, has appointed Bob Broxson as managing director in the firm's Dispute Advisory Services practice, and as a member of BDO’s Natural Resources practice.
-
Blog
Key theme from Compliance Week 2016
The continued evolution of the Chief Compliance Offiicer and compliance function was a key theme from Compliance Week 2016.
-
Blog
UHY names new managing director
UHY Advisors, a tax and business consulting firm, has promoted Brad Baer to managing director in the UHY management and technology consulting group.
-
Blog
Are you a Top Mind?
Image: Compliance Week is profiling some of the brightest and most influential thought leaders in the world of governance, risk, and compliance as part of our inaugural Top Minds project—a series of in-depth profiles of corporate compliance officers, advisors, regulators, academics, and other experts to better understand how they view ...
-
Article
Compliance risks in M&A transactions
Image: 2015 was a record-breaking year for global mergers and acquisitions, but inherent in those deals are numerous compliance risks, such as potential Foreign Corrupt Practices Act violations and deal-breaking cultural clashes. Involving compliance personnel at the earliest stages of an M&A transaction can significantly reduce unforeseen liabilities. “You don’t ...
-
Article
Valeant’s financial restatement begs compliance questions
Valeant Pharmaceuticals’ announced financial restatement raises questions about the drug company’s compliance program and its business model. But it might also serve as an early warning to all publicly listed U.S. companies about the increased room for misjudging the booking of sales once FASB rolls out its new revenue recognition ...
-
Blog
Global risks driving transformational change
As risk management in general improves, we are seeing more CEOs embracing risk management as a concept and as a practice. But we also see misdirected focus and lack of attention to some of the greatest risks and opportunities facing their companies. Where companies are getting it right, they’re driving ...
-
Blog
SEC Charges Magnum Hunter with faulty evaluations of internal controls
Oil and gas producer Magnum Hunter Resources and several individuals settled charges this week with the Securities and Exchange Commission for deficient evaluation of the company’s internal controls over financial reporting, and failures to maintain internal control over financial reporting.
-
Article
Evolving your identity management program: Six cautionary considerations
For compliance professionals in regulated industries, there’s perhaps no greater challenge than identity management. Call it a program, a best practice or simply a daily struggle to account for all users and all the systems to which they have access—identity management is a beast that is tough to tame.
-
Blog
Chariots of Fire
Hoverboards were this holiday season’s must-have present, but ongoing product safety concerns, patent infringement lawsuits, and even a regulator raid at a prominent electronics industry tradeshow all point to a product category that has been rushed to market in more ways than one, constituting a compliance failure that is as ...
-
Resource
GRC Capabilities Illustrated Series: Review Design and Operation of GRC Capabilities for Principled Performance
We’ve all heard the old adage “what gets measured, gets done,” and this applies equally to GRC management actions and controls, which must be reviewed for operational effectiveness. Beyond that, we must consider that changes to the external and internal context may render our current actions and controls ineffective, so ...
-
Blog
New ADP Solution Helps With Wage and Hour Compliance
ADP recently announced the launch of ADP Time & Attendance, a new time and attendance management solution designed to help small businesses simplify wage and hour law compliance, help control overtime, help reduce labor costs, and increase payroll accuracy and efficiency.
-
Blog
Poll: Lack of Quality Data Poses Due Diligence Challenges
Regulators are increasingly demanding greater evidence of well-developed anti-money laundering compliance programs, processes, and systems and controls, and yet global companies are struggling to keep pace with it all. According to a new webinar poll conducted by Arachnys and Charter, 50 percent of compliance teams said the greatest challenge posed ...