All United States articles – Page 186
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Uber to strengthen culture against sexual harassment, retaliation
Ride-sharing company Uber says it will clean up its act after agreeing to settle charges of sexual harassment and retaliation with the U.S. Equal Employment Opportunity Commission.
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Widespread Wawa data breach puts thousands at risk
Convenience store chain Wawa announced it has suffered a massive data breach that has affected “potentially all” of its store locations, compromising the debit and credit card information of thousands of customers.
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Bill to combat robocalls heads to Trump’s desk
A popular bill intended to crack down on illegal robocalls has passed House and Senate votes with overwhelming majorities and will soon make its way to President Trump’s desk for final approval.
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Ex-WorldCom CEO released from prison early
Former WorldCom CEO Bernard Ebbers was granted early release from prison due to deteriorating health. Ebbers had served 13 years of a 25-year sentence for participating in one of the biggest accounting frauds in U.S. history.
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Companies deserve a break on rushed CCPA compliance
The CCPA has been rushed from the start, says CW Editor in Chief Dave Lefort, who believes the California attorney general’s plan to give leniency for companies making good-faith efforts is the right call.
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Alleged compliance failures at Omnicare lead to healthcare fraud lawsuit
A series of alleged compliance failures at pharmaceutical services provider Omnicare has resulted in the Department of Justice intervening in yet another civil healthcare fraud lawsuit against the company.
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FASB finalizes simplification of income tax standard
The Financial Accounting Standards Board has issued an Accounting Standards Update to finalize changes to income tax accounting meant to simplify the process.
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Study: Board diversity, gender pay, political contributions top shareholder agendas
A Conference Board analysis of trends in shareholder voting and activism in Russell 3000 corporations demonstrates more shareholder savvy and creativity in pursuing social and environmental issues.
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SEC revives resource extraction disclosure rules
The SEC voted to propose a new version of rules that would require resource extraction issuers to disclose payments made to foreign governments or the U.S. federal government for the commercial development of oil, natural gas, or minerals.
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FTC appoints new antitrust head
The Federal Trade Commission announced the appointment of Ian Conner as director of the Bureau of Competition. In addition, Daniel Francis was named deputy director at the Bureau.
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PCAOB seeks input on modernizing QC standards
The PCAOB is accepting public comment on a potential approach to revising the board’s quality control standards in place since 2003 and outdated by modern technology.
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SEC bars former Goldman Sachs director over 1MDB scandal
Former Goldman Sachs Group executive Tim Leissner has settled charges brought by the SEC for alleged violations of the Foreign Corrupt Practices Act. His settlement includes a permanent bar from the securities industry.
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Businesses seek CCPA clarity as California AG issues dire warning
In comments submitted to the California attorney general’s office, businesses seek much greater clarity on the soon-to-be-in-force California Consumer Privacy Act.
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DOJ revises export control and sanctions enforcement policy
The Department of Justice has revised its policy regarding voluntary disclosures of export control and sanctions violations.
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Wells Fargo’s new TPRM head looked to Theranos for lessons
At CW’s Third-Party Risk Management and Oversight Summit, the head of Wells Fargo’s global TPRM group took a few pages out of biotech startup Theranos’ book to shed light on what not to do when building a risk culture.
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Life after LIBOR: Shell throws weight behind SOFR
Royal Dutch Shell has announced the signing of one of the world’s first credit facilities linked to the new Secured Overnight Financing Rate.
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Former FCPA chief’s 7 steps to third-party compliance
Speaking at CW’s Third-Party Risk Management and Oversight Summit, former FCPA Unit chief Kara Brockmeyer called attention to recent enforcement actions against Walmart and Ericsson as a way to highlight seven steps to third-party compliance.
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SEC’s Clayton: Talk of whistleblower cap ‘misguided’
Amid controversy surrounding proposed changes to the SEC’s whistleblower program, Chairman Jay Clayton continues to stress any adjustments won’t include a cap on awards.
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PCAOB CAMs report: Goodwill, revenue recognition lead way
Goodwill and other intangible assets and revenue recognition are among the most frequently communicated critical audit matters, according to the Public Company Accounting Oversight Board’s first report on the new disclosure.
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Liabilities and equity, LIBOR among priorities for FASB’s Golden
In a speech Tuesday, FASB Chairman Russell Golden laid out the accounting areas he hopes to finalize changes to before his term ends June 30, 2020.