All Compliance Week articles in Web Issue – Page 1093
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Blog
NYDFS to get new leadership
New York Governor Andrew Cuomo has announced the nomination of Linda Lacewell to be superintendent of the state’s Department of Financial Services.
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Blog
N.Y. State Pension Fund scrutinizes executive pay
The New York State Common Retirement Fund has reached agreements with Microsoft, CVS, Macy’s, TJX, and Salesforce.com to reexamine their executive pay policies.
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Article
CECL queues up as next big accounting change in 2019
The long-awaited new accounting for credit losses, better known as CECL, is moving forward in 2019 unless someone takes definitive action to delay or alter it.
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Blog
Department of Justice closes FCPA probe into Ciena
Telecommunications company Ciena disclosed in its latest annual report that the Department of Justice advised the company that it has decided not to file any charges against it in connection with a previously disclosed investigation into potential violations of the Foreign Corrupt Practices Act.
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Blog
Wells Fargo elects new board member
Wells Fargo & Company has elected Wayne Hewett to its board of directors. Additionally, Karen Peetz has decided that she will not stand for re-election and will retire as a director at the company’s 2019 Annual Meeting of Shareholders.
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ArticleTop 10 risks that will keep executives on their toes in 2019
A recent survey conducted by global consulting firm Protiviti and North Carolina State University’s Enterprise Risk Management Initiative reveals the top 10 risks facing board of directors and executive management teams in 2019.
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Blog
PCAOB report gives Deloitte its lowest deficiency rate
Deloitte & Touche’s recently published 2017 audit inspection report reflects the lowest deficiency rate the firm has ever earned.
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ArticlePot shops and banks are in the weeds when it comes to compliance
Clashes between state and federal laws are creating regulatory and compliance challenges as pot legalization becomes the norm.
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Blog
Comment letters show SEC forced restatement on ASC 606
After a 15-part comment letter exchange with the SEC over its compliance with new revenue recognition rules, Kingsway Financial Services opted to restate.
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Blog
BDO acquires Global Trade Strategies, Lootok
Accounting and advisory firm BDO USA announced the separate acquisitions of customs and international trade regulation consulting firm Global Trade Strategies and crisis management company Lootok.
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Article
Bezos fallout: Disclosure and divorce
When a CEO is in the midst of a divorce, as Amazon’s Jeff Bezos is, does that personal matter rise to the level of shareholder materiality? There are no easy answers, only slippery slopes.
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Blog
GPB Capital appoints chief compliance officer
GPB Capital Holdings has appointed Michael Cohn, who was formerly with the Asset Management Unit of the SEC’s Enforcement Division, as managing director and chief compliance officer.
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Blog
TRON hires its first head of compliance
David Labhart, a former supervisory attorney with the U.S. Securities and Exchange Commission, has joined TRON as the blockchain network's first head of compliance to help navigate its interaction with regulatory agencies and other financial authorities around the world.
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Blog
Waters: Shutdown is jeopardizing financial markets
As she assumes leadership of the House Financial Services Committee, Rep. Maxine Waters (D-Calif.) is arguing that the ongoing government shutdown is harming the SEC and the integrity of U.S. financial markets.
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Blog
SEC fines company over non-GAAP prominence issue
Still on its soap box over non-GAAP reporting, the SEC issued an enforcement action against home security company ADT focused on problems with prominence.
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ArticleUnderstanding the territorial scope of the GDPR
EU companies should scrutinize new guidelines from the European Data Protection Board that signal the long arm of the GDPR extends far beyond the European Union.
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ArticleStudy: Blowing the whistle won’t harm the bottom line
A new study from NAVEX Global reveals whistleblower hotlines don’t often prove detrimental to business outcomes.
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Blog
Los Angeles sues Weather Channel app, IBM over location data
The City of Los Angeles has filed a lawsuit against the operator of the Weather Channel smartphone app—an IBM subsidiary—for “covertly mining the private data of users and selling the information to third parties.”
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Blog
FASB issues Q&A on CECL method, sets roundtable date
To answer CECL implementation questions, FASB issued a Q&A focusing on the weight average remaining maturity, or WARM, method some entities are exploring.
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ResourceThe year ahead in compliance
Is 2019 the year of the compliance officer?, more regulator questions in the new year, SEC enforcement priorities for 2019, accounting changes in 2019, top ethics and compliance failures of 2018, and more.