All Compliance Week articles in Web Issue – Page 1161
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ArticleBig Four to FASB: Guidance needed on supplier financing arrangements
The Big Four accounting firms are asking FASB to provide guidance regarding the financial statement disclosures that should be provided by companies that have entered supplier finance programs involving their trade payables.
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ArticleRisk management tips from Tullett Prebon compliance woes
The U.K. Financial Conduct Authority fined Tullett Prebon (Europe) Limited £15.4 million (U.S. $19.8 million) after its compliance department failed to implement adequate risk management systems.
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ArticleSeven takeaways: Privacy, Big Tech in spotlight at ICDPPC
The International Conference of Data Protection and Privacy Commissioners offered varying perspectives on the latest in data privacy and technology from the likes of regulators, experts, and campaigners.
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ArticleUnethical practices at Infosys? SEC opens probe
The SEC has launched an investigation into Infosys based on an anonymous letter the agency received from several Infosys employees alleging CEO Salil Parekh forced them to engage in “disturbing unethical practices.”
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ArticleFTC proposes five amendments to NIST Privacy Framework
The FTC has submitted comment on NIST’s draft Privacy Framework, praising the agency for its proposal to help firms open a privacy dialogue and suggesting five amendments to improve upon the draft.
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Resourcee-Book: Meeting the expectations of the board
An organization is only as strong as its weakest link. As enterprises expand their international reach, the potential for uncovering fallible business associates multiplies.
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ArticleKey U.S. regulators join global financial network
The SEC, CFTC, FDIC, and OCC have joined a group of 50 financial authorities from around the world that comprise the Global Financial Innovation Network.
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ArticleThird Brexit delay approved: What’s next?
The countdown clock for the United Kingdom’s exit from the European Union has been reset to January 2020, giving PM Boris Johnson a set of new options to pursue in order to facilitate a deal.
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ArticleMastercard encourages unity with data privacy initiative
Mastercard is inviting other companies to join it in addressing individuals’ privacy rights with the launch of its Data Responsibility Imperative.
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Proofpoint, Hootsuite partner on compliance verification
Proofpoint and Hootsuite announced a partnership to allow real-time compliance verification on Hootsuite’s social media platform.
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ResourceWhite paper: The Case for a Comprehensive Equity Compensation Solution White Paper
Compensation structures continue to evolve, with new and added award types, a greater demand to tie pay to performance, more complex accounting, and more time being spent addressing participant questions and issues.
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ArticleGoogle facing privacy lawsuit from Australian regulator
Australia’s competition regulator has filed a lawsuit against Google for alleged misrepresentations regarding user data collected in relation to location services on Android devices.
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ArticleEY accused in U.K. gold-laundering scheme
Big Four audit firm EY has been accused of covering up evidence of smuggling by an organized crime gang that was laundering British drug money through gold dealings, according to an investigation by the BBC.
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ArticleData protection compliance lessons from UniCredit breach
UniCredit announced its cyber-security team has identified a data breach that compromised the personal records of approximately three million clients in Italy, highlighting critical compliance lessons for those in the financial services industry.
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ArticleSurvey: Consumers OK with retail privacy quid pro quo
Nearly three-fourths of respondents in a recent retail privacy survey said they are willing to share personal data in exchange for better pricing, special discounts, or exclusive offers.
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UCSF names chief ethics and compliance officer
The University of California San Francisco has named Brian Smith as chief ethics and compliance officer, a role he has held in an interim capacity since November 2017.
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TruClarity Wealth Advisors names chief compliance officer
TruClarity Wealth Advisors, an SEC-registered investment adviser launched in September 2019, has named Catherine Mustico as chief compliance officer.
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ArticleBig Four stranglehold on U.K. audit market widens
The Big Four’s dominance of the U.K. audit market has grown even further in the past year, according to the Financial Reporting Council’s latest report.
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World Bank Group debars MTZ Equipment for fraud
The World Bank has imposed a 30-month debarment on Canada-based MTZ Equipment for fraudulent practices connected to Afghanistan’s On-Farm Water Management Project.
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ArticleMattel ousts CFO after accounting probe reveals weaknesses
Following an investigation spurred by a whistleblower letter, Mattel announced it has uncovered material weaknesses in its internal controls over financial reporting and is now working to remediate the issues.