All Compliance Week articles in Web Issue – Page 312
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New Volcker rule eases restrictions on proprietary trading
The latest amendments to the Volcker rule, a regulation aimed at curbing banks from engaging in proprietary trading, seek to eliminate unnecessary complexity without thwarting the rule’s main objective.
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SEC settles with RSM over audit independence issues
The SEC has settled charges with RSM related to numerous auditor independence violations, spanning more than 100 audit reports across 15 clients.
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Greek parliament approves implementation of EU data law
Lawmakers in Greece voted to approve the implementation of partner legislation to the GDPR into national law, one month after being threatened with fines by the European Commission.
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SAExploration ousts senior leadership amid SEC probe
SAExploration Holdings announced the SEC has launched an investigation into areas of its accounting from 2015-16. The company also disclosed a significant reshuffling of its senior leadership team.
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Revenue recognition drove 2018 restatements, new report says
Revenue recognition drove more restatements in 2018 than in prior years and caused more restatements than any other area of accounting, a new study finds.
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Midland States names chief accounting officer
Midland States Bancorp announced the promotion of Donald Spring to chief accounting officer.
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Walmart adds two compliance execs
Walmart announced the hiring of Emma Waddell as vice president of financial services compliance and Joe Rodriguez as lead counsel of financial services.
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Fidelity National Information Services names chief accounting officer
Fidelity National Information Services announced in a Form 8-K the appointment of Christopher Thompson as chief accounting officer.
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Jaguar Health appoints chief accounting officer
Jaguar Health announced the promotion of Carol Lizak to chief accounting officer. Lizak formerly served as Jaguar’s vice president of finance and corporate controller.
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American Airlines hires general counsel
American Airlines announced Priya Aiyar has been named senior vice president and general counsel, succeeding Paul Jones, who retired from American earlier this year.
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PCAOB issues new guidance on auditing estimates
The PCAOB has issued new guidance to auditors about how to comply with new rules on auditing estimates, supervising specialists, and relying on their work.
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Amid industry crackdown, U.K. audit firms evolving with the times
It’s been an intense year for the audit industry in the United Kingdom—and things are expected only to get tougher as a new audit regulator, with new leadership and stronger statutory powers, prepares to take the reins.
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Deutsche Bank to pay $16M in FCPA case over hiring practices
Deutsche Bank has become the latest financial institution to pay a penalty for violations of the Foreign Corrupt Practices Act over questionable hiring practices, showcasing a litany of compliance failures.
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Okera launches policy builder
Data management firm Okera announced the Okera Policy Builder, a new feature designed to enable users to create and manage FGAC policies.
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FASB plans delay for new insurance standard
FASB is proposing another accounting delay, this time for a standard that will change the way companies recognize long-term insurance obligations.
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American Airlines to pay $22.1M over falsified mail delivery allegations
American Airlines has agreed to pay $22.1 million to resolve allegations of violations of the False Claims Act regarding the reporting of international delivery times.
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TherapeuticsMD to pay $200K for Reg FD violations
Pharmaceutical company TherapeuticsMD agreed to pay a $200,000 penalty to resolve charges brought by the SEC for Reg FD violations. The case imparts some compliance lessons.
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GRP adds risk management specialist H&S Click
U.K.-based insurance intermediary Global Risk Partners announced the acquisition of risk management specialist H&S Click.
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CyberRisk Alliance acquires peer group Cybersecurity Collaborative
CyberRisk Alliance announced the acquisition of peer council platform Cybersecurity Collaborative.
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DOJ closes FCPA probe into Misonix
The DOJ has now closed its investigation into medical device company Misonix—about a month after the SEC closed its probe—without bringing enforcement actions. The FCPA investigation still resulted in some extensive anti-corruption compliance reforms.