All Compliance Week articles in Web Issue – Page 331
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Podcast
Mary Shirley on traveling in compliance
Mary Shirley, senior director of ethics and compliance at Fresenius Medical Care and a 2019 Top Minds recipient, details to columnist Tom Fox the adjustments she’s made in working in compliance across the globe.
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Resource
Third Party Risk: Driving Cross-Functional Alignment Across the Vendor Lifecycle
Outsourcing is nothing new, but recently we’ve seen companies increasingly rely on a network of third-party vendors to help them compete.
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Article
Justice Department: How to receive cooperation credit in False Claims Act cases
New Justice Department guidance details how companies can be rewarded for assisting in a False Claims Act investigation, but it includes some caveats.
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Article
FRC: Auditors must look for fraud
FRC CEO Stephen Haddrill confirmed that during the transition to the new statutory regulator, the Audit, Reporting and Governance Authority, the FRC will remain committed to tackling “deficiencies in audit and reporting quality vigorously.”
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Article
New rule: Companies must reveal drug costs in TV ads
Under a new rule enacted by the Department of Health and Human Services, pharmaceutical companies will soon be required to disclose in television commercials the price of their prescription drugs that cost more than $35 per month.
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Article
Orange to acquire cyber-security firm SecureLink
French multinational telecommunications company Orange announced the signing of an agreement to acquire European cyber-security firm SecureLink for €515m (U.S. $576 million).
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Article
Former SEC Commissioner Kara Stein joins IEX board
Former SEC Commissioner Kara Stein has joined the board of directors of the Investors Exchange.
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Article
CBS initiates new anti-harassment policies
CBS Studios has initiated new policies it says will ensure the network is “a safe, fair, and inclusive place to work.”
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Article
France Telecom execs on trial over employee suicides
The trial has begun for seven former France Telecom executives, who stand accused of implementing a severe cost-cutting regime that resulted in the suicides of dozens of employees.
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Article
CFPB proposes debt collection rule changes
Proposed regulations to renew the Fair Debt Collection Practices Act include unlimited texting and e-mail in collection efforts.
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Article
Commerce slices into Mexican tomato imports
The U.S., mired in a countdown to additional Chinese tariffs, will impose a 17.5 percent tariff on Mexican tomato imports beginning Tuesday. Shortages and spiking prices are predicted.
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Article
Some companies are ready for CECL, some are not
Citigroup raised its expected loan loss reserves under CECL as it prepares for parallel testing of its methodology, but plenty of organizations have barely started.
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Article
Shell compliance officer joins Nestlé as general counsel
Nestlé has appointed Leanne Geale as executive vice president and general counsel, and she will serve as a member of Nestlé’s executive board, effective Aug. 1. In this role, she will oversee the company’s legal and compliance functions.
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Article
Office Depot appoints chief accounting officer
Office Depot has appointed Richard Haas as chief accounting officer, effective June 14. He will replace Scott Kriss, who informed the company of his decision to resign.
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Article
Audit committees get some help overseeing CECL
The Center for Audit Quality is giving audit committees a hand in overseeing implementation of the new credit losses standard.
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Article
Gillibrand touts bill to protect against credit lending discrimination
The Protections in Consumer Lending Act is intended to protect against discrimination when consumers apply for different types of credit.
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Article
Senators chide slow-acting FTC over Facebook fine
With reports that the FTC is still negotiating penalties for Facebook’s breach of a privacy-related consent order, Senators Josh Hawley and Richard Blumenthal urged the agency to “act swiftly to conclude its investigation.”
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Article
As it cleans house, FTC spares a popular rule
The FTC has announced the completion of its review of the Holder in Due Course Rule (Holder Rule), a protection for consumers who purchase goods and services using credit obtained through a merchant or by a lender who works with a merchant.
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Article
FTC cracks down on Ukrainian dating apps
The FTC has removed dating apps from Apple’s App Store and Google’s Google Play Store following allegations they allowed children as young as 12 to access them.
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Article
PCAOB inspectors find recurring problems, but evidence of effort
Auditors are still struggling with many of the same issues that have appeared prominently in inspection reports the past several years—but many firms are taking steps to address recurring problems, audit regulators say.