All Compliance Week articles in Web Issue – Page 351
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Blog
Treasury lifts sanctions on Rusal, En+, ESE
The U.S. Department of Treasury announced that it has lifted sanctions on three companies controlled by Russian oligarch Oleg Deripaska: power company EuroSibEnergo, aluminum producer UC Rusal, and Rusal’s parent company, En+ Group. Following this news, En+ Group announced an overhaul of its board of directors.
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Article
Huawei Technologies and U.S. affiliate indicted for theft of trade secrets, wire fraud
In court documents unsealed Jan. 28, a grand jury this month returned a 10-count indictment by two affiliates of Chinese telecommunications conglomerate Huawei Technologies for theft of trade secrets, wire fraud, and obstruction of justice.
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Blog
FASB hears CECL concerns, plans March meeting date
Making no promises about what action, if any, it will take, FASB will meet in March to discuss the CECL standard on credit losses.
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Blog
SEC starts slow post-shutdown process of returning to normalcy
As the government reopens after a month-long shutdown, the SEC is among the agencies returning to normal operations. Companies, however, should expect to vie for assistance on a "first come, first served" basis.
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Blog
CFPB wants ‘clear authority’ to oversee Military Lending Act
The Consumer Financial Protection Bureau is seeking to legislatively expand its purview to police financial products targeted to military personnel.
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Blog
Tennant Company names general counsel, corporate secretary
Tennant Company, a floor cleaning equipment company, has appointed Mary Talbott as senior vice president, general counsel and corporate secretary, effective Jan. 28.
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Article
Deloitte: financial institutions reengineer risk management
Financial institutions are beginning new efforts to reengineer their risk management programs and tap into emerging technologies, according to a survey conducted by Deloitte Global.
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Blog
Two new members added to SFO senior management team
Following an open competition, the U.K. Serious Fraud Office has appointed two new members to its senior management team: a chief intelligence officer and a new head of corporate services.
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Article
Fiat Chrysler vs. Volkswagen: A tale of two emissions cheaters
Compliance officers and corporate defense teams in the automaker industry should review carefully the consent decrees of Fiat Chrysler and Volkswagen for key insight into the sort of compliance obligations the government will expect moving forward as emissions-cheating investigations continue to unfold.
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Blog
PCAOB releases KPMG's 2016 report, 3 others
The PCAOB has published its report on KPMG’s scandal-ridden 2016 inspection, along with three other reports, describing high levels of audit deficiencies and mismanagement of quality.
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Blog
Former PCAOB Director of Enforcement joins Akin Gump
Claudius Modesti, former Director of Enforcement at the Public Company Accounting Oversight Board (PCAOB), has joined Akin Gump as a partner in its white-collar defense and government investigations practice in Washington, D.C.
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Article
Muddled DPA outcome for Tesco accounting fraud scandal
The U.K. Serious Fraud Office has released details of the deferred prosecution agreement it struck with Tesco—on the same day the supermarket chain’s former finance director accused of the accounting fraud was acquitted.
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Blog
CV Sciences appoints new chief accounting officer
CV Sciences, a supplier and manufacturer of hemp CBD products, has appointed Joerg Grasser to the role of chief accounting officer.
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Blog
TransAtlantic Petroleum names new chief accounting officer
TransAtlantic Petroleum, an international oil and natural gas company engage, announced that it has made several changes to its executive management team, including the appointment of a new chief accounting officer, as well as a new general counsel and corporate secretary.
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Blog
McHenry pushes for financial services hearings, Deutsche Bank records
Rep. Patrick McHenry (R-N.C.), the Republican leader of the House Financial Services Committee, has announced a series of hearings he wants before the Committee. He is also escalating document demands from scandal-plagued Deutsche Bank.
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Blog
Pier 1 names chief legal and compliance officer
Pier 1 Imports, an omnichannel retailer, has appointed Robert Bostrom as executive vice president, chief legal and compliance officer and corporate secretary, effective immediately.
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Blog
EY forms independent audit quality committee
EY has joined the rest of the Big Four in seeking independent consult on audit quality, forming a committee of outside experts to advise firm leaders.
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Blog
The Red Flag Group opens office in Paris
The Red Flag Group, a business intelligence and technology firm, announced the opening of an office in Paris in an effort to help French companies with their anti-bribery and anti-corruption compliance efforts.
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Article
Q&A: A view of bank risk from the battlefield
Compliance Week talked with Stuart Brock, director of Seal Software, about the risks faced by banks—not the least of which is third-party due diligence.
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Blog
Grant Thornton launches lease analytics app
Grant Thornton announced the launch of web-based application LeaseCom Analytics (LCA), designed to help companies adjust to FASB’s new lease accounting standard.