All Compliance Week articles in Web Issue – Page 377
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Blog
Third ex-KPMG partner pleads guilty in inspection leak
A third ex-KPMG partner has consented to a guilty plea in connection with charges of fraud and conspiracy in regulatory inspections.
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Blog
PCAOB censures Deloitte Mexico partners in cross-border audits
The PCAOB has disciplined three partners at Deloitte Mexico, citing failures in cross-border audits that affected U.S. opinions.
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Blog
Data privacy bill threatens corporate fines, jail for executives
Sen. Ron Wyden (D-Ore.) has announced proposed legislation that would “impose harsh fines and prison terms for executives at corporations that misuse Americans’ data.”
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Resource
Staying a step ahead of third-party risk
The Department of Justice, Securities and Exchange Commission, and Internal Revenue Service (among other U.S. regulators) have all entered the fray when it pertains to guiding companies to mitigate third-party risk.
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Blog
SEC expands probe at GE after $22B impairment charge
The SEC has expanded its investigation into accounting issues at GE and is now looking into a $22 billion impairment charge, the company reported.
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Article
U.K.’s EA mum on combating plastic waste fraud
A recent report says the U.K. Environment Agency is investigating complaints of widespread fraud and non-compliance with waste regulations being perpetrated by organised criminals and certain U.K. firms—a claim the agency will neither confirm nor deny.
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Blog
FDA, DHS partner on medical device cyber-security
The Food and Drug Administration and Department of Homeland Security have announced a new framework for greater coordination and cooperation when addressing cyber-security in medical devices.
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Blog
CEOs pledge ‘commonsense corporate governance principles’
CEOs of 20 leading public companies, pension funds, and investment firms have signed onto a continuing effort intended to “jumpstart a national conversation on corporate governance.”
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Blog
Study links accounting expertise to misstatement risk
Accounting expertise coupled with high levels of executive compensation can increase the risk of misstatements, according to a new academic study.
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Podcast
Louis Sapirman on holistic compliance messaging
In our inaugural episode, former CCO Louis Sapirman chats with Tom Fox about his 360-Degrees of Compliance Communication model, which takes an all-encompassing approach to compliance messaging.
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Blog
State bank regulators sue OCC over FinTech charters
The Conference of State Bank Supervisors is suing to prevent the OCC from granting special national bank charters to non-banks, specifically FinTech firms.
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Blog
Prudential escapes SIFI tag, enhanced regulatory oversight
The FSOC has reversed a previous determination that material financial distress at Prudential Financial could pose a threat to U.S. financial stability.
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Blog
FinCEN advisor charged with leaking SARs to media
A senior advisor at the Financial Crimes Enforcement Network has been arrested and charged with leaking agency data to a reporter.
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Blog
Senators demand post-breach answers from Google CEO
U.S. Senators Catherine Cortez Masto (D-Nev.) and Amy Klobuchar (D-Minn.) have written a letter to Google CEO Sundar Pichai that demands more information regarding a recently reported breach.
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Blog
CII petitions exchanges over dual-class shares
The Council of Institutional Investors has filed petitions with the New York Stock Exchange and Nasdaq asking them to limit listings of companies with dual-class share structures.
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Blog
FASB edits hedging standard, more changes to come
FASB has finalized a change to the new hedge accounting standard to expand the list of permissible U.S. benchmark interest rates.
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Blog
U.K. data regulator slaps Facebook with maximum fine
Facebook has been hit with a £500,000 fine by the Information Commissioner’s Office for serious breaches of data protection rules stemming from the Cambridge Analytica scandal.
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Blog
Changes to PCAOB inspections will begin in 2019
A new approach to audit inspections will begin in 2019, with changes intended to focus on prevention and deterrence, new PCAOB chairman says.
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Blog
Big changes in store for goodwill testing, report says
Big changes in tax and accounting rules should produce big changes in goodwill impairment testing this year, according to a new report from Mercer.