All Compliance Week articles in Web Issue – Page 399
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Blog
EITF recommends asset treatment for some cloud costs
FASB’s Emerging Issues Task Force has arrived at conclusions about how companies should account for certain cloud computing arrangement costs.
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Blog
Trump threatens $200B in additional tariffs on China imports
On June 18, President Donald Trump directed the United States Trade Representative to identify $200 billion worth of Chinese goods for additional tariffs, at a rate of 10 percent, on top of the already-imposed 25 percent tariffs on $50 billion worth of Chinese goods.
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Blog
Theranos founder charged in wire fraud scheme
A federal grand jury on June 14 indicted the former founder and chief operating officer of private healthcare and life sciences company, Theranos, arising from allegations that they engaged in a multimillion-dollar scheme to defraud investors, and a separate scheme to defraud doctors and patients.
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Article
A boon for U.K. financial services firms: climate disclosure guidance
New climate disclosure guidance from The European Bank for Reconstruction and Development, meant to be promoted by G20 countries, will help the largest companies in the world with how they disclose long-term impacts of climate change in their financial results. The guidance is especially sought after by financial services firms.
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Blog
Two Roadrunner Transportation Systems execs charged in $245M securities fraud scheme
The Department of Justice has charged two former executives of Roadrunner Transportation Systems in an indictment unsealed on June 15 for their alleged participation in a complex accounting and securities fraud scheme that resulted in a loss of more than $245 million in shareholder value.
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Blog
Mergers and corporate culture
Big mergers are in the news, with the union of telecom giant AT&T and vast multimedia firm Time Warner and Comcast’s $65 billion bid for 21st Century Fox being just two examples. With the recent Justice Department emphasis on corporate culture, it will be interesting to see what this season ...
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Blog
No piling on requires global disclosure and cooperation
To receive the benefits of no piling on, companies must fully disclose their conduct and cooperate with regulators across the globe.
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Blog
Condos, corruption, and compliance
While President Trump promised condos in North Korea as a part of his negotiations with North Korean Supreme Leader Kim Jung Un, it doesn’t mean companies will have an easy time doing business in the country, which ranked as “highly corrupt,” on the 2017 Transparency International Corruption Perceptions Index.
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Blog
Phase 2 in third-party risk management: the questionnaire
An essential piece of third-party risk management is “the questionnaire,” which companies should garner on behalf of all their third-party relationships at the start of the union in order to move forward with all the anwers.
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Blog
What is due diligence?
Due diligence is key to getting your third-party risk management program off the ground.
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ArticleCAM discussions may drive new corporate disclosures
Audit committees may soon reconsider certain areas of corporate disclosure to get ahead of “critical audit matters” that will begin appearing in audit reports in 2019.
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Article
BMW to blame for delayed recall that led to driver’s death
Carmaker BMW’s delay in recalling U.K. cars with an electrical fault contributed to a driver’s death, a U.K. inquest has found.
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Article
Yahoo fined over historic data breach
The Information Commissioner’s Office has fined Yahoo £250,000 (U.S. $331,203) for a cyber-attack that placed 500 million users’ personal information at risk.
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Blog
China strikes back on trade tariffs with duties on U.S. products
China has launched a counter-offensive in the escalating trade war initiated by the United States, announcing additional tariffs in response to duties on its imports into the U.S. Covered products include oil, coal, soybeans, and whiskey.
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Blog
White House nominates successor for Mulvaney at CFPB
With Acting Director Mick Mulvaney’s tenure at the Consumer Financial Protection Bureau scheduled to end, by statute, on June 22, the White House has nominated Kathy Kraninger, his subordinate at the Office of Management and Budget, to take over.
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Blog
Dems seek investigation into SEC commissioner's alleged pro-gun diatribe
Democratic senators are asking the SEC's Inspector General to conduct an investigation into reports that a commissioner may have “linked potential regulatory action" to his personal views on firearms.
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Blog
For early revenue adopters, SEC digs into year-end disclosure
SEC staff are showing an interest in some specific disclosures companies are providing under the new revenue standard, based on themes emerging in comment letters.
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Blog
Fed rule targets risk concentrations among big banks
A new rule from the Federal Resere seeks to prevent concentrations of risk between large banking organizations and their counterparties from undermining financial stability.
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Resource
Beyond Liquidity: Optimizing Product Selection (Greenwich Associates Research)
Image: The number of financial products currently available to portfolio managers is impressive, with some of today’s instruments offering enhanced liquidity and eased access to the underlying markets.
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Blog
Trump makes Chinese tariffs official
President Trump has announced the execution of $50 billion in new tariffs on Chinese goods. The U.S. will implement a 25 percent tariff on a wide array of industrial and manufacturing products and parts.