All Compliance Week articles in Web Issue – Page 527
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Blog
SEC renews calls for revenue disclosures at year-end
Staff members at the SEC continue to beat the drum for disclosure about revenue recognition adoption, even where companies don’t have hard numbers. Tammy Whitehouse has more.
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Blog
PCAOB settles two actions against Deloitte affiliates
The PCAOB has settled actions against Deloitte affiliates in Brazil and Mexico involving allegations of issuing false audit reports and failing to archive audit documentation. Tammy Whitehouse reports.
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Blog
OCC sets stage for FinTech firms to charter as national banks
The Office of the Comptroller of the Currency will consider applications from financial technology (FinTech) companies to become special purpose national banks. Charters would come with heightened risk management and liquidity requirements.
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Blog
At Home Group creates chief accounting officer role
At Home Group has appointed Becky Haislip to the newly created role of chief accounting officer. The home décor retail chain also announced the appointment of a new independent director.
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Blog
AICPA objects to Labor Dept. proposal on benefit plan reporting
The accounting profession is objecting to proposed changes to employee benefit plan reporting, especially requiring plan sponsors to name the engagement partner on plan audits. Tammy Whitehouse has more.
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Blog
Global Governance redefines corporate governance best practice
Global Governance, a global professional advisory firm, announced the launch of its technology arm, Global Governance Software, and Stakeholder Capital Management Platform (SCMP) technology.
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SAS helps banks comply with IFRS 9 accounting standards
Shifting regulatory compliance and financial standards create an urgent need for banks to dismantle barriers between finance and risk departments. SAS Expected Credit Loss is a new solution that’s helping them succeed.
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Special ‘chairman’s flight’ leads to SEC action against United Airlines
Bruce Carton reports on the SEC’s case against United Airlines, which reportedly reinstated a money-losing non-stop flight “solely to curry favor with a public official.”
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Blog
Department of Justice launches new website on individual accountability
Deputy Attorney General Sally Yates in remarks this week announced that the Department of Justice has launched a new website in an effort to be more transparent about the much-talked-about Yates Memo and changes made last year to the Filip factors. Jaclyn Jaeger has more.
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Blog
21 individuals indicted in massive bribery and kickback scheme
A federal grand jury in Texas last month indicted 21 individuals involved in a massive bribery and kickback scheme for referring certain patients to physician-owned Forest Park Medical Center in Dallas. Jaclyn Jaeger reports.
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Blog
South Jersey Industries names chief risk officer
South Jersey Industries (SJI), an energy services holding company, has named Kenneth Lynch as chief risk officer, effective Jan. 1, 2017.
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Blog
OnDeck names chief risk officer
OnDeck, an online lender for small business, has appointed Nick Brown to the newly created role of chief risk officer. He will report to CEO Noah Breslow and serve as a member of OnDeck's senior management team.
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Blog
Five new members join Financial Accounting Standards Advisory Council
The Board of Trustees of the Financial Accounting Foundation has appointed five new members to the Financial Accounting Standards Advisory Council. Check out the Grapevine for more details and other noteworthy appointments.
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Blog
CFPB warns financial companies about sales incentives
The CFPB is warning the financial world to be leery of sales quotas that can lead to consumer harm and legal violations. Joe Mont has more on a bulletin from the Bureau that addresses best practices for a targeted compliance monitoring program.
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Resource
Taking Command of Your GRC Journey
RSA Archer provides a technology platform that leverages a common framework for managing risk and compliance in the context of your business, which is necessary for your governance, risk and compliance (GRC) program to succeed in today’s increasingly complex risk landscape and competitive markets.
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Blog
Companies take action against rising audit costs, FERF study says
Tammy Whitehouse has the results of a new study that shows audit cost increases for public companies are outpacing inflation, but the largest companies are taking measures to keep cost increases in check.
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Blog
PCAOB plans final action on new audit report
Audit regulators are on track to finalize by year-end a long-developing overhaul of the standard audit report. Tammy Whitehouse looks at what that means for auditors in the coming year.
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Blog
Trump's Treasury pick: 'stripping back Dodd-Frank' is a priority
During an interview with CNBC, Steven Mnuchin and Wilbur Ross, selected, respectively, as Treasury and Commerce secretaries, the two reiterated plans to roll back the Dodd-Frank Act.