All Compliance Week articles in Web Issue – Page 540
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Article
New SEC rules for securities clearing agencies may benefit EU banks
The SEC’s new rules for enhanced operational and governance standards for systematically important securities clearing agencies might just save EU banks billions of dollars in capital surcharges. Joe Mont reports.
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Blog
AICPA issues 7 new drafts on revenue recognition questions
Tammy Whitehouse looks at the AICPA’s seven new working drafts to address some of the hardest revenue recognition questions in software, telecommunications, and other sectors.
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Blog
CFPB updates exam procedures for Military Lending Act
The Consumer Financial Protection Bureau has announced the procedures its examiners will use when identifying consumer harm and risks related to the Military Lending Act. Joe Mont has more.
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Blog
Peapack-Gladstone Financial appoints chief accounting officer
Peapack-Gladstone Financial, a bank holding company with total assets of $3.6 billion as of June 30, and Peapack-Gladstone Bank has appointed Francesco Rossi as senior vice president and chief accounting officer of the company and the bank.
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Blog
Cognizant self-discloses FCPA investigation
Cognizant Technology Solutions said in a recent regulatory filing that it is conducting an internal investigation to determine whether certain payments relating to facilities in India were made improperly and in possible violation of the U.S. Foreign Corrupt Practices Act.
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Blog
Western World Insurance Group appoints director of risk management
Western World Insurance Group, a wholly-owned subsidiary of Validus Holdings, announced the appointment of Arya Yarpezeshkan as senior vice president, director of risk management, effective as of Oct. 3.
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Blog
Marvell Technology appoints chief accounting officer
Marvell has appointed Dave Caron as corporate controller and chief accounting officer.
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Blog
New rule requires sick pay for government contractors
A new rule issued by the Department of Labor will require federal contractors to provide paid sick leave to employees who work on, or in connection, with government contracts. Joe Mont reports.
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Article
Yahoo breach shows that boards may be their own worst enemy
Yahoo’s recently disclosed breach of at least 500 million user accounts underscores the risks board members create for the companies they serve by using free e-mail services. More from Joe Mont.
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Article
Audit committees need to dig into personal relationships
Regulators are warning companies and auditors to be more careful about personal relationships that could compromise auditor independence. Tammy Whitehouse has more.
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Article
How Sports Direct flouts the law without actually breaking it
Sports Direct is under fire for unacceptable employment practices, but ultimately, it might not have to change its ways much at all. Neil Hodge explains.
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Blog
The FCPA and the fight against terrorism
Tom Fox looks at the U.S. government’s linking of corruption and terrorism and its intention to use the FCPA as incentive to enact and enforce strong international and domestic anti-corruption and anti-bribery laws.
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Article
Sports Direct: realising the error of some of its ways
Embattled U.K. sports retailer Sports Direct is making some outward signs of trying to reform itself in light of the brutal working conditions at its stores. But is any of it substantive? Paul Hodgson investigates.
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Article
The vital link between compliance and procurement
For many organizations, compliance and procurement only work at all if they work together. But how they work together is something that is unique to every organization. Jaclyn Jaeger explores.
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Article
Compliance measures save Harris from FCPA prosecution
Jaclyn Jaeger explains how when Harris Corp. learned of internal FCPA violations, its reaction would provide a case study for compliance officers everywhere.
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Blog
A simple, brutal solution to dishonesty
To contain bad behavior, we need first to understand why we behave badly. Or do we? Perhaps sometimes the harshest compliance solutions are the least empathic … and the most effective. Bill Coffin has more.
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Blog
Tenet Healthcare to pay $513M in kickback settlement
Tenet Healthcare and several of its subsidiaries today agreed to pay more than a combined $513 million to resolve criminal charges and civil claims relating to a scheme to pay kickbacks in return for patient referrals. Jaclyn Jaeger has more.
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Blog
Will Wells Fargo lead to more whistleblowing?
Tom Fox looks at expert opinion on whether the recent accounting scandal at Wells Fargo will be used to enhance whistleblower laws and regulations.
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Blog
GSK to pay $20M to SEC to resolve bribery charges
U.K. pharmaceutical giant GlaxoSmithKline will pay a civil money penalty in the amount of $20 million to the Securities and Exchange Commission to resolve charges concerning bribery payments made to government officials in China. Jaclyn Jaeger reports.
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Blog
HPE, Iron Mountain form alliance
Hewlett Packard Enterprise has formed a strategic collaboration with Iron Mountain, a storage and information management services firm, to help organizations automate the application and execution of legal policy against their content and information repositories.