All Compliance Week articles in Web Issue – Page 564
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Blog
AICPA issues five new revenue recognition drafts
In the steady march to new accounting for revenue recognition, the AICPA has five more new industry-specific implementation drafts for companies to consider.
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Blog
Trump targets controversial 'waters of the U.S. rule'
President Donald J. Trump has issued an Executive Order demanding that the EPA and the Army Corps of Engineers publish for notice and comment a proposal that rescinds or revises the controversial "Waters of the United States" rule.
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Blog
Oliver Schmidt—not quite Sgt. Schultz
“I see nothing! I hear nothing! I know nothing!” seems to be the rallying cry of former head of emissions compliance in the U.S. for Volkswagen Oliver Schmidt, who claims during the VW scandal, “he was a minor player misled by company lawyers and information technology specialists.”
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Blog
FASB updates accounting for certain benefit plans
Companies with employee benefit plans held in master trusts have some new accounting rules to learn and observe, courtesy of the Financial Accounting Standards Board.
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ArticleQ&A: Allstate’s approach to fostering an ethical culture
Kelly Noll, chief ethics and compliance officer at Allstate, shares how the insurer fosters a culture of ethics built on integrity, honesty, and accountability. Interview by Jaclyn Jaeger.
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Article
U.K. weighing reforms for corporate economic crime
Jaclyn Jaeger discusses the United Kingdom’s battle against economic crime and what the country is doing to promote good corporate governance.
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Article
Is it a business or an asset? Companies get new guidance
Companies will have some new analysis to do to assure their accounting for business transactions reflects a new definition of “business” in GAAP. Tammy Whitehouse has more.
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Article
OECD releases guidance to ensure responsible business conduct in garment industry
Neil Hodge offers a look at guidance from the Organisation for Economic Cooperation and Development meant to help businesses in the garment industry identify and mitigate risk in their supply chains.
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Blog
President orders agencies to create regulatory task forces
President Trump has signed an Executive Order requiring that government agencies establish a Regulatory Reform Task Force to evaluate existing regulations and identify those that should be repealed or modified.
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Article
Sapin II aims to challenge France’s culture of corruption
France’s anti-corruption law reflects its growing interest in embracing whistleblowing and getting clear of U.S. FCPA enforcement actions. Rodrigo Amaral reports.
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Article
In an era of reduced regulation, let’s not forget corporate integrity
Just because companies might face fewer rules doesn’t mean they have any less obligation to behave with ethical integrity, writes Exiger’s Daniel Alonso.
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Blog
Anglo American appoints group general counsel
Anglo American, a global mining company, has appointed Richard Price as group general counsel, and as a member of Anglo American’s group management committee, with effect May 1.
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Blog
AIG names deputy general counsel and corporate secretary
American International Group, a global insurance organization, has named Rose Marie Glazer as vice president, deputy general counsel, and corporate secretary, effective March 8. She succeeds Jeffrey Welikson, who is retiring.
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Article
Workplace investigations: 8 pitfalls to avoid
Investigating workplace complaints of harassment, intimidation, and other interpersonal issues is as challenging as it is mandatory. Sahil Kanuga shares eight common pitfalls to avoid.
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Blog
The Samsung corruption scandal—an unrecognized cost
The past year was particularly bad for Korean electronics giant Samsung, and it looks like 2017 has gotten off to the same rough start. Tom Fox looks at the recent arrest of Lee Jae-yong, vice chairman of Samsung Electronics, on charges of bribery, embezzlement, and perjury.
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Blog
Companies now doing compliance in Brazil
Corporations in other countries are increasingly moving from a paper-based compliance program to actually doing compliance. The Man From FCPA Tom Fox reports.
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Blog
ICSA initiates governance sea change
A call to overhaul the U.K. board governance system involves an unlikely alliance of organizations that underscores just how badly some camps want change. Paul Hodgson has more.
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Blog
Going concern audit rules updated for private, not public, companies
Private company audits soon will reflect new standards around the going concern call, but public companies will be getting their new standards no time soon. Tammy Whitehouse reports.
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Blog
FASB issues yet another revenue recognition clarification
Down deep in the weeds of the implementation of new revenue recognition accounting, companies have a new clarification to consider from FASB, writes Tammy Whitehouse.
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Blog
SEC issues new guidance on ‘robo-advisers’
The Securities and Exchange Commission this week published information and guidance for investors and the financial services industry on the fast-growing use of robo-advisers. Jaclyn Jaeger has more.