All Compliance Week articles in Web Issue – Page 580
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Blog
SEC approves support fee increase to fund PCAOB budget
The accounting support fee that public companies and broker-dealers pay to support audit regulation will rise in 2017 by about 6 percent, based on the PCAOB’s budget. Tammy Whitehouse has more.
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Blog
Compliance has become the heart of the business
Compliance has taken center stage in investors' eyes according to Tom Fox. Large institutional investors are beginning to evaluate companies by considering a mix of metrics, such as regulatory warnings, tangential civil lawsuit, and social responsibility. Fox has more.
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Blog
SFO closes corruption probe into Soma Oil & Gas
The U.K. Serious Fraud Office said yesterday it has closed its investigation into London-based Soma Oil & Gas Holdings, Soma Oil & Gas Exploration Limited, Soma Management Limited, and others, related to allegations of corruption in Somalia. Jaclyn Jaeger reports.
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Blog
Braskem to pay $957M settlement in Petrobras corruption probe
Brazil-based petrochemical giant Braskem disclosed yesterday that it will pay a total amount of approximately US$957 million in penalties and damages to resolve a global settlement related to the massive corruption probe surrounding state-owned oil company Petrobras. Jaclyn Jaeger has more.
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Blog
As states legalize pot, FinCEN urged to update guidance
A bipartisan team of U.S. senators is urging the Treasury Department to take further action to ensure that vendors working with legal marijuana businesses do not have their banking services taken away, writes Joe Mont.
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Blog
How to get a Volcker rule extension for illiquid funds
Banks have some new guidance on how to seek an extension for conforming their investments in "illiquid funds" to the Dodd-Frank Act's Volcker Rule. Joe Mont reports.
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Blog
PCAOB hits Deloitte again, this time at Netherlands affiliate
Deloitte has taken another enforcement hit from the PCAOB, this time for independence violations at an affiliate in the Netherlands. More from Tammy Whitehouse.
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Blog
Hensarling warns SEC about 'midnight regulations'
The chairman of the House Financial Services Committee is warning the SEC to put a halt to any new rules it may have planed prior to the start of the Trump Administration.
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Resource
Cyber Risk Appetite: Defining and Understanding Risk in the Modern Enterprise
Managing risk is a balancing act for organizations of all sizes and disciplines. While some organizations take on too much risk, others arguably do not take on enough.
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Blog
Grapevine: Who’s coming and going in compliance
Automotive giant Daimler has appointed a new chief compliance officer and head of group compliance; the OCC, the world’s largest equity derivatives clearing organization, also named a new chief compliance officer this month, with immediate effect; and South Jersey Industries, an energy services holding company, appointed a new chief risk ...
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Blog
Argentine sports media company to pay $112M in FIFA probe
Torneos y Competencias, an Argentine sports marketing company, agreed to pay over $112.8 million in forfeiture and criminal penalties to resolve U.S. charges relating to wire fraud conspiracy in connection with the FIFA corruption scandal. Jaclyn Jaeger reports.
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Article
U.K. looks to make big changes in corporate governance
The United Kingdom seeks to update corporate governance regulations on three fronts: executive pay, the connection between boards and stakeholders, and applying the corporate governance codes of listed companies to large private firms. Paul Hodgson reports.
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ArticleBuilding a resilient global supply chain
Global supply chain risk has climbed to record levels. Jaclyn Jaeger reports on how one global company is working to bullet-proof its supply chain risk management program.
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Article
Before M&A, think cyber: what every board needs to know
Nothing can sideline a merger or acquisition quite so well as dodgy cyber-security compliance. Simone Petrella discusses what every board should know in advance.
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Blog
How JPMorgan Chase avoided prosecution over ‘Sons and Daughters’
At one time, it looked like JPMorgan Chase had landed in fairly hot water with its ‘Sons and Daughters’ bribery scandal. But for every misstep, says Tom Fox, there is a path to freedom.
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Article
Slowly but surely, global governance practices are converging
The United States and European Union don’t have a monopoly on corporate governance. A new study looks at how best practices are converging around the globe. Joe Mont reports.
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Blog
CAQ nudges audit committees on revenue recognition oversight
Citing an “urgent” need for audit committees to get up to speed on implementation of the new revenue recognition standard, the Center for Audit Quality offers some pointers. Tammy Whitehouse has more.
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Blog
Did Wells Fargo Give Prudential a Black Eye?
Tom Fox epxlores how the business relationship between Prudential and scandal-ridden Wells Fargo put Prudential in hot water.
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Blog
Companies fixed prominence most in non-GAAP sweep
To respond to pushback on non-GAAP accounting, most companies made changes to how prominently they displayed such figures, according to a recent analysis. Tammy Whitehouse reports.
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Article
Still battling over internal control? Focus on risk assessments, communication
In the continually evolving battle over internal control reporting and auditing, the strategy for the next front should include better risk assessments and timely communication with auditors. Tammy Whitehouse has more.