All Compliance Week articles in Web Issue – Page 611
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Blog
Recent XBRL data improvement seen as first of more to come
According to the XBRL U.S. Data Quality Committee, public companies reduced the number of errors in their filings by 64 percent in the first quarter of 2016 compared with first quarter 2015. Tammy Whitehouse spoke with Committee Chair Mike Starr, who says he anticipates bigger improvements ahead due to continued ...
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Blog
Senior SEC enforcement official Stephen Cohen to depart agency this month
Stephen Cohen, associate director for the SEC’s Enforcement Division, plans to leave the agency later this month after 12 years of service. A senior member of the Commission’s enforcement staff, Cohen joined the SEC in 2004 and has served as associate director since 2011. Bruce Carton has more.
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Resource
Managing the Insider Threat with Active Directory Security
Explore how the typical insider threat unfolds, and how implementing security best practices can minimize these threats. Read the white paper.
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ArticleSpotting the difference between ‘significant deficiency’ and ‘material weakness’
Material misstatements involve mistakes large enough, surely, to involve some kind of internal control shortcoming that allowed the misstatement to occur in the first place. So why aren’t more internal control reporting and auditing processes helping to identify control lapses in advance of material misstatements? Tammy Whitehouse explores.
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Blog
Risk reporting to the board
On the heels of Jim DeLoach’s “Six Principles for Improving Board Reporting,” Richard Steinberg offers four more principles regarding board risk oversight to ensure effective risk management, establish who is responsible for it, put board reporting in its proper context, and set channels of communication.
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Blog
Warner Bros. appoints chief accounting officer
Warner Bros. Entertainment has named Roger Willard as chief accounting officer. In this newly created position, Willard will be a key member of the company’s senior finance team, ultimately responsible for all accounting and compliance practices as well as treasury operations of the Studio.
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Blog
Cyber-security due diligence: a new imperative
Weak cyber-security is as much a hallmark of corporate mismanagement as poor corporate governance, bad tone from the top, and check-the-box compliance. But by taking the due diligence aspects of cyber-security seriously, compliance officers can turn data protection into an opportunity. John Reed Stark has more.
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Blog
At FIFA, things are only getting worse
The FIFA corruption scandal continues to rock the world of international soccer with new allegations of wrongdoings by former president Sepp Blatter (above) and his cronies. FCPA blogger Tom Fox explores the conflicts of interest that arise when those in charge set, negotiate, and approve their own salaries.
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Blog
Crowe Horwath acquires AbleBridge
Crowe Horwath, a public accounting, consulting and technology firm, has recently acquired AbleBridge, a software company that develops and sells industry software solutions built upon the Microsoft Dynamics Customer Relationship Management (CRM) platform.
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Blog
The Panama Papers: of shell companies and tax evaders
Long before the now infamous Panama Papers scandal made the headlines, Ryan Hubbs, a senior manager of fraud investigation and dispute services at EY, penned an article about shell companies that still resonates. Tom Fox discusses how this and other media can help companies avoid the same tragic fate.
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Blog
French tax authorities seek €356 million from Booking.com
French tax authorities are seeking €356 million (approximately US$404 million) from Booking.com, a unit of online hotel reservation company Priceline Group, to recover what they claim are unpaid income taxes and value-added taxes, the company disclosed in a quarterly report.
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Event
Best Practices in Asset/Liability Management: A Focus on Liquidity and Market Risk
ClevelandCleveland, OH 11111United States
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Blog
Deloitte Advisory announces new podcast series
Learning from leaders whose decisions changed lives and careers, who experienced a situation that took them to the brink and back; that’s the purpose of the newly-launched podcast series, “Resilient,” from Deloitte Advisory.
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Blog
Tipalti releases end-to-end accounts payable platform
Tipalti has launched the first ever end-to-end accounts payable automation platform for businesses. The holistic cloud-based solution features brand new invoice collection and approval technology, while streamlining the entire process of managing supplier payment operations—from supplier on-boarding to tax compliance, invoice processing, global payment remittance, and payment reconciliation with ERP.
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Blog
SEC offers views on adopting new lease rules
Getting a jump start on adopting the new accounting requirements for leasing? Good news: According to the SEC, companies will need to apply the rules to just the three years presented in the complete set of financial statements, not the five years worth of selected data provided in the financial ...
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Blog
Should data thieves be compensated?
Under what circumstances should you reward a data thief who exposes criminal activity? Tom Fox looks at the case of Hervé Falciani, who was employed at the bank HSBC and stole the list of persons who banked there, including those who did so to engage in tax evasion.
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Blog
CFPB proposes slate of payday loan rules
A rule proposed on June 2 by the Consumer Financial Protection Bureau includes its toughest attack yet on payday and title loans. Proposed requirements include a “full-payment” test requiring lenders to determine upfront that consumers can afford to repay what they borrow. Joe Mont has more.