All Compliance Week articles in Web Issue – Page 625
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Article
Global Investigations in the Modern Era
“Europe” may be a nice short-hand for discussions about global business, but in reality is still 28 individual nations, each with their own laws and customs. Little surprise, then, that in several discussions about internal investigations at the Compliance Week Europe conference, the subject got complicated quickly. We have the ...
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Article
Consequences for Cloud Computing Accounting Start to Roll In
Image: Companies applying new guidance on accounting for cloud computing fees are finding the guidance is not so simple, and doesn’t always provide a sunny outcome on the financial statement, either. Prepare for detailed reviews of your contract, and possibly changes to key metrics and disclosures. “If someone thinks this ...
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Podcast
Podcast: The Compliance Risk of a Global Workforce
Research by ADP, a provider of human capital management services, found that an overwhelming majority of senior finance executives say monitoring tax, employment and payment-related rule changes has become increasingly time-consuming and fraught with risk. Part of the problem is a lack of access to the real-time, consolidated compliance data ...
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Article
As Compliance Risks Keep Rising, Banks Keep Rethinking
A sea change in risk is happening at big banks: Non-financial risks (read: regulatory compliance failures) are now driving the compliance conversation at large firms more than financial risks. “You can have adequate capital, adequate liquidity; but if you have the wrong kind of culture, that is where the problems ...
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Blog
Preparing for a Busy, and Political, Proxy Season
The 2015 annual meeting season was a whirlwind, driven by surprise voting outcomes and regulatory flip-flops on proxy access. The coming year could be even tougher, because presidential politics promises to turbocharge the corporate governance debate. This week, columnists Stephen Davis and Jon Lukomnik examine some of the likely issues ...
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Blog
Bristol-Myers Squibb Dodges Criminal FCPA Enforcement
Image: Last week Bristol-Myers Squibb announced that the Justice Department has decided to prosecute the company for a criminal Foreign Corrupt Practices Act. When you look at the facts of the misconduct, a declination seems a bit far-fetched, but our Man From FCPA, Tom Fox, takes a closer look at ...
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Blog
Millennium Health Appoints New Chief Compliance Officer
Millennium Health, a health solutions company, has appointed Darrell Contreras as its new chief compliance officer. The announcement of Contreras' appointment comes just weeks after Millenium Health reached a $256 million settlement with the government to resolve allegations that it billed for Medicare, Medicaid, and other federal health care programs ...
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Resource
Selecting Foundational Controls Makes SOX Compliance Easier
Key components of regulatory compliance include being able to demonstrate the use of appropriate IT-related internal controls that mitigate fraud risk, and the implementation of necessary safeguards for legally protected information that’s electronically stored and transmitted. Read this Dell white paper for a look at SOX security compliance from an ...
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Resource
Selecting Foundational Controls Makes PCI DSS Compliance Easier
Key components of regulatory compliance include being able to demonstrate the use of appropriate IT-related internal controls that mitigate fraud risk, and the implementation of necessary safeguards for legally protected information that’s electronically stored and transmitted. Read this Dell white paper for a look at PCI DSS security compliance from ...
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Blog
Volkswagen Disputes New EPA Allegations
The Environmental Protection Agency today issued a second “notice of violation” of the Clean Air Act, alleging that Volkswagen developed and installed a defeat device in certain VW, Audi, and Porsche light-duty diesel vehicles equipped with 3.0 liter engines for model years 2014 through 2016. These alleged violations are in ...
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Blog
Porsche Suspected of ‘Defeat Devices’ in Diesel Models
The Environmental Protection Agency has slapped additional charges against Volkswagen after the agency found that its subsidiary, Porsche, has been equipped with “defeat devices” to evade emissions tests. A notice of violation on the EPA’s website confirms that the regulator found 2014 to 2016 VW, Audi, and Porsche models ...
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Blog
Customers Expected to Stay With Big U.K. Banks Despite the CMA’s Move to Improve Competition
A report by research firm Pinset Masons and YouGov, reveals that 16 percent of customers would likely switch to a “challenger bank” like Metro or TSD within the next two years. These findings come after the British Competition Authority’s recommended the country’s biggest lenders to provide more information around ...
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Blog
Banks Could Face Long-Term Debt Requirements
Unveiling yet another rulemaking effort to end taxpayer bailouts when large banks fail, the Board of Governors of the Federal Reserve has proposed an increase in the loss absorbing capacity of systemically important U.S. bank holding companies and the domestic operations of smilarly designated foreign banks. Covered institutions would be ...
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Blog
The Big Lesson From Compliance Week Europe
Image: The Compliance Week Europe conference last week was a smashing success—a large turnout, of compliance professionals from across Europe (and beyond), who had vigorous discussions on all manner of topics, capped with great Belgian beer. Still, Compliance Week editor Matt Kelly writes, the most important lesson from our Europe ...
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Resource
GRC Capabilities Illustrated Series: Perform GRC Actions and Controls for Principled Performance
Principled performance is all about being able to reliably achieve objectives while addressing uncertainty and acting with integrity. You need to address threats, opportunities, and requirements by encouraging desired conduct and conditions and preventing what is undesired. Performing the right management actions and controls over business operations, risk, and compliance ...
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Blog
FINRA Chairman to Retire in 2016
The Financial Industry Regulatory Authority (FINRA), the largest independent regulator for all securities firms doing business in the United States, recently announced that Chairman and CEO Richard Ketchum has announced his plan to retire in the second half of 2016. The Board of Governors will conduct a search for his ...
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Blog
Fitch Ratings Appoints Chief Compliance Officer
Fitch Ratings has appointed Jeff Horvath as chief compliance officer, effective Nov. 2. He will be responsible for developing global compliance strategy and directing and monitoring Fitch's overall compliance program and will report to John Olert, chief risk officer of the Fitch Group. More inside.
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Resource
e-Book: Making the Leap From Compliance to ERM
For compliance and audit executives, deciding on the right enterprise risk management (ERM) structure can be a challenge—especially as the risk landscape continues to evolve with a fierce focus on anti-corruption, anti-money laundering, and cyber-security. The trick is moving from the compliance routines of today to a more coherent ERM ...
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Blog
McGladrey Changes Name to RSM
RSM U.S. (formerly McGladrey), a provider of audit, tax and consulting services, has launched its new brand, which unites fellow firms from more than 110 countries in the RSM International network under a common brand, by issuing the first global edition of The Real Economy. The unified brand is part ...