All Compliance Week articles in Web Issue – Page 630
-
Blog
PCAOB ponders possible change in inspection approach
Word from the Public Company Accounting Oversight Board is that the inspections process could be changing. According to board member Jeanette Franzel, the agency is “exploring the potential for more random selection of audits and audit areas to inspect.” Tammy Whitehouse has more.
-
BlogPost ‘Panama Papers,’ Treasury sets rulemaking agenda
In the wake of the “Panama Papers” scandal, Treasury Department officials pledged a focus on issues related to shell companies and beneficial ownership. Making good on that promise, says Joe Mont, the agency has announced several actions, including: a customer due diligence final rule; proposed legislation on beneficial ownership, and ...
-
Blog
GAO warns SEC about data protection practices
A report by the Government Accountability Office finds that while the SEC has made strides in improving the security of its data and resolving previously identified problems, “weaknesses continue to limit the effectiveness of other security controls.” Joe Mont explores what steps the Commission should take, according to the report.
-
Blog
What is the 'KickAss Insider Trading Forum?'
It seems to me that if you are actually able to create an online forum of hackers and others that allows you to engage in profitable insider trading, that you might want to keep that on the "down low." According to a recently-published interview, the "KickAss Insider Trading Forum" ...
-
Blog
Cato Institute paper proposes JOBS Act improvements
On the same day the SEC announced it had completed the remaining workload on JOBS Act mandates, conservative think tank the CATO Institute, in an unrelated effort, offered its thoughts on how the legislation is meeting capital formation goals and ways it could be improved. Joe Mont reports.
-
Blog
Novartis names new chief ethics and compliance officer
Novartis has named Shannon Klinger as chief ethics and compliance officer and head of litigation, effective as of May 1. She assumes these responsibilities from Eric Cornut, who is retiring at a time when Novartis is facing a criminal investigation amid allegations that it made illegal payments to physcians in ...
-
Resource
Conducting Pre-Contract Vendor Due Diligence
In ProcessUnity’s new whitepaper, you will learn how to get it right from the start, using pre-contract due diligence to intercept risks before they become problems.
-
Blog
BDO Consulting expands financial services advisory
BDO Consulting, a division of professional services firm BDO USA, has appointed Gary Swiman as head of regulatory and compliance consulting for its financial services advisory practice.
-
Blog
Tipalti SuiteApp achieves ‘Built For NetSuite’ status
Tipalti, a supplier of payments automation solutions, announced that its Tipalti SuiteApp has achieved ‘Built for NetSuite’ status. The new SuiteApp, built using NetSuite’s SuiteCloud Platform, integrates with NetSuite OneWorld to provide one unified accounts payable automation solution, helping finance departments streamline their entire global supplier payment operation.
-
Blog
IntelliChief Analytics offers workflow visibility
IntelliChief, a provider of automated document management and workflow enterprise content management (ECM) solutions, has launched IntelliChief Analytics, a multicultural/multilingual-supporting business intelligence platform enabling complete visibility to live documentation in IntelliChief ECM.
-
Blog
Axioma expands Asia footprint with Japan office
Axioma, a provider of innovative risk management and portfolio construction solutions to financial institution, recently announced the launch of its Japan office and the appointment of Kiichi Takai as senior consultant for their multi-asset class risk division. Takai will be based in Tokyo.
-
Resource
Realizing the Value of Compliance Through Greater Effectiveness, Efficiency, and Sustainability
Organizations today are challenged to address a confluence of regulatory and business changes that are putting new demands on compliance. For some organizations, compliance costs and inherent risks have dictated significant changes in product offerings and business operations. Compliance should be integrated across the business to be best positioned to ...
-
Article
Banks face continuing parade of new regulations
Even as aftershocks of the Financial Crisis fade, banks continue to face a steady stream of new and evolving regulatory demands. Recent days have been no exception, says Joe Mont, with new demands regarding liquidity, swaps contracts, and a plan to undo the United States’ “see no evil” approach to ...
-
Blog
Study asserts companies shop for internal control audit opinions
Audit opinion shopping—a not-uncommon practice believed to have been cut down in the post-Sarbanes-Oxley era—remains live and well in capital markets, and it’s most pervasive in the presence of competition among auditors, according to research from the American Accounting Association. More from Tammy Whitehouse.
-
Blog
Pros vs. Joes: SEC enforcement headlines edition
Yesterday, however, the UK's Daily Mail weighed in on the SEC's recent Stephen Ferrone case with a headline that shows the difference between pros like itself and the rest of us average Joes in the "click economy."
-
BlogHave your say on the new Sustainability Reporting Standards
Stakeholders have 90 days from 19 April to comment on the initial set of six GRI Sustainability Reporting Standards to the Global Sustainability Standards Board, which has been commissioned to develop and approve the rules. The new standards cover subjects and disclosures from earlier guidance in G4, but will be ...
-
Blog
SEC wraps up remaining JOBS Act workload
On Tuesday, the SEC, completing its remaining workload on JOBS Act mandates, approved amendments to revise the rules related to the thresholds for registration, termination of registration, and suspension of reporting under Section 12(g) and 15(d) of the Securities Exchange Act. Joe Mont has more.
-
Blog
Wyeth and Pfizer to pay $784.6 million in False Claims Act case
Wyeth and Pfizer last week reached a $784.6 million settlement with the Department of Justice to resolve allegations that Wyeth knowingly reported to the government false and fraudulent prices on two of its drugs.