All Compliance Week articles in Web Issue – Page 644
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Blog
Candidates Hit SEC Over Revolving Door, Political Spending
The SEC found itself in the crosshairs of two 2016 presidential candidates this week. On Monday, Hillary Clinton co-authored a Huffington Post article supporting a bill intended to curb the “revolving door,” a career path where financial industry personnel join regulatory agencies and later return to the industry. Clinton’s ...
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Blog
MetricStream Offers GRC Cloud Business Intelligence Offering
MetricStream, a governance, risk, and compliance (GRC) management apps provider, this week announced a new offering: GRC Cloud Business Intelligence with Tableau. The new offering will enable MetricStream cloud customers to transform their raw risk and compliance data into on-demand analytics and actionable risk intelligence that can facilitate quicker and ...
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Article
FTC Speaks on Antitrust; Leaves Many Confused
Image: The Federal Trade Commission has finally spoken (for the first time in 100 years) about how it defines the scope of its enforcement authority for anti-competitive business practices. The bad news: Its guidance is short reading and slim on specifics. The lack of detail “may have opened the floodgates ...
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Blog
Blockbuster Mergers Prompt 'Tweet' Disclosures
“Safe, not sorry” is the approach companies currently involved in multi-billion dollar mergers are taking to their disclosures of social media communications to the Securities and Exchange Commission. Insurance giants Aetna and Humana, in the midst of a $37 billion deal, and Charter Communications(merging with Time Warner Cable), have disclosed ...
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Article
Feel the Churn: Big 4 Get Squeezed on Audit Engagements
Image: The Big 4 audit firms have lost more audit clients this year than they have gained, and second-tier firms seem to be picking them up. That churn is probably due to a variety of factors, from cost to PCAOB inspection reports to ease of working relationship, but the overall ...
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Blog
The Painstaking Challenge of Corporate Governance in China
The world’s second-largest economy threw the rest of the world a huge curveball this summer, with crashing stock markets and unpredictable regulatory reactions. Better corporate governance might help, but the truth about China is this: Its institutions are still weak, efforts to improve them difficult. Inside, columnists Stephen Davis and ...
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Article
Global Transparency Failures Endure, Adding Risk
Image: One of the great challenges for U.S. compliance officers as they build global programs is the basic lack of transparency into enforcement information in other countries. Two new reports give a better scope of the problem, even if the picture revealed is not terribly encouraging. “Getting access to information ...
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Blog
Interblock Names Chief Accounting Officer
Interblock, a developer and supplier of luxury electronic table gaming products, has appointed Bryan Coy as chief accounting officer. Coy joins Interblock from privately held Aruze Gaming America, where he served as chief accounting officer, Americas. Details inside.
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Blog
Entertainment Gaming Asia Chief Accounting Officer to Depart
Entertainment Gaming Asia, a gaming company focused on emerging gaming markets in Pan-Asia, announced the resignation of Andy Tsui, as chief accounting officer to pursue another career opportunity, effective Sept. 30. Traci Mangini, senior vice president corporate finance, has been appointed the interim chief financial officer, effective Oct. 1. More ...
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Blog
NAVEX Global Acquires The Network
Two big players in GRC software, NAVEX Global and The Network, have announced a merger. The company will still be known as NAVEX, and it will bring together dominance in whistleblower hotlines (The Network) and case management, training, and consulting (NAVEX). It is the first major consolidation in the GRC ...
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Resource
e-Book: Conducting Effective Investigations
Corporate investigations are a critical component of a robust compliance program; without the right resources to investigate allegations of wrongdoing, a company can suffer serious financial damages, and its credibility with regulators can also be called into question.To help compliance officers and legal teams navigate those challenges, this e-Book produced ...
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Blog
What’s Behind the Endemic Nature of Bribery: Poverty
Image: For all a company’s efforts to preach anti-corruption compliance worldwide, one ugly fact endures: Too many people in too many countries still need to pay bribes simply to survive. Ethics training has virtually nothing to do with the problem, editor Matt Kelly writes. The real challenge is how we ...
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Blog
Aguilar: SEC Should Consider Conditional Waivers, Online Database
Image: SEC Commissioner Luis Aguilar wants the agency to bring more clarity to its process for issuing waivers to companies sanctioned for misconduct, including a new “conditional waiver” process and an online database to shed more light on who asks for waivers and how often they are granted or declined. ...
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Blog
Naming and Shaming in FCPA Enforcement
One thing that critics of the Foreign Corrupt Practices Act constantly flail is the (alleged) lack of individual prosecutions under the law. Perhaps naming and shaming individuals responsible for actual FCPA violations would get word to the business community to take anti-corruption more seriously.
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Blog
De Niro to Play Bernie Madoff in HBO’s ‘Wizard of Lies’
Nearly six years after the scandal unfolded, HBO is moving forward with a film on the Madoff scandal based on Wizard of Lies, a book by NYT reporter, Diana B. Henriques. Robert De Niro will play the role of Bernard Madoff and Henriques will play herself in the movie.
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Blog
Gerald Green and Draconian Results of an Adverse FCPA Verdict
Gerald Green, one of the few individuals who went to trial against the Justice Department in a case where the government alleged violations of the Foreign Corrupt Practices Act, passed away last week. Green and his wife Patricia were convicted in 2009 of conspiring with others to bribe a Thailand ...
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Blog
FASB, Congressman Dispute Lease Standard’s Economic Effect
Image: FASB is pressing on with its planned fourth-quarter release of the final new accounting standard on leasing despite House Financial Services Committee member Brad Sherman’s (left) plea to FASB Chairman Russ Golden to consider analysis that says the standard will exact a heavy toll on the U.S. economy. Golden ...
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Blog
Demand Media Names Chief Accounting Officer
Demand Media, a diversified Internet company, has named Wendy Voong as chief accounting officer. She will oversee Demand Media’s accounting team and be responsible for the financial and accounting process. More inside.
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Blog
Pegasystems, DLA Piper Collaborate to Helps Banks With Regulations
Software firm Pegasystems and global law firm DLA Piper have collaborated to assist Pega in offering new software capabilities enabling financial institutions to reduce the time and costs associated with managing rapidly evolving laws and regulations. More inside.