All Compliance Week articles in Web Issue – Page 662
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Blog
Gladstone Capital Appoints Chief Accounting Officer
Gladstone Capital has appointed Nicole Schaltenbrand as chief accounting officer, effective Dec. 7. Prior to joining the Company, chaltenbrand served as a senior manager of SEC reporting and accounting policy at National Rural Utilities Cooperative Finance.
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Blog
First National Collection Bureau Names Chief Compliance Officer
First National Collection Bureau, a national accounts receivable management firm, has appointed Issa Moe as the general counsel and chief compliance officer. He will report to Chief Executive Officer Bradley Jardon.
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Blog
Dish Network Names Chief Accounting Officer
DISH Network has appointed Paul Orban as chief accounting officer. He also will continue to serve in his current role as corporate controller.
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Blog
The Legacy of Frederick Bourke Rears Its Head
Sometimes it does not take active bribery or corruption by an individual to violate anti-corruption laws such as the Foreign Corrupt Practices Act. It is one of the few laws which makes illegal consciously avoiding the actual knowledge of the underlying crime.
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Blog
The Philippines Not Playing Around With Pyramid Schemers
The Philippines doesn't make a lot of news in the securities enforcement world. When the Philippines Securities and Exchange Commission does prosecute and convict someone for a major securities fraud, however, it doesn't play around!
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Blog
FASB Seats Transition Group for Impairment, Not Leases
Image: Building on the success of the revenue recognition transition group, FASB is planning a new group to facilitate implementation of the pending financial instrument impairment standard. In recent remarks, FASB Chairman Russ Golden said the TRG has already met to identify any key issues. The board is putting the ...
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Blog
SEC Trial Scorecard Update: Agency Prevails in First FY 2016 Trial
Last week, the SEC prevailed at trial in SEC v. National Note of Utah and Wayne L. Palmer -- a bench trial alleging a Ponzi scheme. Following this victory, the SEC is now 1-0 in its FY 2016 federal court trials.
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Blog
SEC Looks for Disclosures, Consistency in Revenue Rule; May Offer Guidance
Image: Companies that can’t say by year’s end how they will be affected by the new revenue standard should let investors know when they will have it sorted out. SEC Deputy Chief Accountant Wesley Bricker said recently, “As companies prepare their annual financial statements over the next couple of months, ...
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Event
ICFA 2015 : 17th International Conference on Finance and Accounting
SydneySydney NSW 11111Australia
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Blog
Regulators Continue Full Throttle on Internal Controls
Image: SEC Chief Accountant Jim Schnurr is encouraging preparers to communicate more with auditors and consider that tensions might be escalating because their controls aren’t up to snuff. “The ICFR issues identified by the PCAOB may not be just a problem of audit execution,” Schnurr said. “Rather, they may, at ...
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Blog
SEC to Consider Staff Proposal on IFRS
Image: The SEC is considering making amendments to rules that would give domestic issuers the chance to provide IFRS-based information as a supplement to U.S. GAAP financial statements. At a recent conference, SEC Chair Mary Jo White said, “The staff has now developed a recommendation for the Commission’s consideration, which ...
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Blog
Bills Advance to Sharpen SEC’s Small Business Focus
The House Financial Services Committee has approved a slate of bipartisan bills and resolutions intended to “protect consumers, grow the economy, strengthen government transparency, and help lead the fight against terrorists.” Among the bills is legislation that establishes an Office for Small Business Capital Formation within the SEC and ...
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Blog
Bill Would Force Tech Companies to Report Terrorist Activity
Social media sites would be required to report terrorist activity on their networks if newly reintroduced legislation gains needed support. The Requiring Reporting of Online Terrorist Activity Act would require technology companies to alert law enforcement agencies to online terrorist activity. The bill stops short, however, of requiring companies to ...
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Blog
Wyndham Settles FTC Charges in Cyber-Security Case
Wyndham Worldwide this week agreed to settle charges with the Federal Trade Commission that the company’s security practices unfairly exposed the payment card information of hundreds of thousands of consumers to hackers in three separate data breaches. The FTC first filed the complaint against Wyndham in 2012 over allegations that ...
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Blog
Southern Company Names Chief Compliance Officer
Southern Company has named Thomas Bishop as chief compliance officer and deputy general counsel for Southern Company Services, effective Jan. 1. In his new role, Bishop will provide regulatory and legal leadership and direction in coordination with compliance officers and directors across the Southern Company system.
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Blog
Survey: Banker Bonuses Plummet in 2016
Image: Bankers should see a sharp fall in their bonuses this year in light of new regulations and increased shareholder pressure around soaring banker bonuses. According to a U.K.-based salary benchmarking website, investment banker bonuses are expected to take a 4 percent dip this year. Last month, at an academic ...
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Blog
Europe Postpones Financial Transaction Tax Deal
Eurozone nations have yet to reach a deal regarding the new controversial European financial transactions tax, but they could reach an agreement by mid-2016. The proposal received support from 10 nations—with the exception of Estonia, which cited concerns about the January 2016 implementation deadline. Industry analysts believe that even while ...
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Event
AICPA Conference on Current SEC and PCAOB Developments
San FranciscoSan Francisco, CA 11111United States
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Event
The 6th Annual Hedge Fund Financial Reporting Think Tank
New YorkNew York, NY 11111United States
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Article
U.S. and U.K. Treasury Revisit AML Risks
Image: For the first time in 10 years in the United States—and for the first time ever in the United Kingdom—financial institutions have some much-needed insight into how these two countries intend to prioritize money laundering and terrorist financing risks, enabling compliance officers to better allocate their limited resources. “These ...