All Compliance Week articles in Web Issue – Page 663
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Article
Revisiting Financial IT for Better Monitoring, Testing, Compliance
A funny thing happened on the way to the Shangri-La of automated monitoring and testing: It didn’t happen—at least, not yet. Advanced IT to improve monitoring and testing exists, but integrating those solutions into corporate data warehouses and business operations is harder than first thought. Inside, a look at how ...
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Article
Q&A: The Battle for Better Disclosure Data
Image: As part of our ongoing series of conversations with compliance and risk experts, we spoke with Hudson Hollister, founder and executive director, Data Transparency Coalition, a trade association pursuing the publication of government information as standardized, machine-readable data. Hollister talks about the SEC’s efforts to modernize its disclosure regime ...
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Article
Anti-Corruption Reforms Push Forward in Mexico
Mexico has moved forward again on its quest to strengthen anti-corruption laws there, adopting reforms to clear the path for government authorities to uncover and prosecute acts of corruption committed by companies, individuals, and government officials. More legislative work is ahead, but so far Mexico’s laws might even surpass the ...
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Blog
SEC Charges 36 Firms for Fraudulent Muni-Bond Offerings
The SEC has brought enforcement actions against 36 municipal underwriting firms for violations in municipal bond offerings. The cases are the first to be brought against underwriters under the Municipalities Continuing Disclosure Cooperation Initiative, a voluntary self-reporting program targeting material misstatements and omissions in municipal bond offering documents. Details inside.
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Blog
Ipreo Launches Corporate Governance Solution
Ipreo, a global provider of market intelligence and productivity solutions to corporate and financial services professionals, recently announced the launch of a new corporate governance solution that combines institutional data and analytics with workflow tools that enable better collaboration between the corporate secretary and the investor relations function at public ...
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Blog
Uber Decision Underlines Tough Questions Coming on Corporate Culture
Image: Last week the California Labor Commission ruled that an Uber driver is indeed an employee of Uber, not an independent contractor as Uber had argued. Compliance officers should take note, editor Matt Kelly says, because the case raises questions about the importance of corporate culture and the future of ...
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Resource
e-Book: Internal Controls in an FCPA Compliance Program
Internal controls have long been an overlooked requirement under the U.S. Foreign Corrupt Practices Act. This e-Book, written by Tom Fox, Compliance Week columnist and award-winning writer on FCPA issues, is a guide that compliance officers can follow to navigate the complexities of internal controls, to help mitigate the risk ...
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Blog
SEC Charges CCO of SFX With Compliance Failures
The Securities and Exchange Commission last week brought fraud charges against the former president of SFX Financial Advisory Management Enterprises for stealing client funds. The firm and its chief compliance officer separately agreed to settle charges that they were responsible for related compliance failures and other violations. Details inside.
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Blog
SEC Weighs In on New Debt Cost Presentation Guidance
The SEC is signaling a solution to companies struggling with how to reflect certain debt issuance costs under new guidance from the Financial Accounting Standards Board. During a recent meeting, the Commission acknowledged that FASB’s update doesn’t provide guidance on costs related to debt arrangements. Details inside.
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Blog
India Attempts to Tackle the Supply Side of Bribery
India’s Union Cabinet recently approved amendments to the Prevention of Corruption Act (PoCA) that will expand the scope of the law to corporate executives. Currently the law prohibits corrupt acts by public servants and government officials, who have been at the center of enforcement actions. Over the years, government corruption ...
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Blog
NFP Advisor Services Appoints CCO
NFP Advisor Services, a provider of wealth management solutions, integrated technology, and business consulting, has promoted Mike Pedlow to chief compliance officer. In his new role, Pedlow is charged with supervising all compliance efforts and leading the compliance management team. Details inside.
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Blog
Wheeler Real Estate Investment Trust Names Chief Accounting Officer
Wheeler Real Estate Investment Trust, a commercial real estate investment company, has appointed Matthew Reddy as chief accounting officer. In this newly created position, Reddy will oversee all aspects of the company’s accounting department and will assist the chief financial officer in all aspects of accounting and regulatory compliance. ...
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Blog
Two More NPAs Reached Under Swiss Bank Program
The Department of Justice today announced that two more banks—Bank Linth (Bank Linth) and Bank Sparhafen Zurich AG (BSZ)—have reached a resolution under the Department’s Swiss Bank Program, which provides a means for Swiss banks to resolve potential criminal liabilities in the United States. Bank Linth will pay a $4.1 ...
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Blog
eFront Launches FrontESG to Manage and Report Non-Financial Data
eFront, a software provider of financial solutions for managing alternative investments, has announced the launch of FrontESG, a solution that facilitates efficient ESG information collection, reporting and analysis between limited partners, general partners, and portfolio companies. Details inside.
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Blog
Big 4 Make Big Gains in Consulting Services, Report Says
Image: According to a new report from Source Information Services, Big 4 accounting firms outperformed the U.S. market in 2014, growing 12.8 percent to $17.5 billion in revenue compared with 2.4 percent growth for the economy overall. The U.S. market for consulting grew 9 percent in 2014 to more than ...
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Blog
Akerman Launches New Data Law Practice
Law firm Akerman this week announced the launch of its newly created Data Law Practice, and the expansion of the firm's varied services in the increasingly business critical areas of information governance, e-discovery, and data privacy and security. Details inside.
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Blog
Colliers International Group Appoints New Board Member
Colliers International Group has appointed Katherine Lee to its board of directors. She also will serve both as a member of the audit and risk committee, as well as the executive compensation committee. Details inside.
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Blog
BRG Adds Latin America Practice Leader
Berkeley Research Group this week announced that the firm has hired Frank Holder to head its Latin America practice and continues to build a robust BRG presence throughout the region. Holder brings over 20 years of experience in investigations and security consulting assignments in Latin America and the United States. ...
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Blog
SEC in 1942: Everybody Into the Pool!
How did the SEC staff end up working at the bottom of a swimming pool in 1942? The SEC Historical Society has the answer.
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Blog
Deltic Timber Expands Board of Directors
Deltic Timber, a natural resources company, has expanded its board of directors and elected of two new members to fill the additional positions, effective as of June 18. Details inside.