All Compliance Week articles in Web Issue – Page 672
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Article
Dodd-Frank Reform: The Beat Goes On
The Dodd-Frank Act may be turning five years old this summer. Fights about Dodd-Frank, on the other hand, feel like they’ve been going on forever. Washington was back at it again last week, proposing various fixes, reforms, and exemptions to all manner of Dodd-Frank, much of it to help large-ish ...
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Blog
Ceresney Breaks Down Recent Results of Busy SEC Litigation Docket
SEC Director of Enforcement Andrew Ceresney recently provided some detailed updates on the work and recent results of the Enforcement Division’s national litigation program. He characterized the litigation docket as “busy,” with approximately 130 litigators in the national trial unit who are currently litigating more than 550 cases. He stated ...
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Article
Hurry-Up Offense on Employee Surveillance
Image: Surveillance of employee activity is nothing new in the financial services sector, but the financial crisis, the LIBOR scandal, and other misconduct are driving new demands for smarter, better surveillance. Inside, we look at some of the IT challenges to extracting better intelligence from your data. The goal is ...
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Article
Compliance Trends in 2015: More Authority, More IT Uncertainty
Good news for compliance officers in existential crisis: A majority of CCOs are now part of the senior management teams at their businesses, and they have more authority than ever before. Those are two among many findings of the 2015 Compliance Trends Report, the annual survey of compliance leaders conducted ...
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Article
Doing God’s Work: Compliance Reform at the Vatican Bank
Image: The Istituto per le Opere di Religione, commonly known as the Vatican Bank, suffered for decades from poor internal controls and conduct. How has the Holy See tried to recover? Slowly, surely, and with a risk-based approach following international standards. “The expectations are huge in building trust and confidence, ...
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Article
PCAOB to Audit Committees: Help Us Help You
Image: The PCAOB’s latest guidance to audit committees will help them understand how to push their audit firms to dig deeper into risk. It may also, however, nudge audit committees to undertake risk and audit oversight the PCAOB itself cannot do. “In places like China, the PCAOB cannot inspect, but ...
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Resource
In Focus: 2015 Compliance Trends Survey
For the last five years, Compliance Week has published an annual benchmarking survey, asking compliance officers how they work with their peers, what their responsibilities are, what resources they have and much more. This executive summary is the culmination of a much larger effort. We begin every winter, creating a ...
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Blog
The SEC Views on Whistleblowers: Sit Up and Listen
Whistleblowers—protecting them, working with them, not stifling them—continue to be one of the most important parts of the compliance officer’s job. This week, columnist Tom Fox reviews the SEC’s recent pronouncements on how it wants whistleblowers to be treated and how the SEC itself plans to keep encouraging whistleblowers to ...
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Blog
Revenue Recognition Implementation Brings Big Challenges
Companies in the vanguard of implementing the new revenue recognition standard are finding it a daunting task requiring major planning and coordination. At the Compliance Week 2015 conference, Bavan Holloway, vice president of corporate audit at Boeing, said companies need to have a strong change management process in place. “It’s ...
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Blog
Compliance Leaders Like Three Lines of Defense
Image: At Compliance Week’s annual conference this week, Jose Tabuena, chief compliance officer for NextHealth, advocated for the three lines of defense model. “I’ve worked with the accounting firms and those working with the COSO framework, and I find three lines of defense easier to explain,” he said. “The board ...
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Blog
Otonomy Appoints Chief Compliance Officer
Otonomy, a clinical-stage bio-pharmaceutical company, has appointed Eric Loumeau as general counsel and chief compliance officer. Previously, Loumeau also served as general counsel and chief compliance officer for Hollis-Eden Pharmaceuticals, a publicly-traded biotechnology company. Details inside.
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Blog
Study: CCOs Struggle to Navigate Anti-Bribery Risks
A new report from Compliance Week and Kroll Advisory Solutions gauged the level of confidence chief compliance officers have in their companies’ financial controls to catch books-and-records violations of the Foreign Corrupt Practices Act; according to the study, only 48 percent felt confident. See inside for more study details.
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Blog
CW2015: Cutting Through Compliance Complexity
Kicking off Compliance Week 2015 in Washington D.C. on Monday, compliance experts from Boeing, Walmart, and General Electric stressed the importance of having employees take part in culture-building and breaking training into simple, direct objectives. See more from their discussion inside.
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Resource
2015 Anti-Bribery and Corruption Benchmarking Report
How do companies navigate bribery and corruption? On May 18, Compliance Week and Kroll released their 2015 Anti-Bribery & Corruption Benchmarking Report. The results give compliance officers a view into the anti-bribery and corruption threats they face and share resources for creating a risk-based compliance program. If you haven't already ...
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Blog
BRG Launches Global Investigations and Strategic Intelligence Practice
Strategic advisory and expert consulting firm Berkeley Research Group has launched a Global Investigations and Strategic Intelligence practice. Allen Applbaum has been appointed as global leader of the practice. Details inside.
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Blog
Actiance Supports Skype for Business and Yammer
Actiance, a compliance, security, archiving and e-Discovery provider for critical business communications, announced that it now supports Skype for Business and Yammer. With Actiance’s extended support, companies can control, monitor and archive all their critical communications as they move to the cloud and as they adopt new communication channels. Details ...
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Blog
State Street Anticipating Enforcement Action
State Street disclosed in a filing with the Securities and Exchange Commission this week that it expects to become the subject of an enforcement action brought by the Federal Reserve and the Massachusetts Division of Banks for deficiencies in the bank’s compliance program relating to the Bank Secrecy Act, anti-money ...