All Compliance Week articles in Web Issue – Page 685
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Blog
How Will Schrems Ruling Affect FCPA Compliance in Europe?
Image: The Schrems decision last week invalidated the safe harbor provision that let U.S. companies ferry personal data back and forth from Europe. Already compliance officers are beginning to sweat the implications of that ruling for anti-corruption programs. First likely headache: hotline data. Tom Fox, our Man From FCPA, has ...
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Podcast
Podcast: AML Compliance with Leon Blonk
Image: In this week's podcast, Leon Blonk, regional compliance officer, Bank of China discusses the current state of anti-money laundering compliance in the Netherlands and what companies should consider when conducting business in this part of Europe. According to transparency international, the Netherlands ranked eighth in TI’s latest Corruption Perceptions ...
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Blog
After 12 Years, Moving on From Compliance Week
Image: Matt Kelly has been in the news business in one form or another since he was 11, so to deliver a strong lead: He is stepping down as editor and publisher of Compliance Week at the end of the year. This week, he shares a few thoughts on the ...
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Blog
CAQ Echoes Regulatory Warnings for Year-End Audits
Image: The Center for Audit Quality has issued an alert to auditors advising where they should focus their audit attention this year. First up is professional skepticism and internal control over financial reporting, followed closely by risk assessments, cyber-security, revenue recognition, and related parties. “These alerts reflect the public company ...
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Blog
Kaiser Permanente Names National Compliance and Privacy Officer
Kaiser Foundation Hospitals and Kaiser Foundation Health Plan has named Vanessa Benavides as senior vice president and chief compliance and privacy officer, effective Nov. 9. She will work in transition with Daniel Garcia, who will retire as chief compliance and privacy officer later this year. More inside.
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Event
Annual Investment Advisor and Broker-Dealer Compliance Conference
San DiegoSan Diego, CA 1111United States
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Blog
Is FIFA Getting Serious About Ethics Reform?
FIFA seems to be getting serious about the perception that its organization is rife with corruption. Last week it suspended three of its top officials, including President Sepp Blatter. Those suspensions come one week after major sponsors demanded FIFA take action. Our Man From FCPA, Tom Fox, has more inside.
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Blog
Cosi Blames Decline in Q3 Sales on Pope
Last week, in an effort to explain third quarter sales that were down slightly from sales reported in the third quarter of 2014, the restaurant Cosi pointed the finger at an unlikely figure: the Pope!
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Blog
ERP Maestro Announces Pre-Audit SoD Scan
ERP Maestro introdcued this week a new free, no-commitment offering, the Pre-Audit SoD Scan (PASS), for companies of any size running SAP ERP software. The announcement comes as organizations begin to find it more difficult to pass audits due to higher expectations from external auditors in the wake of updates ...
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Blog
Calcbench to Provide XBRL based Financial Data to SEC Analysts
The Security and Exchange Commission has selected financial data provider Calcbench, through a competitive bid, to deliver subscription services to the agency. The award will allow a significant number of the SEC’s analysts to have access to Calcbench’s financial analytics platform, powered by eXtensible Business Reporting Language (XBRL). More inside.
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Resource
The Need for Third-Party Archiving in Office 365
Do you use, or potentially have plans to use, Office 365? If so, remember that your responsibility to archive email remains. You will still need to respond to litigation, routine discoveries, and pervasive regulations. Will Office 365’s email archiving capabilities meet your needs or will you need a better archiving ...
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Blog
Compliance Officer Salaries: A Benchmark Report
A new report compiled by the Society of Corporate Compliance and Ethics offers benchmarking data for chief compliance officers who want to see how their salaries compare to those of their peers. The report, which compares average compliance officer salaries by industry, size of company, and tenure, finds that CCOs ...
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Blog
Spokeo Appoints General Counsel
Spokeo has appointed Jason Matthes as senior vice president and general counsel. Matthes joins the people search engine with more than 10 years of experience providing strategic legal counsel to both public and privately-held software and data companies. More inside.
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Blog
MediaPro Launches New Adaptive Phishing Simulator
MediaPro this week announced two new tools to support its existing Adaptive Awareness Framework: the Adaptive Phishing Simulator and the Adaptive Knowledge Assessment. Both tools are part of MediaPro’s full suite of products designed to address companies’ evolving needs toward implementing a truly integrated security awareness program. More inside.
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Blog
Ingersoll Rand Names Global Legal and Compliance Leader
Ingersoll Rand, an air compressor supplier, has named Maria Green as senior vice president and general counsel, effective Nov. 2. She will serve as an officer of the company and be responsible for strategic leadership and oversight of Ingersoll Rand’s legal and compliance affairs worldwide. More inside.
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Blog
Double Trouble in Internal Investigations After Schrems
Image: Last week another huge shift in the compliance world happened: the Schrems decision by the European Court of Justice, finding that the previously presumed European Union Safe Harbor regime is invalid. For the anti-corruption compliance practitioner, the decision is double-trouble when you consider it in light of the recent ...
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Blog
More Data Show Audit Fees Rising for Public Companies
A recent study from Financial Executives International of 7,000 public companies revealed that 20.6 percent reported ineffective internal controls over financial reporting, and the median audit fee increase for those companies was 3 percentage points higher than for public companies as a whole. The companies cited two primary reasons for ...