All Compliance Week articles in Web Issue – Page 724
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Blog
Monitoring and Auditing Performance-Enhancing Risks
Every executive knows that what gets measured gets done; the trick for compliance and audit executives is to assure that the metrics you use don’t lead employees to do something reckless. This week, columnist Jose Tabuena looks at the risks of incentives: where they can go wrong, how to help ...
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Resource
The Relationship Between Learning, Workforce Agility, and Business Performance
With a constantly evolving business climate, encountering change is the new normal. As change permeates organizations, it challenges companies’ operational dexterity. Having an agile workforce is paramount to being prepared to effectively and efficiently adapt in times of change for maximum business impact. Organizations that embrace and practice agility are ...
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Blog
States Sue to Stop SEC’s Regulation A+
In petitions filed with the U.S. Court of Appeals for the District of Columbia, officials in Massachusetts and Montana, concerned by the diminished role of state securities regulators, are asking the court to vacate the Securities and Exchange Commission’s expansion of the Regulation A exemption ahead of its June 9 ...
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Blog
FASB Proposes Simplification to M&A Accounting
The Financial Accounting Standards Board is proposing a change to the rules around how to adjust provisional amounts recorded at the time of a transaction to simplify the accounting for business combinations. FASB says stakeholders say current rules are costly and complicated and don’t significantly improve the information available to ...
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Blog
Deutsche Bank to Pay $55 Million for Misstating Financial Reports
Deutsche Bank has agreed to pay a $55 million penalty to the SEC to resolve charges that it filed misstated financial reports, which failed to take into account a material risk for potential losses estimated to be in the billions of dollars, during the height of the financial crisis. Details ...
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Blog
Parting Thoughts From CW 2015
Image: The Compliance Week 2015 conference is now part of history. We had more than 560 compliance and audit professionals join us in Washington last week for three days to discuss all things ethics, compliance, audit, and risk management. Inside, editor Matt Kelly shares his thoughts on the most relevant ...
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Blog
Podcast: Internal Investigation Lessons From the NFL
Ray Rice of the Baltimore Ravens attacked his fiancée in an elevator. Super Bowl champion Tom Brady is in a protracted battle over whether he had game balls underinflated. In our latest podcast, we talk to Timothy McConnell, co-chair of the labor & employment practice at law firm Baker Donelson, ...
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Podcast
Podcast: Internal Investigation Lessons from the NFL
Ray Rice of the Baltimore Ravens attacked his fiancée in an elevator. Super Bowl Champion Tom Brady is in a protracted battle over whether he had game balls underinflated. In our latest podcast, we talk to Timothy McConnell, co-chair of the Labor & Employment Practice Group at the law firm ...
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Blog
Newell Rubbermaid Names Chief Accounting Officer
Newell Rubbermaid has appointed Scott Garber as corporate controller and chief accounting officer, effective June 1. He will assume these roles from John Ellis, who has been appointed vice president for finance operations and treasurer. Details inside.
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Blog
No Charges in HyperDynamics FCPA Case
Oil and gas company HyperDynamics announced last week that the Department of Justice has decided not to file charges following the completion of its investigation into potential violations of the Foreign Corrupt Practices Act. "We are extremely pleased to be informed that the DOJ has closed its inquiry into this ...
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Blog
Australian Stock Trader Tries Out 'Costanza Defense' in Sentencing Hearing
Australian stock trader facing sentencing for insider trading channels his inner George Costanza ("Was that wrong? Should I have not done that?")
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Blog
Second Citigroup Compliance Update Posted
Ten months after Citigroup’s $7 billion settlement with the government to resolve investigations into the sale of sub-prime mortgages, the bank has published its second compliance progress report, which provides an update on consumer relief credit submitted for the monitor’s assessment; a description of outreach events Citi has conducted; and ...
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Blog
Managing FCPA Audits on a Global Scale
Enforcing anti-corruption policies among employees and third parties is one of the foremost concerns for compliance departments, but developing a robust process to assess and uncover bribery risks is not easy. At Compliance Week 2015, legal and audit executives with oil services giant Baker Hughes shared how they audit parties ...
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Blog
SEC Proposes New Disclosures for Investment Companies
The SEC has proposed new rules and forms to modernize reporting for mutual funds, ETFs, and other registered investment companies. A new monthly portfolio reporting requirement, Form N-PORT, would require registered funds, other than money market funds, to provide portfolio-wide and position-level holdings data to the SEC. Details inside.
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Blog
Northwestern University Names First Chief Compliance Officer
Northwestern University has named Marcia Isaacson as the university's first associate vice president for compliance and chief compliance officer, effective Sept. 1. “The new position was created to ensure that Northwestern coordinates and optimizes compliance activities across the University’s three campuses and large research enterprise,” said Northwestern Provost Daniel Linzer. ...
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Blog
J.C. Penney Names New Chief Accounting Officer
J.C. Penney has appointed Andrew Drexler as chief accounting officer and controller. He succeeds Dennis Miller who will remain principal accounting officer until that time. Details inside.
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Blog
Deloitte and IBM Team to Deliver Next Generation Risk Intelligence
Deloitte and IBM this week announced the latest step in their longstanding strategic alliance, creating a transformative series of risk management and regulatory compliance solutions to help financial services firms to more efficiently address their immediate compliance and conduct requirements. Details inside.
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Blog
Amgen Appoints New General Counsel
Amgen has appointed Jonathan Graham as general counsel and secretary, effective July 13. He will succeed David Scott, who is retiring Aug. 31. Details inside.
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Blog
Investcorp Hires CRO for Hedge Funds Business
Investcorp, a provider and manager of alternative investment products with approximately $11 billion in assets under management, has named Sunil Gaglani to the firm's hedge funds business in the newly created position of chief risk officer. Details inside.