All Compliance Week articles in Web Issue – Page 799
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Article
Companies Fall Behind on Preparing for Revenue Recognition Rules
Image: Title: Mirando-GouldAccounting experts say that most companies will not be prepared to follow new revenue recognition accounting rules at the start of next year, the ideal date for those that want to be ready for a full retrospective adoption. Meanwhile, officials at the Financial Accounting Standards Board say they ...
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ArticleShop Talk: Laying the Foundation of Good Compliance and Governance.
True, one size does not fit all, but there are still some common aspects that most high-functioning compliance and governance programs share, such as fostering a strong ethical culture, communicating effectively, and retaining a level of independence. During our latest executive roundtable, hosted with The Boeing Co. in Dallas, compliance ...
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ArticleShop Talk: Laying the Foundation of Good Compliance and Governance
True, one size does not fit all, but there are still some common aspects that most high-functioning compliance and governance programs share, such as fostering a strong ethical culture, communicating effectively, and retaining a level of independence. During our latest executive roundtable, hosted with The Boeing Co. in Dallas, compliance ...
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Blog
G20 to Focus on Beneficial Ownership Transparency in 2015
Improving beneficial ownership transparency will be a top priority for leaders of the G20 countries in 2015. Following a two-day summit in Australia this week, the G20 leaders released a new set of principles that sets out concrete measures that G20 countries will take to prevent the misuse of legal ...
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Article
Roundtable Biographies – 11/06/14
On Nov. 6, Compliance Week and Boeing presented an editorial roundtable at the Ritz-Carlton Hotel in Dallas. The focus of the roundtable, which was moderated by Executive Editor Joseph McCafferty, was on structuring compliance and ethics. Attendees’ full biographies are below.Candice AaronChief Compliance Officer, Equipment & Commercial DivisionGeneral Electric Candice ...
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Article
A New Congress Will Bring New Chances to Alter Regulatory Landscape
The midterm elections brought a much stronger position in Congress to Republicans. While it may not be enough to give them the clout they need to make vast legislative changes, it has given them hold on the purse strings. With control of the budgeting process, and a potential new willingness ...
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Article
HHS’s Plan to Target Data Security in 2015 Means More Audits
The Department of Health and Human Services plans to raise the bar on data security in the healthcare industry in the year ahead. The renewed focus likely means more audits and enforcement actions for providers and insurers. On HHS’s checklist are required contingency plans that establish procedures for responding to ...
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Blog
PCAOB Queues Up Fraud Talk; Latest Report Offers Tips to Resist Fraud
Audit regulators are assembling their closest advisors this week to take a closer look at the latest thinking around what motivates auditors and what tools and skills they bring to the effort to detect financial reporting fraud.
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Blog
SEC: Sending Saudi Officials on 'World Tour' Was FCPA Violation
In case there was any ambiguity that companies may not send foreign government officials on a "world tour" in order to secure business, the SEC made that clear yesterday. In an administrative proceeding filed yesterday, the SEC sanctioned two former employees in the Dubai office of U.S.-based FLIR Systems Inc. ...
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Blog
GAO Faults SEC for Internal Control Deficiencies
The message from the Government Accountability Office to the Securities and Exchange Commission: practice what you preach. A new, 176-page report from the government watchdog faults the agency for “a significant deficiency" in internal controls for its Investor Protection Fund.
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Blog
Hertz Restatement Expands, May Involve Tone at the Top; SEC Investigating
Hertz’s single-year restatement announcement in June has mushroomed into a multi-year restatement and an investigation by the Securities and Exchange Commission, the company reported on Friday in a Form 8-K filing. The filing offered the first hints that the problems may stem from poor tone at the top. More ...
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Blog
Morgan Lewis Admits 227 Partners from Bingham McCutchen
Morgan Lewis recently voted to admit 227 new partners to its firm, all joining from law firm Bingham McCutchen. The firm now will be comprised of nearly 2,000 lawyers and serve clients in the United States, Europe, Asia, and the Middle East. Details inside.
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Blog
Veteran Compliance Officer Joins TRACE
TRACE International announced today that Michael Ward has joined the anti-bribery association's advisory practice as senior director of compliance solutions, with immediate effect. Ward will be based in San Francisco, expanding TRACE's West Coast presence. Details inside.