All accounting fraud articles - Compliance Week
Surgalign to pay $2M to settle accounting fraud charges. Aug 4, 2022. Medical implant manufacturer Surgalign will pay a $2 million penalty handed down by the SEC and recoup nearly $600,000 in incentive-based compensation from four senior executives who allegedly manipulated the company’s financial statements. Article.
Top ethics and compliance failures of 2021
2021年12月7日 · Opinion Top-of-mind takeaways from TPRM Summit. 2024-06-17T21:11:00Z By Jeff Dale. Top-of-mind issues addressed at Compliance Week’s Third-Party Risk Management & Oversight Summit, held June 3-4 in Atlanta, included safe deployment of artificial intelligence, assessing vendor viability and sustainability, understanding the role of procurement in risk …
Just what is ‘reasonable assurance’? | Article - Compliance Week
2014年1月21日 · Just what is ‘reasonable assurance’? By Jose Tabuena Tue, Jan 21, 2014 4:00 PM. A term of art in the audit profession that is tossed around but not well-understood is “reasonable assurance.”. What does it actually mean when an audit report attests with reasonable assurance that the financial reporting or internal controls are reliable?
Topics | Governance, Risk & Compliance | Compliance Week
CW2024 panelists discuss BYOD at center of off-channel comms debate. Coverage on compliance, corporate governance updates, data privacy, regulatory policy and enforcement, and everything in between. Explore recent compliance, risk & governance news at Compliance Week.
Top ethics and compliance failures of 2023
2023年12月14日 · A virtual currency exchange that sought to mislead regulators, banks failing after ignoring obvious risks, and a manufacturer that sold millions of its products in violation of U.S. export controls are among those that make up …
Accounting & Auditing - Compliance Week
2024年10月8日 · News Brief Ideanomics, execs to pay $5M over allegedly misleading auditor. 2024-08-12T20:19:00+01:00 By Adrianne Appel. Ideanomics, two former execs, and its current chief executive agreed to pay about $5 million and hire an independent compliance professional to settle allegations made by the Securities and Exchange Commission (SEC) that the …
SoFi unit fined $1.1M by FINRA for fraud prevention failures
By Aaron Nicodemus Mon, May 6, 2024 8:30 AM. SoFi’s brokerage unit will pay a $1.1 million fine to the Financial Industry Regulatory Authority (FINRA) for fraud detection weaknesses that allowed thieves to create SoFi Money accounts using fake or stolen identities. SoFi Securities failed to establish and maintain reasonable customer ...
Case study: How 3M uses predictive analytics - Compliance Week
2019年11月11日 · Case study: How 3M uses predictive analytics. By Jaclyn Jaeger Mon, Nov 11, 2019 10:32 AM. At a recent virtual conference, Michael Duran, chief ethics and compliance officer at 3M, shared in candid detail lessons learned from the …
The art of managing policy exception requests - Compliance Week
2013年2月25日 · Exception requests are often a thorn in the side of policy managers, and yet they are unavoidable for most. An effective policy management process can ease the pain, which includes putting in place a “policy on policies” that describes a corporate policy, what it should include, and how policies get approved, reviewed, and trained upon, says Paul Liebman, a …
The importance of maintenance and record-keeping
2022年5月31日 · To effectively maintain records, a record-keeping or record management system should be established. The purpose of a record management system is to store and track compliance-related documents, policies, and procedures. An effective system will help ensure regulatory mandates are met, any documentary evidence is easily available, and exposure ...