covid-19

We are all frightened by the menace that COVID-19 is emerging to be — in the United States and overseas; in the public sector and private enterprise; at home and at work. So today let’s first begin with an uplifting video from Hubei, China, about what life can look like on the far side of…

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compliance jobs

Coronavirus may be here, but that will not disrupt the spirit of the corporate compliance community today. We have the Compliance Jobs report as usual, with promotions at Huntington Ingalls and elsewhere, new hires (in pharma and healthcare, as it so happens), and a few intriguing job openings. Our meme of the week goes out…

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conferences

Wednesday was a grim one for the compliance and audit communities: at least seven industry events were canceled, postponed, or scaled back dramatically, as coronavirus continues to thwart the camaraderie and exchange of ideas that have been the hallmarks of this profession for so long. Here is the latest list that I’ve been able to…

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Another day, another gumdrop of guidance from financial regulators that’s worth reading for the whole compliance community. This time it’s FINRA, which published a bulletin Monday reminding broker-dealer firms about how to manage pandemic risk. FINRA has Rule 4370 for broker-dealers, which requires them to draft and maintain a business continuity plan. That rule doesn’t…

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third-party

One of the nation’s top banking regulators just dropped some fresh guidance about third-party risk management, well worth any compliance professional’s time if you’re looking for advice on regulatory compliance or just good insight on third-party risk generally. The Office of the Comptroller of the Currency, regulator for the country’s community banks, published the guidance…

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I fully support more use of artificial intelligence in corporate compliance and audit, but this is next level: an auditing conference in Dubai next month will feature an artificial intelligence program delivering a talk on AI.  The AI program, which exists in a humanoid robot named Sophia, will speak at the 20th Annual Regional Audit…

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compliance jobs

Another big Compliance Jobs Report this week. The CCO of Daimler is shipping out to China; promotions at Sotheby’s, Bayer, and Heineken; new hires at Baxter, Ingersoll-Rand, PNC, and elsewhere. We have job openings from Atlanta to Denver to Silicon Valley, a CCO in banking hanging out his own shingle, and lots more news.  I…

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404(b)

Well, here we go: the Securities and Exchange Commission will vote next week on a proposal to exempt companies with less than $100 million in annual revenue from audits of their internal control over financial reporting.  The meeting will happen on March 11, and so far the internal control exemption is the only item on…

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disgorgement

The Supreme Court heard arguments Tuesday about the disgorgement powers of the Securities and Exchange Commission. The justices seemed to be looking for some way to keep the SEC’s powers alive, even if the agency might need to be more constrained in how it pursues disgorgement.  The case, Liu v. SEC, isn’t likely to see…

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cardinal

The Securities and Exchange Commission has served up its first FCPA enforcement action of the year, an $8.8 million slap against Cardinal Health for failing to address bribery risks caused by a cosmetics business Cardinal ran in China. What happened? In November 2010, Cardinal entered the Chinese market by acquiring the Chinese subsidiaries of an…

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