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Posts by Matt Kelly

A Better Understanding of Estimates


Last month the PCAOB published fresh guidance on how to audit accounting estimates. Today let’s take a deeper look at what that guidance says, because the principles it recommends can be quite useful for compliance and risk officers too. To begin with the obvious: Yes, this guidance is written for audit firms that are inspecting…

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Juniper Networks Hit on FCPA Charges

Juniper Network has agreed to pay $11.7 million to settle FCPA charges with the Securities and Exchange Commission, the latest in a string of cases where a company’s overseas subsidiaries exploited weak oversight of accounting policy to create slush funds for bribes. Let’s take a look. According to the SEC settlement order, the bribery happened…

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Compliance Jobs Report: Aug. 30

compliance jobs

Our last Compliance Jobs Report of the summer has news from Walmart (several personnel moves there), Deutsche Bank, Newmont Goldcorp and elsewhere, plus a few work anniversaries and a few job openings. Our Meme of the Week goes out to workers everywhere.  I gather these bits of information from LinkedIn, news alerts, and friends emailing…

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Thoughts on SEC Rulemaking Push


Compliance officers, we need to talk about the Securities and Exchange Commission. Something’s happening there.  The latest sign of this came earlier this week, when Democratic commissioner Robert Jackson said that he now plans to stay in his job at least through the fall, and possibly longer. Earlier this year Jackson had signaled that he…

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