News

Compliance Jobs Report: Aug. 23

Compliance jobs

Big news in the Compliance Jobs Report this week: Ed Hanover has stepped down as head of compliance at FIFA. We also have two compliance hires in the world of higher ed, plus news from Nissan, J.R. Simplot, Wellington Management, and more. Snapchat is hiring, one of the most inept government agencies in America will…

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New PCAOB Guidance on Estimates, Specialists

standards

Heads up, audit professionals: the PCAOB has released fresh guidance on how to audit accounting estimates and how to use specialists in complex audit work — two issues that are the subject of new audit standards going into effect in 2021. Each subject has two pieces of staff guidance, so that’s four PDFs for you…

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Internal Control and Reg FD Fails

The Securities and Exchange Commission has fined a Florida pharmaceutical firm $200,000 for violating Regulation Fair Disclosure — an offense we don’t see too often in compliance land, and therefore offers a good glimpse into the control failures that might lead to this sort of trouble. The company, TherapeuticsMD, develops hormone therapies to help with…

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Scoping the Size of Compliance Workforce

Compliance jobs

Several weeks ago I had a podcast about the new accounting standard for leases, where a main point of discussion was that companies lack the skilled workforce talent to implement the standard efficiently. Two questions have been bugging me about that discussion ever since. Why is that? How tight is the market for skilled compliance…

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Compliance Jobs Report: Aug. 16

compliance jobs

This week the Compliance Jobs Report starts with Carnival Cruise Lines strengthening its compliance team, plus new hires at Natixis, Penn State, DTI Holdings, and elsewhere. We have a few promotions, job openings in pharma and health insurance, and our Meme of the Week goes out to all devotees of third-party risk management.  I gather…

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SEC Hits Broker on Inept Compliance

The Securities and Exchange Commission has dinged a broker-dealer firm in New York $250,000 for putting an untrained compliance associate in charge of gathering data about stocks the firm offered to clients, and letting traders do business in those stocks without any real sense of how accurate their information was. The firm, Canaccord Genuity Corp.,…

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Other Lessons in Verwaltung Case

lessons

You may have seen news last week that a Swiss bank, LLB Verwaltung, paid $10.7 million to the Justice Department to settle charges of tax evasion. The deal is notable because the bank’s compliance officer had warned senior executives about the risks they were taking — warnings that senior bank executives chose to ignore. So…

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Compliance Jobs Report: Aug. 9

compliance jobs

Lots of compliance jobs news this week! Southern Co. has a new head of internal audit; Visa and the state of Connecticut have new top risk officers. Promotions at Cigna, Banner Health, and elsewhere. We also have useful news for women in compliance, companies looking to show off their ethics programs, and several intriguing job…

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What the Shootings Mean for Ethics & Compliance

This week Tom Fox and I dedicated our usual Compliance Into the Weeds podcast to the ethics and compliance implications of the mass shootings that happened in El Paso and Dayton last weekend. Nobody relishes analyzing something so painful for so many — but corporations are foolish to ignore what’s happening in this country, and…

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Great Example of CEO Setting the Tone

Delta

Compliance professionals talk all the time about the importance of “tone at the top,” that accurate but overused phrase that means CEOs should demonstrate the importance of disciplined, principled performance to their workforce.  Tone at the top has always struck me as one of those things where you know it when you see it —…

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