News

Audit Report Choice Looms for SEC

audit report

Sit up and pay attention, SOX compliance community. We will soon get our first real glimpse into how much SEC chairman Jay Clayton wants to reshape the corporate audit world. On deck is final approval of the proposed new format for audit reports: a standard the Public Company Accounting Oversight Board hammered out earlier this…

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Compliance Jobs Report: Aug. 18

Compliance jobs

The Compliance Jobs Report this week has lots of compliance officer promotions: Eastern Bank, Kansas City Power & Light, General Motors, Nu Skin Enterprises, and more. We also have a few compliance officers setting up shop as independent consultants, and a compliance job opening at Waste Management that needs to be filled. I gather these…

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Trump Tests Corporate America’s Commitment to Values

Core Values

Yet again, on a certain abstract level, corporate compliance officers owe President Trump a debt of thanks. Rarely has one chief executive given us so many lessons to learn about poor tone at the top and unethical behavior. This week’s lessons, of course, stem from the white supremacist rally in Charlottesville, Va. over the weekend.…

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PCAOB Overhaul Looms

PCAOB

SOX compliance professionals, prepare yourselves: the SEC has announced plans for new leadership at the Public Company Accounting Oversight Board, which could eventually bring significant changes in how audits and SOX compliance are managed. SEC chairman Jay Clayton put events into motion Friday afternoon, with a quiet announcement that current PCAOB chairman Jim Doty “has…

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Compliance Jobs Report: Aug. 11

compliance jobs

Welcome to the biggest Compliance Jobs Report yet, crammed with industry intel! Head of compliance at New Jersey Transit: fired. Top compliance pro at Barclays: poached by UBS. Head of compliance at Vertex Pharmaceuticals: off to GSK. Plus more from Lockheed, PNC, Adient, Chesapeake Energy, and many more. Read on… I gather these bits of…

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When Non-GAAP Reporting Meets FCPA

Maxwell Technologies reported its second-quarter earnings yesterday with this nugget: the company reported non-GAAP net income 46 percent higher than its GAAP-approved net income—and listed FCPA investigation costs as one of the adjustments it made to get that higher number. The adjustment, all of $62,000, didn’t help much. Maxwell reported a net loss of $10.1…

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Secretary Mattis’ Insights on Ethics

Ethics

We begin this week with a round of praise for James Mattis, U.S. secretary of defense. On Friday Mattis circulated a memo to Defense Department staff stressing the importance of ethics, saying he expects all DoD staff “to play the ethical midfield.” The message isn’t long: five staccato paragraphs squeezed onto one typewritten page. I…

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Compliance Jobs Report: Aug. 4

compliance jobs

This week marks the one-year anniversary of the Compliance Jobs Report! We celebrate with another big roundup: the CCO of State Street has been promoted; StockPath has a new corporate controller; K&L Gates just poached a top FCPA lawyer at the SEC; and we have a bundle of interesting compliance jobs spanning the globe. Read…

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The Private Market Stresses Driving SOX Compliance Debate

If you want to understand the forces pushing to roll back compliance with the Sarbanes-Oxley Act—and if you work in corporate compliance, you should—then spend time today reading a superb Wall Street Journal article about the conflicted state of investment in the private markets. We can’t ignore the uncertainty there, because it’s a big driver…

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Compliance Jobs Report: July 28

Compliance jobs

A busy week for the Compliance Jobs Report, even in the July vacation season! The head of compliance at Snap has received a field promotion to general counsel; and the chief compliance officer at DaVita Healthcare may be heading to the Justice Department. We also have news from AB InBev, Uber, CHS, Pfizer, and more.…

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