News

Audit Firms, Cybersecurity Risk, and You

cybersecurity

A member of the Public Company Accounting Oversight Board gave a speech last week about the role of audit firms in cybersecurity — and raised a point people seldom say aloud: the audit firm’s role is a relatively small one. Kathleen Hamm, a member of the PCAOB since last year, gave her remarks at a…

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SEC Preps SOX 404(b) Rollback

404(b)

The Securities and Exchange Commission will move forward next week with long awaited, but totally not surprising, plans to raise the threshold for accelerated filer status —  a move that will pave the way for more companies to avoid outside audits of their internal control over financial reporting. The SEC posted a notice that it…

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Compliance Jobs Report: May 3

compliance jobs

The Compliance Jobs Report begins this week with an update on Swedbank, which has reshuffled a few people amid its turmoil. Sumitomo Bank has also tapped someone to help with its AML compliance woes. Other news from Walmart, Coinbase, and ITE Group, plus a dream job for Canadians in risk assurance. And our Meme of…

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Podcast: The Chief Risk Officer Role

risk

We have another Radical Compliance podcast to start the week, this time catching up with those folks at Deloitte who recently published a report urging companies to do a more disciplined job with enterprise risk management. The report, published two weeks ago, surveyed 500 senior executives at large U.S. firms across a range of industries.…

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Questions on KPMG Compliance Survey

KPMG just published a survey of chief compliance officers that’s chock full of numbers and charts telling where CCOs plan to take their compliance programs in 2019. It’s well worth your time to read — although, to my reading, some of the findings don’t quite add up. The survey polled 220 chief compliance officers at…

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Compliance Jobs Report: April 19

compliance jobs

Another huge Compliance Jobs Report this week! The long-time head of compliance at Ford has gone to La-Z-Boy, and we have other compliance moves at NYC Housing Authority, KBR, Pearson, ADM, and more. Ameren Corp. is looking for its first-ever CCO. And our Meme of the Week goes out to everyone sharing compliance metrics across…

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Three Ideas on Codes, Policies, and Tech

code

Ethisphere has published a report looking at common practices in transparency, codes of conduct, and written policies among firms on its 2019 World’s Most Ethical Companies list, and compliance officers may want to give it a read as you ponder how to keep your programs responsive to current challenges. The report reviews issues such as…

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Survey on Chief Risk Officers

risk

Deloitte has a new study out this week on the importance of corporate risk management systems. It finds that companies spending more on risk management — investing more dollars, embedding risk management principles across the whole enterprise — tend to fare better than their rivals. That’s not news to internal audit executives or directors of…

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Compliance Jobs Report: April 12

Compliance jobs

The Compliance Jobs Report this week has CCOs hired or promoted at Broward Health, Encore Capital, Allergan, Slalom, Bollore, and many more. The head auditor at Citi has taken an operations role; lots of vendor gossip this week too, and our Meme of the Week goes out to all the hotline managers. I gather these…

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Trump Grabs at Rulemaking

rulemaking

The Trump Administration launched a new plan Thursday to bring federal rulemaking under more direct White House control, where all proposed rules — including those from independent agencies such as the SEC, which historically have had more rulemaking freedom — will be subject to review from White House officials. The Office of Management and Budget…

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