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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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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Setting corporate strategy and regulatory compliance has never easy during the Trump Administration, and an article from the New York Times earlier this week demonstrates why that’s so. The article is worth a compliance officer’s time, since it’s quite possible we’re about to enter a period of even greater regulatory and political mess. The piece…
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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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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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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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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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I always welcome questions from compliance and audit professionals, and the following came to me last week: “What type of third party falls under ‘dealer’ for FCPA purposes?” The compliance officer who posed this question works at a company under settlement with the Justice Department for overseas bribery. He’s building up the company’s third-party oversight…
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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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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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Technically, Radical Compliance is the personal blog of Matt Kelly, long-time writer and observer of the corporate compliance and GRC scene. I was a writer, editor, and publisher at Compliance Week, 2003 through 2015; some of you may know me from my career there. I also speak frequently at compliance conferences and other events, and will pretty much shoot the breeze on any compliance topic with anyone who asks.
