Archive for May 2024
Call for Better Tone at Top of Audit Firms
The top accountant at the Securities and Exchange Commission just fired a warning shot at the accounting industry, urging audit firms to do better at holding firm personnel accountable for misconduct and at developing a strong tone at the top overall. Said warning shot came from Paul Munter, chief accountant at the SEC, who released…
Read MoreThird-Party Risk Still a Shaggy Mess
We have an intriguing survey on third-party risk management to study today, one that suggests many companies are still struggling with siloed approaches and manual processes to manage their vendors — which, consequently, leaves lots of companies managing only a small fraction of the vendors they have. The survey comes from Prevalent, a vendor of…
Read MoreCompliance Jobs Report: May 10
Another robust Compliance Jobs Report this week, with new hires at MetroHealth, Cummins, Comerica, Bechtel, AMD, Abertis, T-Mobile, and elsewhere. We also have a few promotions to note; job leads are in gambling, mutual funds, and online advertising; and Meme of the Week goes out to third-party risk management! Always remember that we need your…
Read MoreScorching Report on FDIC’s Flawed Culture
The Federal Deposit Insurance Corp., one of the primary banking regulators in the United States, has released a blistering report about the agency’s own failure to uphold a culture of compliance, workplace respect, and accountability. Ethics and compliance professionals have so much to digest here we’ll need to explore it all over the course of…
Read MoreStating Your Ethical AI Principles
Today we have another chapter in our ongoing series about artificial intelligence, and how companies can take a more compliance-aware approach to integrating AI into their operations. This time around I want to look at what the companies themselves are disclosing to the public. The idea came to me as I was researching my previous…
Read MoreSmall Company Audit Disaster
Wild news from the auditing world this weekend: regulators have suspended an audit firm in Colorado for fabricating its work with clients. Hundreds of businesses — including for Donald Trump’s newly public Truth Social — must now scramble to find new audit firms and re-perform prior audit work. The Securities and Exchange Commission dropped this…
Read MoreCompliance Jobs Report: May 3
This week the Compliance Jobs Report has a stealth departure at Citibank, new hires at Balfour Beatty, Walmart, Masimo, and elsewhere; and lots of internal promotions to note too. Job leads are in banking, credit cards, and IT services; and Meme of the Week goes out to reckless use of artificial intelligence! Always remember that…
Read MoreTracking Local Compliance Associations
Radical Compliance strives to be a community resource for compliance professionals everywhere, so today we are looking at local groups of compliance officers who get together for networking. Are you part of a group that should be on this list? We have had a running list of local compliance associations for several years, although the…
Read MoreReport Spotlights Privacy Access Requests
A study of consumers’ data privacy habits suggests that people are growing more possessive of their privacy rights, which in turn is driving up the compliance costs for businesses trying to meet those privacy demands. So says a report released Wednesday by DataGrail, a software firm that helps companies automate their privacy compliance processes. The…
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