Poll: 46% Would Report Lax Vax Policies

A new poll of more than 5,000 white-collar employees finds that nearly half of them would report their employer to OSHA if the company weren’t enforcing mandatory vaccination and testing policies — and a large majority support the Biden Administration’s push for mandatory vaccination, regardless of whether they’d report their errant employers. So says Blind,…

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OSHA Steps Up Its Covid Fines

vaccination

Well this is nothing to sneeze at: OSHA inspectors just threatened the owner of a Massachusetts tax preparation firm with a $136,000 fine for prohibiting her employees from wearing masks on the job. It’s the largest fine OSHA has ever proposed for poor COVID-19 practices, and far larger than anything we saw during the Trump…

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CDC Guidance Change Worth Noting

vaccination

All right compliance officers, gird your loins. The Centers for Disease Control published new guidance this week relaxing a crucial public health restriction on people vaccinated against covid, opening what could be a Pandora’s Box of policy management challenges. The guidance came Wednesday. It specifies that “fully vaccinated persons” — people who have received all…

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OSHA on Covid Compliance at Work

vaccination

The Occupational Health & Safety Administration has published guidance on how companies should mitigate the spread of covid in the workplace — and wouldn’t know it, the material looks an awful lot like a compliance program. The document was published on Friday and should be no surprise; the Biden Administration had made clear that OSHA…

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Feds Warn on Vaccine Fraud

vaccine

The U.S. Treasury Department is warning financial firms to be on the lookout for frauds and cyber attacks related to covid vaccines, and asking for some tweaks to what firms include in Suspicious Activity Reports that you might file in connection with vaccine scams.  FinCEN, the enforcement wing of the Treasury Department, published the guidance…

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SEC Charges Retailer on Impairment Issue

goodwill

You don’t see this too often: the Securities and Exchange Commission has charged a fashion retailer with failing to impair goodwill in a timely manner, citing weak internal controls over how management determined goodwill and an attempt to mislead the company’s auditors. The company in question is Squential Brands, which sells clothing brands such as…

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PCAOB Report on Pandemic Auditing

independence

The PCAOB just published a mid-pandemic progress report on how audit firms are handling their work during coronavirus. Compliance and audit executives may want to give it a read for hints about how auditors are trying to inspect your internal controls and which risks are high priority. The report, Staff Observations and Reminders During the…

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More Misadventures in Leadership

Who knew, compliance officers, that we could spend Thanksgiving weekend musing over yet another example of tone-deaf leadership and the damage it can do to corporate culture? Yet we can do precisely that thanks to Michael Hancock, mayor of Denver.  Those of you in Colorado may already know the story. Hancock, like every other sensible…

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SEC Warning on Insider Stock Sales

compensation

Two top officials at the Securities and Exchange Commission warned this week that companies should pay more heed to the policies they use to govern senior executives’ stock sales, to prevent even the appearance of impropriety when an executive is selling shares.  The comments came from Bill Hinman, director of the Division of Corporation Finance,…

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Gasp! A Compliance Conference!

conference

Compliance officers, we need to talk. Something amazing just happened. It happened thousands of miles away from most of us, in the windswept city of Wellington, New Zealand. There, the New Zealand Financial Intelligence Unit — the country’s chief anti-money laundering agency, roughly equivalent to FinCEN here in the United States — held a compliance…

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