Today’s post is for all you financial reporting executives out there: a special report on the software sector, and its efforts to prepare for the new revenue recognition standard that’s coming to a balance sheet near you by December. Efforts to prepare, or sometimes the lack thereof. The report, a joint project between Radical Compliance…
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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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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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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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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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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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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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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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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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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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