This week we have a new senior compliance executive at Hewlett-Packard, promotions at JP Morgan, Chubb, and GSK; a new head of internal audit at Black Line; and two compliance jobs in the financial world—plus a fair bit of other personnel news and industry gossip. I gather these bits of information from LinkedIn, news alerts,…
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Compliance and audit executives, set your countdown clocks: a new type of audit report will be arriving at your organization three years from now. Today the Public Company Accounting Oversight Board finally adopted a new standard for the report, which will require more disclosure of “critical audit matters” that weigh on the mind of your…
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Earlier this month we had a post about ransomware, and the rather unsettling idea that under some circumstances, a victim of ransomware might not have legal obligation to disclose the incident. As promised, today we’re going to explore a few more threads related to the subject—since it poses a god-awful mess of risk, that compliance…
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This week’s compliance jobs report includes news from Cooper Tire & Rubber, new compliance officers at Thesys CAT and TeamHealth, and an expansion of the legal team at one of the big whistleblower retaliation law firms—which, indirectly, means confidence in the future of whistleblower retaliation lawsuits. I gather these bits of gossip from LinkedIn, news…
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The Justice Department has proposed trimming the number of Criminal Division prosecutors by 6 percent next year and overall division staff by 11.4 percent, according to the detailed budget the Trump Administration released earlier this week. The SEC, meanwhile, wants to keep spending level at $1.6 billion but trim staff in almost all of its…
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More news on the COSO framework for enterprise risk management: the final framework will consist of 20 principles rather than the originally proposed 23; the “ERM rainbow” graphic will be replaced with a more DNA-like image; and yes, COSO intends to have the complete framework ready for public consumption by sometime in July. That’s the…
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The Justice Department’s in-house compliance counsel, Hui Chen, has been going a little nuts on social media these days. Compliance officers may want to take note. First, Chen began commenting publicly on Twitter several weeks ago, @HuiChenEthics. That unto itself is unusual; most staff-level government officials prefer to stay anonymous or stay off Twitter entirely. Not…
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In this week’s compliance jobs report, Credit Suisse has a new compliance director for its Mexico operations, and Elevate Credit filched its new chief risk officer from Cash America International. We have a slew of new appointments at the SEC, and a dream job for ethics professionals who love Italy. I gather these bits of…
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Perhaps you have some free time today, while your IT department tries to extricate the company’s computer systems from a ransomware attack. In that case, let’s talk about whether to disclose it. This week I had the good fortune to participate in a cybersecurity conference in Stamford, Conn., that brought together the law enforcement, internal…
Read MoreIt ends with President Trump leaving office before his full term, of course. I don’t know exactly how he’ll leave, or when. But the crucial question isn’t whether Trump’s departure is imminent; the question is whether his departure is inevitable. So just ask yourself: Do you really believe this man can fulfill his full four-year…
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