The parent company of the New York Stock Exchange has agreed to pay $10 million for failing to promptly alert the Securities and Exchange Commission about a cybersecurity breach the company suffered in 2021. Take note, all you public companies still uncertain about how and when to disclose breaches of your own. The SEC announced…
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Last week we reported on a study that captured the challenges of third-party risk management these days. Today we can take a deep dive into one specific slice of that challenge courtesy of Microsoft, and its quest to reduce carbon emissions in its supply chain. The news is as follows. Last week Microsoft released its…
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The Compliance Jobs Report this week has a big retirement in pharma; new hires in retirement, healthcare, and food services; and lots more personnel moves. We also have job leads in financial services, hardware, and consumer products; and Meme of the Week goes out to voluntary self-disclosure! Always remember that we need your help to…
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Today let’s return to the Federal Deposit Insurance Corp., and the corporate culture meltdown documented in an investigative report the FDIC released last week. Specifically, let’s look at the lack of accountability even amid years of misconduct, and how that sorry state of affairs came to pass. For those who haven’t heard yet, last week…
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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…
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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…
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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…
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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…
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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…
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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…
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