Today we return to enforcement of the False Claims Act, and a case from last week where the Justice Department fined a medical device maker $9.8 million for failing to meet promised cybersecurity standards. Cybersecurity risk and increased enforcement of the False Claims Act are sizzling issues for compliance in the Trump 2.0 era, so…
Read More
Radical Compliance had said we’d be on vacation this week, but sometimes an enforcement action comes along that’s just so fascinating we can’t help ourselves. So from our remote office in a Catskills farmhouse, let’s talk about the huge export controls case just filed against Cadence Design Systems. Cadence, a Silicon Valley company that makes…
Read More
Thank you for visiting, dear readers, but Radical Compliance is taking some much-needed vacation this week. We likely won’t have any updates to the website, and no newsletter on Friday, Aug. 1. You can always send us tips at [email protected]. Otherwise, behave yourselves and we’ll be back as usual on Monday, Aug. 4.
Read More
Another brisk Compliance Jobs Report! This week we have news from O-I Glass, CBRE, Marriott, MKS, and a slew of financial firms. We also have promotions at Amazon, Cash App, Medline Industries, Uber, and elsewhere; plus job leads in real estate, medical devices, and telecom. Plus our Meme of the Week! We also take any…
Read More
SEC chairman Paul Atkins is moving to replace the entire board of the Public Company Accounting Oversight Board, one week after Atkins muscled out PCAOB chairman Erica Williams years before her term was due to expire. Atkins disclosed his plans in a statement quietly issued Wednesday night, calling for candidates for all five PCOAB board…
Read More
Don’t look now, but Corporate America started filing second-quarter earnings releases in large numbers this week, with many of them mentioning Trump Administration tariffs in some form or another. That raises an intriguing question for all you external reporting and corporate disclosure buffs: Can tariffs somehow be reported as an adjustment to earnings? This has…
Read More
Brace yourselves, SOX compliance professionals! A new government report finds that Sarbanes-Oxley compliance costs are generally higher for large public companies, but more onerous for smaller ones — confirming what everyone in the field has already known for, like, the last 20 years. The report was released by the U.S. Government Accountability Office last Friday.…
Read More
This week we have new compliance hires at Cushman & Wakefield, Galderma, American Express, Deutsche Bank, Las Vegas Sands, and more; also promotions at Family Dollar, WeWork, Heineken, Rolls-Royce, and elsewhere. Job leads are in consulting, conservation, and plaid products; plus our Meme of the Week! We also take any other gossip you might have,…
Read More
COSO has withdrawn its proposed corporate governance framework barely six weeks after unveiling it, saying that a “shifting regulatory and economic landscape for U.S. businesses” plus recent passage of Republicans’ tax-and-spending bill warrants going back to the drawing board for a fresh start. COSO announced the withdrawal of the draft framework on Wednesday, in a…
Read More
The image of the Trump 2.0 Administration is starting to emerge at the Securities and Exchange Commission! On Tuesday the agency both muscled out the head of the Public Company Accounting Oversight Board and dropped FCPA charges against two former executives of Cognizant Technologies — acts that, taken together, send a clear signal of where…
Read More