Tag: auditors

Everything Compliance: Episode 141, Tribute to Nick Gallo Episode

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Post date September 26, 2024
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Welcome to the only roundtable podcast in compliance as we celebrate our second century of shows.

In this episode, we take up a potpourri of topics. We have the quartet of Matt Kelly Jonathan Armstrong, Jonathan Marks, and Karen Moore; all hosted by Tom Fox.

Matt Kelly looks at the issue of what and who are in your Supply Chain after the pager attacks in Lebanon. He shouts out to Michaela Deprince for a life well lived.
Karen Moore takes a deep dive into executive Clawback and Holdback provisions. She shouts out to Nick Gallo and asks all to keep him in their thoughts and prayers for a speedy recovery.
Karen Woody reviews the Flyfish SEC enforcement action about NFTs as securities. She shouts out to pop culture and the great show on Apple TV Slow Horses.
Jonathan Marks considers the imbroglio of PwC in China and what it means for audit firms trying to do business in China. He shouts out to eBay for providing authenticator services and briefs us on the Keeper Test.
Tom Fox shouts out to Los Angeles Dodger Shohei Ohtani for having one of the greatest single seasons in MLB by a hitter.

The members of the Everything Compliance are:

Karen Woody – Is one of the top academic experts on the SEC. Woody can be reached at kwoody@wlu.edu
Matt Kelly – Founder and CEO of Radical Compliance. Kelly can be reached at mkelly@radicalcompliance.com
Jonathan Armstrong – is our UK colleague and an experienced data privacy/data protection lawyer in London. He can be reached at Armstrong@puntersouthall.law
Jonathan Marks can be reached at jtmarks@gmail.com
Karen Moore is a principal at Sounding Board Compliance, and can be reached at moore@soundingboardcompliance.com

The host and producer, rantor (and sometime panelist) of Everything Compliance is Tom Fox the Voice of Compliance. He can be reached at tfox@tfoxlaw.com. Everything Compliance is a part of the award-winning Compliance Podcast Network.

Tags auditors, clawbacks and holdbacks, Flyfish enforcement action, NFTs, SEC, Supply Chain

Everything Compliance

Everything Compliance – Episode 122, The Auditors Edition

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Post date August 24, 2023
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Welcome to the only roundtable podcast in compliance as we celebrate our second century of shows. Everything Compliance has been honored by W3 as the top podcast talk show. In this episode, the quartet of Jay Rosen, Jonathan Marks, Matt Kelly, and Karen Woody, with Tom Fox hosting, consider various topics that caught their collective interest and conclude with the fan favorite Shout Outs and Rants section.

1. Matt Kelly looks at the PCAOB proposal requiring auditors to look into fraud, compliance, and legal issues during an audit. Matt balances the charges against former Harvard professor Francesca Gino, who is charged with falsifying research.

2. Karen Woody looks at whether, when a corporation says litigation is ‘without merit’, this creates a securities law violation if it later loses at trial. Karen shouts out to the Women’s World Cup.

3. Tom Fox shouts out to Montana District Court Judge Kathy Seely for her opinion in Held v. Montana and Mary Shirley for her book Level Up.

4. Jay Rosen unpacks the recent push for an International Anti-Corruption Court. Rosen shouts out penalty kicks as the ultimate approach for ending a tie game, particularly as practiced in the Women’s World Cup.

5. Jonathan Marks considers key issues facing auditors in 2023. Marks shout out to both fruit and baseball in extolling the Savannah Bananas.

The members of the Everything Compliance are:

• Jay Rosen– Jay is Vice President, Business Development Corporate Monitoring at Affiliated Monitors. Rosen can be reached at JRosen@affiliatedmonitors.com

• Karen Woody – One of the top academic experts on the SEC. Woody can be reached at kwoody@wlu.edu

• Matt Kelly – Founder and CEO of Radical Compliance. Kelly can be reached at mkelly@radicalcompliance.com

• Jonathan Armstrong –is our UK colleague, who is an experienced data privacy/data protection lawyer with Cordery in London. Armstrong can be reached at jonathan.armstrong@corderycompliance.com

• Jonathan Marks can be reached at jtmarks@gmail.com.

The host and producer, ranter (and sometimes panelist) of Everything Compliance is Tom Fox, the Voice of Compliance. He can be reached at tfox@tfoxlaw.com. Everything Compliance is a part of the Compliance Podcast Network.

Tags auditors, Francesca Gino, International Anti-Corruption Court, Judge Kathy Seely, Mary Shirley, PCAOB, Savanah Bananas, SEC, securities claim, USWNT, Women's World Cup

Compliance Into the Weeds

Compliance into the Weeds: Responses to PCAOB Proposal On Audits

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Post date August 9, 2023
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The award-winning, Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to explore a subject. Looking for some hard-hitting insights on sanctions compliance? Look no further than Compliance into the Weeds! In this episode, Tom and Matt consider the PCAOB proposal for fraud and compliance audits.
In this episode, we dive into the heated debate surrounding the proposed rule on auditors and fraud risk audits in this episode of Compliance into the Weeds. Compliance professionals and the audit community have contrasting perspectives on the PCAOB proposal to require audit firms to look more aggressively for compliance and legal violations at their client companies and then report any such violations more promptly to the company’s board of directors.
Discover the stipulations compliance professionals want to include, such as meeting with the chief ethics and compliance officer and reviewing the state of the compliance program. On the other hand, hear why the audit community, represented by the PCAOB, opposes the rule, arguing that auditors lack the necessary expertise and that fees would skyrocket without significant benefits. Gain insights into the complexities and challenges of asking auditors to take on compliance responsibilities. Tune in to understand the potential implications of the proposed rule on audit firms, compliance professionals, and investors.

Key Highlights

· The PCAOB proposal implications for auditors, with a focus on effects on fraud risk audits.

· The difference in how compliance professionals and auditors perceive the impending rule.

· The practical difficulties auditors face when tasked with compliance roles.

· What are the potential cost and liability hikes for auditors, heralded by the enforcement of the rule?

· The uncertainties enveloping the approval and implementation process for the proposed rule.

Resources

Matt

Blog Post in Radical Compliance

Tom

Tags auditors, Audits, CCOs, compliance, fraud audits, PCAOB

Daily Compliance News

Daily Compliance News: August 2, 2023 – The Connected Cars and Data Privacy Edition

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Post date August 2, 2023
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Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance brings to you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the Daily Compliance News. All, from the Compliance Podcast Network. Each day we consider four stories from the business world, compliance, ethics, risk management, leadership, or general interest for the compliance professional.