Tag: PCAOB

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Compliance Into the Weeds

Compliance Issues & Events We Are Looking at for 2023

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. In this episode, Matt and I consider a list of compliance issues and events worth watching in the next 12 months, likely to happen in the coming year, that will be most consequential for corporate compliance and audit professionals.

For 2023 (at least at this point), it is the following:

·      SEC rules on greenhouse gases.

·      PCAOB enforcement.

·      The FTC and privacy enforcement.

·      Fallout from the Oracle FCPA enforcement action.

·      New DOJ corporate crime enforcement policies.

·      An ESG controller.

·      Crash and burn of Elon Musk-style corporate governance.

 Resources

Matt Kelly in Radical Compliance

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Everything Compliance

Episode 107 – the Happy Thanksgiving Edition

Welcome to the only roundtable podcast in compliance as we celebrate our second century of shows. Everything Compliance has been honored by W3 as a top talk show in podcasting. In this episode, we have the quartet of Jonathan Marks, Jonathan Armstrong, Karen Woody, Jay Rosen, and Matt Kelly on various regulatory and criminal law topics. We conclude with our fan-fav Shout Outs and Rants section.

1. Matt Kelly’s implosion of Twitter since its takeover by Elon Musk. He shouts out to everyone who votes.

2. Karen Woody looks at court cases attacking the expanded authority of the SEC to use in-house courts and judges rather than Article III courts and judges. She rants about the Russian government’s treatment of Brittney Griner and her shipment to a Russian penal colony.

3. Jonathan Marks at the question of whether the PCAOB should be folded into the SEC. He shouts out to the Houston Astros for winning the World Series and continues his ongoing rant about takeaway food from Chipotle.

4. Jonathan Armstrong looks at the conviction of former Uber CISO Joe Sullivan and explores what it means for CISOs and CCOs. He shouts out the Houston restaurant Mac N’ Wings for having Asian/Southern fusion food and the hottest curry he has ever tasted.

5. Jay Rosen reviews the case of former Santa Clara County Sheriff Laurie Smith, who was recently convicted of corruption. He shouts out to former Patriot Julian Edelman, who spoke forcefully against antisemitism.

6. Tom Fox joins in to shout out to Kerrville City Councilperson Brenda Hughes, who defended the City of Kerrville’s Butt-Holdsworth Memorial Library’s right to have books on LGBTQ+ issues.

The members of 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 is Partner, Firm Practice Leader – Global Forensic, Compliance & Integrity Services at Baker Tilly. Marks can be reached at jonathan.marks@bakertilly.com

The host and producer, ranter (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 Compliance Podcast Network.

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Daily Compliance News

September 24, 2022 the Boeing Pays Yet Again Edition

In today’s edition of Daily Compliance News:

  • Ex-Chinese Justice Minister arrested for corruption. (BBC)
  • PCAOB puts a year-end deadline on Chinese auditing companies. (Law360)
  • Boeing pays $200MM to settle SEC claims. (NYT)
  • The Celtics coach was suspended. (WSJ)
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From the Editor's Desk

August and September 2022 in Compliance Week

Welcome to From the Editor’s Desk, a podcast where co-hosts Tom Fox and Kyle Brasseur, EIC at Compliance Week, unpack some of the top stories which have appeared in Compliance Week over the past month, look at top compliance stories upcoming for the next month, talk some sports and generally try to solve the world’s problems.

In this month’s episode, we look back at top stories in CW from August around the first CCPA enforcement action, the PCAOB deal with China on audits of Chinese companies listed on the NYSE, and potential bank fines for ephemeral messaging apps. We previewed some upcoming CW events, including the ESG virtual event, CW 2022 in Europe, which will be held in Scotland, and the virtual 3rd Party Risk conference, scheduled for December.

We conclude with a look at some of the top sports stories, including a look at the Deshaun Watson resolution and debate whether it could have been handled any worse by the NFL and Browns; Tom Brady leaves the Bucs for 10 days during the preseason; and what does this mean for the regular season? Ichiro and what is greatness?

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Daily Compliance News

July 30, 2022 the Bend Every Rule edition

In today’s edition of Daily Compliance News:

  • Why Rotterdam balked. (NYT)
  • No deal, no audit. (Reuters)
  • Lawsuit over SEC whistleblower award. (WSJ)
  • Debt markets must pay attention to corruption. (FT)
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Daily Compliance News

April 6, 2022 the Will He Reinstate Trump Edition


In today’s edition of Daily Compliance News:
·      Elon Musk joins Twitter BOD. (WSJ)
·      PCAOB fines former KPMG audit head. (WSJ)
·      EU funding to Hungary at risk due to corruption.  (FT)
·      Closing arguments in Roger Ng trial.  (Law360)

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Compliance Into the Weeds

Issue and Trends for 2022, Part 1


Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. This week, Matt and Tom begin a special two-part podcast series of several topics they will be following in 2022. Today in Part 1, we consider

  • The Biden Administration’s Strategy on Countering Corruption, specifically around FinCEN and AML enforcement and how it may impact FCPA enforcement.
  • The PCAOB was long dysfunctional before the Trump Administration eviscerated it. How will it change under the Biden Administration?
  • The SEC plans for the regulation of and reporting on ESG.
  • FCPA enforcement for recidivist corporations after DAG Lisa Monaco’s speech in October 2021.

Resources
Matt in Radical Compliance

Categories
Daily Compliance News

June 10, 2021 the Love Machine edition


In today’s edition of Daily Compliance News:

  • Goldman Sachs to paying $1.26 bn in fine. (Malay Mail)
  • Former Bombardier exec charged with bribery. (Toronto Star)
  • New white-collar cop on EU beat. (WSJ)
  • Duhnke even more corrupt than we knew. (Bloomberg)
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Compliance Into the Weeds

PCAOB Clean Sweep


Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. This week Matt and Tom take a deep dive into the SEC Chairman Gary Gensler’s firing of the entire PCAOB Board, including Board Chair William Duhnke.  Some of the issues we consider are:

  • What does this mean for internal audit?
  • What does this mean for compliance?
  • What was the legal basis for these terminations?
  • How did Duhnke create such a toxic culture at the PCAOB?
  • What does this mean for ESG, cybersecurity and data analytics going forward?

Resources
Matt in Radical Compliance
The PCAOB House-Cleaning and You

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FCPA Compliance Report

Francine McKenna with an update on the KPMG-PCAOB Scandal

In this episode I visit with one of my favorite people, Francine McKenna, a reporter at MarketWatch. We check in on the current developments in the KPMG-PCAOB scandal including recent guilty pleas, sentencing and where the matter might finally be headed. Some of the highlights include:
·       A review of the Indictment and underlying facts.
·       A review of the horrendous facts about KPMG that came out during the March trial.
·       What does it say about the PCAOB that two of its former Board members were witnesses for the defense in the trial?
·       What did all this mean for KPMG head Lynne Doughtie? What does all this mean for audit independence, particularly in the Jay Clayton era at the SEC?

·       Where can listeners go for more information?

Resources

Francine McKenna on MarketWatch

MarketWatch website

Re: The Auditors blogsite