New guidance from the U.S. Commodity Futures Trading Commission (CFTC) to its Division of Enforcement staff outlines factors to consider when evaluating companies’ compliance programs during enforcement investigations. The guidance reflects a principles-based approach that avoids prescribing specific guidelines for compliance program structures. The CFTC aims to encourage companies to Read More
Compliance officers are increasingly seeking technology solutions that improve their teams’ access to financial and operational data, and that provide risk monitoring and mitigation. Earlier this year, the U.S. Justice Department instructed prosecutors to evaluate data access and analysis at the companies they investigate. Recent settlement trends indicate that regulators Read More
Audit committees are disclosing more information about their auditors and audits in shareholder reports this year, according to an annual analysis from the EY Center for Board Matters. Ernst & Young found a dramatic increase in disclosures in most categories over the last eight years, Accounting Today reports. Audit committees Read More
New York state auditors uncovered $700 million in “improper” and “questionable” spending by Medicaid during fiscal year 2019, the New York Post reports, including $605 million in overpayments for prescription drugs dispensed by managed-care companies under contract with the NY Department of Health. An additional $12 million was spent on Read More
