The Securities and Exchange Commission announced its Largest-ever Dodd-Frank whistleblower awards, with two whistleblowers sharing nearly $50 million award and a third whistleblower receiving more than $33 million. The previous high was $30 million, which the securities regulator awarded in 2014. “These awards demonstrate that whistleblowers can provide the SEC Read More
The Securities and Exchange Commission filed charges against six certified public accountants—including former staffers at the Public Company Accounting Oversight Board (PCAOB) and former senior officials at KPMG—arising from their participation in a scheme to use confidential information on PCAOB’s planned inspections of KPMG audits. One SEC official charged that Read More
The Committee of Sponsoring Organizations (COSO) released new draft guidance in February for applying its Enterprise Risk Management framework to risks related to environmental, social, and governance (ESG) issues. The existing COSO framework, Enterprise Risk Management — Integrating with Strategy and Performance, is one of the most widely recognized and Read More
If you are looking for some added insight on the likelihood and impact of global risks as part of conducting your periodic risk assessment, a new tool from the World Economic Forum may provide some assistance. The organization, known for its annual conference in Davos, Switzerland, which concluded last week, recently Read More
Fraud and security risks, including cyber-crimes, hit an all-time high in 2017, according to a new report from risk advisory firm Kroll. The survey finds that experiences of fraud have become more pervasive. The proportion of executives who said their companies fell victim to at least one instance of fraud Read More
