A report by the British parliament’s Environmental Audit Committee, published yesterday (June 4), calls for mandatory public reporting by large companies and asset managers, particularly pension funds, on their exposure to climate change by 2022. Right now, there are no such requirements. The closest thing is the reporting guidelines established Read More
It didn’t take long for the lawsuits to start flying over allegations of non-compliance with the European Union’s new set of data governance rules. Austrian data privacy advocacy group None of Your Business (NOYB) filed suits against Facebook, Google, and Facebook subsidiaries WhatsApp and Instagram alleging that the tech firms Read More
The tops risks that chief audit executives face, as identified by a new report, are likely to be familiar foes for most internal audit leaders. Chief audit executives (CAEs) are unlikely to be alarmed by a new report listing the top five risks confronting internal audit; they’ve been battling them Read More
The U.S. House has approved a sweeping overhaul of bank regulations, sending to President Donald Trump a bill that will give him a chance to make good on his vow to “do a big number” on the Dodd-Frank Act. The new legislation will repeal several provisions of Dodd-Frank, adopted in Read More
Companies will need to be more transparent about the management of employee data or risk getting caught on the wrong side of the European Union’s General Data Protection Regulation. GDPR takes effect May 25 and builds upon existing European data-privacy rules to protect personal identifiable information and to empower the Read More
Don’t be surprised if the U.S. Customs and Immigration Enforcement agency comes knocking on your company’s door to conduct an inspection. ICE has ramped workplace inspections way up, increasing audits and arrests as part of an effort to find illegal workers and discourage businesses from hiring them, data released by Read More
In another case of alleged rigging of audit inspections, the Public Company Accounting Oversight Board has banned two former chief executives at Deloitte’s Turkey practice for their roles in a plan to alter documents ahead of a 2014 inspection of three audit engagements. The accounting watchdog said the former senior Read More
China is drafting new rules to rein in businesses offering multiple financial services after runaway growth in recent years has left regulators without a firm handle on their risks to the economy. Officials at China’s central bank are preparing to roll out new rules to bring risk management and capital Read More
A California Supreme Court ruled Monday to limit businesses from classifying workers as independent contractors who aren’t eligible for certain benefits and employment protections. Labor supporters hailed the worker classification decision as a big victory for labor. The move to broaden the definition of employees could shake up the state’s Read More
Dun & Bradstreet Corp. has agreed to pay more than $9 million to resolve Foreign Corrupt Practices Act charges arising from improper payments made by two Chinese subsidiaries, according to a statement from the Securities and Exchange Commission issued this week. The business data company also announced that it had Read More
