Risk & Compliance

Auditing

Audits Are Broken. Here’s a Radical Way to Fix Them.

A certain federal agency should take over all public company audits, suggests a former Big Four auditor and current accounting software company CEO.

Michael Whitmire
November 27, 2019
Fraud

SEC Charges Former MiMedx Execs With Fraud

The C-suite executives allegedly improperly recognized revenue from distributors with which MiMedx had secret side arrangements.
Fraud

Ex-Outcome Health Execs Charged With Fraud

The SEC says the CFO and two other executives misrepresented Outcome's financial performance to raise nearly $500 million from investors.
Governance

California Law Mandating Women Directors Is Challenged

A second lawsuit is filed seeking to have the law struck down, claiming it violates the U.S. Constitution's equal protection clause.
Legal

DoorDash Sued Over Tipping Practices

The company allegedly took millions of dollars in customer tips meant for delivery people and used them to cover base pay.
Accounting

Outside Board Service Boosts Inside Accounting Quality

CFOs who serve on other companies' boards make significantly fewer errors in their own financial reporting.
Regulation

Whistleblower Tips to SEC Top 5,200 in FY 2019

“The whistleblower program continues to have a significant positive impact on the commission’s enforcement efforts and protection of investors and markets."
Regulation

Big Banks Would Undergo Climate Stress Test Under Proposed Legislation

The tests would measure the banks’ resilience to climate-related financial risk.
Legal

DOJ Lays Out a Path to Reduced Corporate Penalties

A new Justice Department policy gives defense counsel a framework for winning reduced monetary penalties for fiscally poor client companies.
Fraud

How to Mitigate the Risk of Employee Fraud

Here's what you need to know about fidelity insurance, the different forms of employee fraud, and what to do if you suspect employee fraud.
Fraud

DOJ Plans Heightened Scrutiny of Government Contractors

The new "Procurement Collusion Strike Force" aims to root out antitrust crimes like bid-rigging and price-fixing in the procurement of government contracts.
Fraud

New York Tech Company Charged with Selling Chinese Equipment to U.S. Military

Aventura Technologies allegedly tried to conceal that the Chinese-made surveillance and security equipment were made in America.
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