Internal Accounting Controls
Ad Giant WPP Fined $19M for FCPA Violations
The SEC says the company failed to properly supervise subsidiaries in foreign countries, resulting in bribery and other illicit schemes.
Super Micro Fined $17M for Improper Accounting
Former CFO Howard Hideshima allegedly pressured employees to maximize revenue at the end of quarters, typically sending them dozens of emails.
Walmart FCPA Case Cites Poor Internal Controls
The Securities and Exchange Commission today charged Walmart with dragging its feet on anti-corruption compliance for more than a decade.
Internal Controls Violations in Cyber-Fraud Cases?
The SEC takes the position that public companies must assess and calibrate internal accounting controls for the risk of cyber frauds.
Email Scammers Still Tripping Up Finance Personnel
The SEC finds that internal accounting controls failed to prevent nine public companies from losing money to business email fraud.
SEC Fines GM $1M Over Accounting for Recall
A defect in GM's internal controls allegedly prevented its accountants from learning about a safety issue for 18 months.
General Cable Fined $75M for Foreign Bribery
The SEC alleges the company generated more than $51 million in illicit profits by bribing government officials in Africa and Asia.
Hitachi Fined $19M Over South Africa Payments
The SEC says the Japanese company violated securities laws in its recording of "success fees" paid in connection with government contracts.
CFO’s Accounting and Finance for Executives
With the Pope in New York it's the perfect time to freshen your fiscal familiarity, refine your finance with the CFO roundup.