Internal Accounting Controls

Ad Giant WPP Fined $19M for FCPA Violations
Risk & Compliance

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.
By Matthew Heller | September 24, 2021
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Super Micro Fined $17M for Improper Accounting
Risk & Compliance

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.
By Matthew Heller | August 26, 2020
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Walmart FCPA Case Cites Poor Internal Controls
Risk & Compliance

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.
By Vincent Ryan | June 20, 2019
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Email Scammers Still Tripping Up Finance Personnel
Payments

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.
By Vincent Ryan | October 16, 2018
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SEC Fines GM $1M Over Accounting for Recall
Risk & Compliance

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.
By Matthew Heller | January 19, 2017
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General Cable Fined $75M for Foreign Bribery
Risk & Compliance

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.
By Matthew Heller | January 3, 2017
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Hitachi Fined $19M Over South Africa Payments
Risk & Compliance

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.
By Matthew Heller | September 29, 2015
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CFO’s Accounting and Finance for Executives
Corporate Finance

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.
By Kerry Maruna | September 24, 2015
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Stein Mart Faulted for Inventory Accounting
Risk & Compliance

Stein Mart Faulted for Inventory Accounting

The retailer has settled SEC charges its internal accounting controls failed to ensure proper inventory valuations of items subject to price markdowns..
By Matthew Heller | September 23, 2015
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