Data Breach, COSO, and Risk» Read More
We seem to forget things that don’t interest us or are no longer useful. The problem, however, is that in the process of forgetting, our brain often purges important information.
Some of the biggest mistakes made when handling a crisis are not dealing with the problem head on, thoughtless or insincere comments, lack of communication with stakeholders, unprepared spokespeople, getting defensive after receiving backlash, or, sitting back and letting the problem grow. Domino’s, Sony, Samsung, BP, United Airlines, Equifax, KFC, are all good examples of companies who stumbled with crisis management. Organizations should study these crises and learn from the mistakes!» Read More
TechnipFMC PLC and a U.S. subsidiary agreed to pay about $300 million to settle joint foreign bribery probes in the U.S. and Brazil, the oil-and-gas services company said Tuesday.
Cochise settles a circuit split and effectively lengthens the potential period of a company’s vulnerability to qui tam suits over alleged False Claims Act violations.» Read More
Stuffed animals, loose bricks in basement walls, mattresses, caves, hollow tree trunks, holes in the ground, and safe deposit boxes have provided hiding spots.
Today, hiding assets may be a much more sophisticated endeavor, often involving investments, banks, and overseas financial transactions.
Investigators should consider using a defined process to pursue matters that involve a search for hidden assets and illegal payments.» Read More
NOW is the best time to prepare for international data #privacy legislation, making this a top strategic risk for boards to consider in NACD (National Association of Corporate Directors)’s 2019 Governance Outlook #NACDOutlook2019» Read More
This one day Fraud Symposium, hosted by the Institute of Internal Auditors – Philadelphia Chapter, will include other topics such as: Fraud hotlines, Current trends in white-collar crime (FCPA, FCA, etc.), Investigation pitfalls, Third-party risk management, and Compliance and Internal Audit issues.» Read More
American Conference Institute’s 35th International Conference on the Foreign Corrupt Practices Act
“Fighting white-collar crime is a top priority for the Department, and we increased prosecutions in every
As My good friend Robert Mainardi says, “When presented with any new technique, approach, or methodology, there is always the temptation to jump right in and start using it
As the organization’s ultimate decision-making body, the board of directors plays two critical roles: overseeing management on behalf of shareholders and other constituencies; and advising management, albeit with limited involvement in everyday company operations – nose in, hands off! The board should not attempt to run the operations of the organization; it should oversee how management runs the company.
I am amazed at how many members literally are not engaged, which reminded that one of the traits of an effective leader, or Pilot, is being a good team builder. But how can you build a good team if you don’t understand the players? I’m not speaking about understanding their skills, I am speaking about understanding their level of engagement. That amorphous concept most ignore.» Read More
Compiling a list of thought leaders in ethics and compliance is fun, but so challenging. There are simply too many thoughtful people in this field — which is itself enormous and wide-ranging — to call out everyone worth following. So below is a small slice of the thinkers in corporate ethics and compliance that I try to follow.» Read More
It’s a mistake to ignore the human element when fighting fraud within a corporation. There are behavioral and
The treasurer of one of the largest oil companies in the United States recently learned the internal controls over the initiation of wire transfers were alarmingly loose. Every free-form
At a minimum, as part of (emphasis added) your overall fraud risk management program, the following key processes/functions should be analyzed along with the embedded (key) internal controls,
I am pleased to announce the next offering of my Doing Compliance Master Class. I am partnering with Baker Tilly Virchow Krause, LLP, to put on a two-day class