Boards Taking Longer-Term View of Risk Oversight

Boards of Directors are looking farther out when developing their strategic plans, with a majority reporting that their strategy time horizon is at least five years. More and more Boards are factoring macro trends into their planning, and it’s becoming clear that building a strong talent pipeline, proactively reducing fraud risk and strengthening the tone at the top ...

VW passat

The Psychology of Cheating and FCPA Compliance

There are basically three varieties of corporate scandal. Volkswagen may have the dubious distinction of having pioneered a fourth, however. VW's emissions-testing scandal is result of its top leadership and senior engineers intentionally deceiving the public. This was no slow slide into fraud; there was at one point a specific decision made to cheat.


Volkswagen Manufactures Fraud and Ignites Anger

Volkswagen's emissions scandal will cost the company dearly; knowingly misleading the world about the quality of one of your key products will do that. The company's previously solid reputation is now sullied, but is the damage beyond repair? This scandal certainly (ahem) drives home the importance of a strong ethics and compliance program.

sec enforcement

SEC Enforcement and Compliance Priorities 2015

SEC enforcement actions have been on the rise for some time, a pattern that's only likely to continue given recent developments. The agency is more willing than ever to take cases to court, and last year saw the single largest whistleblower award to date. Bradley Bondi, SEC compliance and enforcement expert, outlines the agency's focus for 2015.


Bitcoin, the Solution to Consumer Data Protection

Several major data breaches have exposed millions of consumers to fraud, and each lapse of security has left us grasping for answers as to how we can better protect ourselves and our data. Many proposed solutions involve increased government visibility into our information and our purchasing habits, but one option in particular offers increased security and the benefit ...

data transfer

The Future of Data Analytics: From Cleaning Up the Trash to Managing Risk

Data analytics can be key in predicting fraud, preventing it and minimizing risk. Assuming, of course, that the data being captured is accurate. Herein lies the importance of controls. Without controls in place, you may be working with junk data -- which would ultimately lead to junk decisions. With global mobile data skyrocketing, it's imperative ...


Enterprises Unprepared for New COSO Framework, Study Shows

The deadline for implementation of the 2013 COSO Framework is just around the corner. Tim O'Hara offers us a look into what's remained the same from the 1992 framework and what's changed. Auditors will be taking a closer look at operations where the 2013 iteration parts ways from the 1992 version. Where does your organization stand? ...


Is More Corporate Governance the Answer? (Part 2 of 5)

Glen Jenkins continues his deep dive into corporate governance through the years with today's analysis of some landmark events during the 1970s, brought on by a bank bailout, a corporation's bankruptcy and the Watergate scandal, the impacts of which reached much farther than the White House. Moral failures in each helped to set the stage for today's governance ...

fingers crossed

EY Fraud Survey & Compliance Fatigue: Do As I Say, Not As I Do

Ideally, executives will drive home the importance of a culture of ethics both with their words and their actions. However, it's often difficult to do business ethically while maintaining strong financial performance and a competitive edge. When the prospect of satisfying both goals seems impossible, something's got to give. Unfortunately, this is where the justification begins.