GlaxoSmithKline’s unfolding bribery scandal is an object lesson in how a direct hit to its reputation can devastate a company’s finances.
Source: ww2.cfo.com
See on Scoop.it – Tate – Law, Liability, Risk Management, Governance, D&O and Business
Managing Risks Must Include Taking Them – CFO
Enterprise risk management and governance, risk, and compliance are not interchangeable. Why? The reasons lie at the core of the practice of risk management.
Source: ww2.cfo.com
See on Scoop.it – Tate – Law, Liability, Risk Management, Governance, D&O and Business
How to Map Your Risks – CFO
Traditional risk heat maps focus only on the downside of risk. But CFOs and CROs need to be able to visualize the opportunities for creating value that exist by taking risks.
Source: ww2.cfo.com
See on Scoop.it – Tate – Law, Liability, Risk Management, Governance, D&O and Business
How Risk Management Can Spawn Competitive Advantage
CFOs should have the notion of competitive advantage on their minds when they consider the values and goals of their companies’ enterprise risk management.
Source: ww2.cfo.com
See on Scoop.it – Tate – Law, Liability, Risk Management, Governance, D&O and Business
Revenue Transition Resource Group Holds First Meeting
FASB and IASB’s Joint Transition Resource Group for Revenue Recognition (TRG) met and discussed four issues related to the new revenue recognition standard.
Source: www.kpmg-institutes.com
Further indications that questions and issues will be abundant with the new revenue recognition standards. Will answers or more specific rules be provided? Perhaps not, because to do so would move away from the “principle” approach.
See on Scoop.it – Tate – Law, Liability, Risk Management, Governance, D&O and Business
Rethinking Shareholder Engagement in the Age of Activism
Companies are increasing their engagement with shareholders and the investor community to better understand the company’s vulnerabilities and opportunities through an investor lens.
Source: www.kpmg-institutes.com
An interesting read.
See on Scoop.it – Tate – Law, Liability, Risk Management, Governance, D&O and Business
New Crime Chief Making Cyber Cases A Priority
International organized crime groups, lured by the prospect of thefts that can net hundreds of millions of dollars, increasingly are turning to cybercrime, said the new head of the Justice Department’s criminal division.
Leslie Caldwell, who took over the position in June, said she plans to mak
Source: www.programbusiness.com
See on Scoop.it – Tate – Law, Liability, Risk Management, Governance, D&O and Business
California Court Finds that Delegation Clauses within Arbitration Agreements Can Be Enforceable
By Steven Markowitz In the aftermath of the United States Supreme Court case, AT&T Mobility, LLC v. Concepcion, (2011) 131 S. Ct. 1740 (“Concepcion”) California courts have begun revising stat…
Source: jampolzimet.wordpress.com
Good information to pass along.
Dave Tate, Esq.
Creating Awareness with Internal Audits Stakeholders Sometimes It Takes Marketing – Richard Chambers On The Profession
Creating Awareness with Internal Audits Stakeholders Sometimes It Takes Marketing
Source: www.theiia.org
Good for internal auditors and audit committee members to read. Dave Tate, Esq., CPA (inactive), San Francisco, California
Issues Implementing New Revenue Recognition Rules – Looking For Details – Journal of Accountancy
Journal of Accountancy article, revenue transition group debates difficult implementation issues, click here. Not surprising, right? There will be a learning curve. And these are big changes coming, with more emphasis on principles and less on details. So naturally, accountants are looking for the details. See also my post, new revenue recognition and audit committee members going back to school, click here.
Dave Tate, Esq., and CPA (inactive)
AUDIT COMMITTEES, D&O, BUSINESS, COMPLIANCE, RISK, AUDITING, INVESTIGATIONS & LITIGATION 