The Committee of Sponsoring Organizations of the Treadway Commission (COSO) and the National Association of Corporate Directors (NACD) have awarded a major contract to PwC US to assist in developing a comprehensive Corporate Governance Framework - the first of its kind for the United States.
The European Council has recently moved to approve a pioneering, risk based artificial intelligence regulation, known as the AI Act. After clearing the final procedural hurdle with approval from the Council of the EU, this landmark legislation is set to become the first comprehensive rulebook governing AI applications anywhere in the world.
A new research report finds organizations can greatly enhance their ability to proactively identify and mitigate risks by consolidating governance, risk and compliance (GRC) activities into a single technology platform, rather than using multiple disconnected solutions. The 2024 GRC Strategies, Teams and Outcomes Report from GRC software provider LogicGate revealed a stark divide in risk management effectiveness based on whether firms take a unified or fragmented approach to GRC.
Dell Technologies has issued notices regarding a significant data breach that has exposed personal and sensitive information of an estimated 49 million global customers. The computer giant first alerted customers on May 9th that an unauthorized party had gained access to a Dell system containing restricted customer data related to product purchases.
The Public Company Accounting Oversight Board (PCAOB) announced a settled disciplinary order against audit firm MaloneBailey, LLP for violations of PCAOB rules and quality control standards.
Germany's financial regulator BaFin has imposed a €9.2 million fine on digital bank N26 for systematic delays in reporting suspected money laundering cases in 2022.
Colorado has enacted a new law aimed at preventing discrimination when artificial intelligence systems are used to make consequential decisions about consumers. Senate Bill 205, signed into law Friday by Gov. Jared Polis, will add guardrails for companies utilizing AI technologies to make decisions related to employment, lending, housing and other areas impacting consumers when it goes into effect on February 1, 2026.