The Public Company Accounting Oversight Board (PCAOB) has unveiled its 2023 Annual Report, showcasing a year of dynamic initiatives aimed at fortifying investor protection and enhancing audit quality. With a focus on compliance and regulatory enforcement, the report highlights significant milestones achieved in standard setting, inspections, and enforcement actions.
The Public Company Accounting Oversight Board (PCAOB) has taken decisive action against Deloitte Indonesia and Deloitte Philippines, alongside its recent enforcement measures against KPMG Netherlands, for serious violations of PCAOB rules and quality control standards. This enforcement action targets the widespread improper answer sharing within the firms over a significant period.
New York City's Comptroller, alongside trustees of the New York City Employees’ Retirement System, Teachers’ Retirement System, and Board of Education Retirement System (the Pension Systems), has secured agreements with three of North America's largest banks: JPMorgan Chase, Citi, and the Royal Bank of Canada. These agreements commit the banks to regularly disclose their ratio of financing for clean energy supply to financing for fossil fuel extraction, known as the Energy Supply Ratio, along with the underlying methodology.
In a rapidly digitizing world where cyber threats loom large, corporate boards are grappling with the imperative to fortify their cybersecurity measures. A collaborative effort between Diligent Institute and Bitsight sheds light on the intricate relationship between board governance structures and cybersecurity performance.
The Information Commissioner’s Office (ICO) has taken a significant stride towards enhancing international collaboration in data protection and privacy enforcement by joining the Global Cooperation Arrangement for Privacy Enforcement (Global CAPE). This move aims to foster cross-border cooperation and streamline information sharing among participating countries.
Corporater, a global leader in software solutions for Governance, Risk, and Compliance (GRC) along with Performance Management (jointly addressed as GPRC), is proud to announce the launch of a new Business Process Management Engine. This powerful addition, introduced first in the Nordic market, is now available in its second version globally. Amid market volatility and evolving regulations, GRC complexity is rising.
The Federal Trade Commission (FTC) has unveiled its Privacy and Data Security Update for 2023, showcasing the agency's relentless efforts in safeguarding consumer privacy amidst evolving data usage by companies. Samuel Levine, Director of the FTC’s Bureau of Consumer Protection, emphasized the FTC's proactive stance against indiscriminate data collection and exploitation, underscoring the agency's commitment to securing meaningful remedies to protect consumer information.