| 单词 | internal control |
| 例句 | The cashier used a number of schemes to circumvent internal controls and avoid suspicion. Swiss Museum Cashier Pockets Over $1 Million in Yearslong Scam 2023-08-08T04:00:00Z Fisker had delayed its quarterly results after it flagged issues relating to internal controls over financial reporting following the departure of its chief accounting officer, John Finnucan, in October. EV maker Fisker plunges to all-time low after cutting production target 2023-11-14T05:00:00Z "In the course of completing the preparation of the report, the company determined that it has material weaknesses in the company's internal control over financial reporting," Fisker said. Fisker posts larger-than-expected quarterly loss, flags material weakness in financials 2023-11-13T05:00:00Z The disclosures have raised questions from investors and regulators about internal controls at Two Sigma. Warring Billionaires, a Rogue Trader, a Divorce: One Hedge Fund’s Tale of Woe 2023-11-06T05:00:00Z The bank is still dealing with a 2020 consent order by regulators demanding it fix several "longstanding deficiencies" in its internal controls. Citigroup starts layoff talks after management overhaul -sources 2023-09-14T04:00:00Z An anti-money laundering program, the indictment states, is an internal control to verify customer identification, file reports, retain records and respond to law enforcement requests. Auburn man charged with facilitating $1B in crypto money laundering 2023-09-14T04:00:00Z The bank is still dealing with a 2020 consent order by regulators demanding it correct several "longstanding deficiencies" in its internal controls. Citigroup CEO sets sweeping management changes, job cuts 2023-09-13T04:00:00Z The company has said it was in talks with the property-services subsidiary about a repayment schedule and has adopted measures to address potential internal control weaknesses. How Evergrande’s downfall signaled China’s property crisis 2023-08-31T04:00:00Z The company said it is confident that it had improved its internal controls and processes required to meet listing rules of the stock exchange. China Evergrande says improved internal control may address listing rules 2023-08-21T04:00:00Z "Since we didn't receive a response, we decided to issue an internal control letter to get management's attention," she added. KPMG warned Brazil's Americanas about lack of financial controls in 2019, partner says 2023-08-01T04:00:00Z After the indictments, the department announced changes, including hiring an outside investigator to examine internal controls. 1 year prison for architect who paid $100K in bribes to Honolulu building permit officials 2023-07-28T04:00:00Z Arrival said in May that it expects to report one or more material weakness in internal control over financial reporting. Arrival to scrap plan to merge with SPAC 2023-07-03T04:00:00Z “We have consistently taken steps to protect customer privacy by providing clear privacy disclosures and customer controls, conducting ongoing audits and process improvements and maintaining strict internal controls to protect customer data.” Why FTC’s child privacy push costs Seattle’s biggest employers millions 2023-07-02T04:00:00Z Federal auditors said at the time that the state did not take advantage of an available internal control option offered by ClassWallet, the contractor hired to administer the program. Audit shows Oklahoma likely misspent millions in federal relief funds 2023-06-27T04:00:00Z They managed to use social engineering tricks - more akin to conmen than high-level cyber-criminals - to get access to the powerful internal control panel at the site. Twitter hack: Joseph O'Connor jailed for celebrity cyber attack 2023-06-25T04:00:00Z He said failures were "enabled by dereliction in political and managerial leadership, inadequate governance arrangements and serious weaknesses in internal control". Thurrock Council: 'Systemic weaknesses' led to £1.3bn debt 2023-06-15T04:00:00Z March 14 - Publishing its delayed 2022 annual report, Credit Suisse says it had identified "material weaknesses" in internal controls over financial reporting and not yet stemmed customer outflows. Countdown to mega merger - how Credit Suisse wobbled and UBS rushed to rescue 2023-06-05T04:00:00Z To prevent a compromised cell from continuing to divide, there are internal control mechanisms that operate at three main cell cycle checkpoints at which the cell cycle can be stopped until conditions are favorable. Concepts of Biology 2013-04-25T00:00:00Z But in a statement, Mr. Riddle said the bank “has made considerable progress in remedying a number of past issues,” while investing in bolstering its internal controls. Deutsche Bank Will Pay $75 Million to Victims of Jeffrey Epstein 2023-05-17T04:00:00Z "Deficiencies in internal controls prevented the bank from detecting this mistake in a timely manner," the ECB said. Goldman fined $7 million by ECB over credit risk reporting 2023-05-15T04:00:00Z One of Mr. Ray’s first acts was to issue a scathing report that said FTX under Mr. Bankman-Fried had lacked internal controls. Sam Bankman-Fried, in First Detailed Defense, Seeks to Dismiss Charges 2023-05-08T04:00:00Z Compliant crypto companies must show they have internal controls to prevent money laundering and terrorist financing. Crypto must end anonymity for illicit finance, U.S. regulator says 2023-04-25T04:00:00Z Each step of the cell cycle is monitored by internal controls called checkpoints. Concepts of Biology 2013-04-25T00:00:00Z It added that the agency requires institutions to have in place “effective internal controls” for assuring safe work spaces. NIH rules are supposed to stop ‘pass the harasser.’ In one recent case, they appear to have failed 2023-04-23T04:00:00Z As an example, Warner said the National Security Agency has suffered leaks in the past and internal controls limit the copying of documents. Limit access to most secret US documents, Senate intel panel head says 2023-04-23T04:00:00Z Here, I think the report might provide more evidence for the third explanation than the first, because internal controls were so lax, even about things where it was in Bankman-Fried’s own interest to be stringent. Opinion | Sam Bankman-Fried is a product of our time 2023-04-17T04:00:00Z "We will report that we have, and have had, a material weakness in internal control over financial reporting..." he said in the letter posted on the SEC online database. Credit Suisse, SEC letters show months-long reporting errors debate 2023-04-11T04:00:00Z Animals that do not have internal control of their body temperature are called ectotherms. Concepts of Biology 2013-04-25T00:00:00Z “Despite the robustness of controls in place, the human element can become a factor in any well-designed internal control environment,” the Port said in the report. Port of Seattle nearly lost $570K to phishing emails, prompting audit 2023-04-07T04:00:00Z Those troubles resurfaced last week after it reported managers had identified “material weaknesses” in its internal controls on financial reporting. Credit Suisse, UBS shares plunge after takeover announcement 2023-03-20T04:00:00Z Credit Suisse’s troubles resurfaced after it reported managers had identified “material weaknesses” in its internal controls on financial reporting. UBS to buy Credit Suisse for nearly $3.25B to calm turmoil 2023-03-19T04:00:00Z Its current troubles began after Credit Suisse reported on Tuesday that managers had identified “material weaknesses” in the bank’s internal controls on financial reporting as of the end of last year. Swiss to hold news conference amid Credit Suisse troubles 2023-03-19T04:00:00Z Credit Suisse's 2022 annual report identifies "material weaknesses" in internal controls over financial reporting. How Credit Suisse has evolved over 167 years 2023-03-18T04:00:00Z The issues it was punished for had no direct impact on its current and future business, Huarong said, adding that it would strengthen internal controls and its risk management system. China fines Deloitte $31 mln for auditing negligence 2023-03-18T04:00:00Z On Tuesday, Credit Suisse said in its 2022 annual report the bank had identified "material weaknesses" in internal controls. Exclusive: Credit Suisse tells staff SNB facility does not trigger a 'viability' event 2023-03-16T04:00:00Z A day earlier, Credit Suisse reported that managers had identified “material weaknesses” in the bank’s internal controls on financial reporting as of the end of last year. Credit Suisse to borrow $54 billion from Swiss central bank 2023-03-15T04:00:00Z When it published its 2022 data on Tuesday, it admitted there had been “material weaknesses” in internal controls over its financial reporting from the previous two years. Opinion | Forget too big to fail. Credit Suisse is too troubled to fix. 2023-03-15T04:00:00Z It added that it had failed to maintain effective monitoring over the bank’s “internal control objectives” and “risk assessment and monitoring objectives.” Credit Suisse to borrow up to $53.7 billion from Swiss central bank 2023-03-15T04:00:00Z He said the internal controls over the annual report’s preparation were insufficient to detect and correct errors in a timely manner. SC lawmakers want to fire comptroller for $3.5B error 2023-03-15T04:00:00Z On Tuesday, Credit Suisse published its annual report for 2022 indicating that managers had identified “material weaknesses” in the bank’s internal control over financial reporting as of the end of last year. Credit Suisse shares sink as key investor vows no more help 2023-03-15T04:00:00Z In the corporate world, focus will be on Credit Suisse after the Swiss bank said it had identified "material weaknesses" in internal controls over financial reporting. Morning Bid: Pride and prudence expected in UK budget 2023-03-15T04:00:00Z GAO made 10 recommendations in its most recent report, related to issues within federal agencies including internal control problems, and the processing and sharing of information. Perspective | Two-year probe finds law enforcement lapses related to Capitol riot 2023-03-10T05:00:00Z Citigroup's remediation team works on a 2020 consent order issued by regulators requiring it to improve its risk management and internal controls, following which it has invested heavily in addressing the issues. Citigroup to lay off less than 1% of staff - source 2023-03-02T05:00:00Z Deloitte & Touche, the accounting firm that audited Plug’s financial statements in the annual report, issued “an adverse opinion on the effectiveness of the company’s internal control over financial reporting.” Pioneering Moses Lake flight uses hydrogen to power regional airplane 2023-03-02T05:00:00Z The authority works with financial institutions — banks, insurance companies and even the Swiss stock exchange — to ensure that proper internal controls and stability are in place. Swiss regulator: Credit Suisse made ‘serious breach’ of law 2023-02-28T05:00:00Z CBH said in a statement at the time that it had already taken action to enhance its internal controls. Leaked files reveal reputation-management firm’s deceptive tactics Adani Group said last week it was considering independent evaluation of issues relating to legal compliance, related party transactions and internal controls following the Hindenburg report. Adani hires Grant Thornton for some independent audits after Hindenburg fallout -sources 2023-02-13T05:00:00Z Clouse said the hospital has made several changes to its internal controls and security measures and will work to ensure a safe environment for patients, providers and employees. Police: Man assaulted Iowa hospital patients before he died 2023-01-11T05:00:00Z This month, the agency said it had followed up on every recommendation issued by the internal control office. Thriving network of fixers preys on migrants crossing Mexico 2022-12-29T05:00:00Z This month, the agency said it had followed up on every recommendation issued by the internal control office as part of its commitment in the fight against corruption. Thriving network of fixers preys on migrants crossing Mexico 2022-12-29T05:00:00Z He said he had seen "an utter lack of record-keeping - no internal controls whatsoever". FTX crypto boss Sam Bankman-Fried denied bail in Bahamas 2022-12-13T05:00:00Z "I've just never seen an utter lack of record keeping - absolutely no internal controls whatsoever," Ray told the U.S. Poor management, inexperienced leaders led to FTX collapse, new CEO tells lawmakers 2022-12-13T05:00:00Z House Financial Services Committee that the cryptocurrency exchange had "unacceptable management practices" including the commingling of assets and lack of internal controls, according to prepared remarks. Bankman-Fried to appear in Bahamas court; U.S. to unveil charges 2022-12-13T05:00:00Z In prepared remarks for the congressional testimony, Ray said his initial investigation of the company showed “gross mismanagement, excessive leverage” and “failures of internal controls.” Sam Bankman-Fried arrested in Bahamas on U.S. request 2022-12-12T05:00:00Z The fine is the latest action by Britain's financial watchdog, as it tries to clamp down on poor internal controls by banks that allow illicit funds to flow through them. UK watchdog fines Santander $132 mln over anti-laundering controls 2022-12-09T05:00:00Z In fairness, so will some journalists, if allowed, which is why my profession has developed strong internal controls to catch mistakes and punish deliberate fabulists. Opinion | The new AI writing tool might teach us the value of truth 2022-12-07T05:00:00Z The House report paints a portrait of Blueacorn and Womply as tiny companies operating with scant staffing, lax internal controls and little interest in separating legitimate loan applications from fraudulent ones. Two Fintechs Fueled Extensive Pandemic Relief Fraud, House Report Finds 2022-12-01T05:00:00Z The Fed had directed Citi to correct several "longstanding deficiencies" in its internal controls to improve its risk infrastructure and internal governance. Bank regulators identify shortcoming in Citigroup resolution plan 2022-11-23T05:00:00Z “Twitter has had several major security incidents over the last several years due to poor internal controls and a permissive data architecture,” said Alex Stamos, a former head of data security at Facebook and Yahoo. Twitter’s content moderation head quits as departures alarm the FTC 2022-11-10T05:00:00Z “The Board of Directors will be reviewing Forterra’s actions to improve its processes, internal controls and pursue successful collaborations with sovereign Tribal nations as well as Forterra’s community partners.” Forterra’s report finds they acted inconsistently but in ‘good faith’ 2022-11-03T04:00:00Z “Since these incidents happened, there are many more additional internal controls in place,” she said in a statement Tuesday. Ex-lawmaker pleads guilty in theft of $1.2M in COVID-19 aid 2022-11-02T04:00:00Z “A balance between speed and internal controls is achievable and necessary to ensure timely governmental assistance to disaster victims,” the Small Business Administration inspector general’s office wrote in a statement. Two Fintechs Fueled Extensive Pandemic Relief Fraud, House Report Finds 2022-12-01T05:00:00Z Hung calls it the “Mao Zedong trap,” whereby Xi will either need to make internal control ever more stringent, like Stalin, or pursue rampant nationalism and aggression. Taiwan, missiles and spying set to be China’s priorities under new Xi term 2022-10-28T04:00:00Z Then, after one final review of each company’s internal controls, which should take about a week, the state will issue the licenses and mobile sports gambling will begin in Maryland. The long wait for online sports betting in Maryland is almost over 2022-10-19T04:00:00Z The plan aims to address a 2020 directive from the Fed demanding that the bank correct several "longstanding deficiencies" in its internal controls. Citigroup says it's in dialogue with regulators on consent order 2022-10-14T04:00:00Z Mr. Sharf said the bank was continuing to strengthen its internal controls but that “we remain at risk of setbacks.” Wells Fargo’s Scandals Drag on Profit as It Braces for a ‘Slowing Economy’ 2022-10-14T04:00:00Z The company did not apparently have any internal controls in place for sanctions until October 2017. Seattle crypto exchange Bittrex faces record fine for violating U.S. sanctions 2022-10-11T04:00:00Z The firm failed to implement any internal controls to track such transactions in real time, the SEC said. Barclays to pay SEC $361 million on over-issuance of securities 2022-09-29T04:00:00Z Such measures could typically entail temporary business suspensions or orders to improve internal controls, among other things. Japan's securities watchdog recommends punishment for SMBC Nikko 2022-09-28T04:00:00Z Then Verkada, a security start-up that has faced accusations of harassment of female employees and lax internal controls over access to its surveillance tools, raised $205 million from top venture firms. Silicon Valley Slides Back Into ‘Bro’ Culture 2022-09-24T04:00:00Z The complaint said Barclays made "materially false and misleading" assurances in its annual reports that its internal controls over financial reporting were effective. Barclays shareholders sue in U.S. over $17.6 bln debt sale blunder 2022-09-23T04:00:00Z She inherited a slew of problems from her predecessor, including demands by regulators to clean up Citigroup’s internal controls. Factbox: Meet the big bank CEOs set to be grilled by Congress 2022-09-20T04:00:00Z Adding to the company's woes, auditor PricewaterhouseCoopers resigned last month citing the lack of effective internal controls at the company. Faraday Future shareholder sues EV startup for removal of two directors 2022-09-19T04:00:00Z The plan, which was given to regulators this week, aims to address a 2020 directive from the Fed demanding that the bank correct several "longstanding deficiencies" in its internal controls. Exclusive: Citigroup submits multiyear plan to address Fed concerns 2022-09-16T04:00:00Z To prevent a compromised cell from continuing to divide, there are internal control mechanisms that operate at three main cell cycle checkpoints. Biology for AP Courses 2022-06-09T00:00:00Z The prime minister said the government would propose changes to how EYP operates, including increasing its accountability and parliamentary supervision, and making internal changes to bolster transparency, personnel training and internal controls. Greek PM ‘unaware’ of prominent politician’s wiretap 2022-08-08T04:00:00Z Others say the company’s board of directors failed to implement internal controls and corporate governance policies needed to enter the competitive iBuying market. Seattle-based Zillow faces another shareholder suit over failed house-flipping business 2022-07-25T04:00:00Z In light of the above preliminary findings, China Evergrande said it will consider appointing an internal control consultant to conduct a comprehensive review of the internal control and risk management systems of the company. China Evergrande CEO, CFO resign amid probe into subsidiary 2022-07-23T04:00:00Z Evergrande also said it was working out a repayment plan with the subsidiary, and that it was considering appointing a consultant to perform a review of its internal controls and risk management. China Evergrande C.E.O. Resigns After Loans Come Under Scrutiny 2022-07-23T04:00:00Z The document also calls for the state to audit another $5.4 million for possible refund of misspent funds, and develop better management and internal controls of the spending. Audit critical of Oklahoma’s use of education relief funds 2022-07-20T04:00:00Z In addition, fund managers and sales agents participating in private pension business must set up internal control systems, adopt long-term incentives, and ensure independent operation of the pension assets, according to the rules. China proposes rules to regulate private pension investment via mutual funds 2022-06-25T04:00:00Z Banks must look at how risks from climate change affect their business strategy, training of senior staff and board members, internal controls, capital and pay over the short, medium and longer term, the guidance showed. Global regulators set out climate checklist for banks 2022-06-15T04:00:00Z Caixabank welcomed the decision and said it had adequate internal controls in place to prevent crime. Spanish court drops investigation into Repsol chairman in alleged spying case 2022-06-02T04:00:00Z Directors of premium listed companies would also have to state why they think their internal controls are effective. UK audit shake-up targets big firms after spate of corporate failures 2022-05-30T04:00:00Z The internal control option could have been used to limit expenditures to educational-related only items, the report said. Audit critical of Oklahoma’s use of education relief funds 2022-07-20T04:00:00Z Others suspect North Korea might have exaggerated its earlier fever cases to try to strengthen its internal control of its population. N. Korea moves to soften curbs amid doubts over COVID counts 2022-05-28T04:00:00Z As part of the plea deal with the DoJ, Glencore said an independent compliance monitor will be appointed for three years to check its "internal controls". Mining giant pleads guilty to UK bribery charges 2022-05-24T04:00:00Z “I am deeply concerned about the practices at this Abbott facility and their apparent failure to implement and enforce internal controls at this facility,” Mrs. DeLauro said at an oversight hearing on April 28. Baby formula maker won’t accept Dems’ blame for shortages, says no evidence plant sickened infants 2022-05-16T04:00:00Z Sarbanes-Oxley rules, which force U.S. directors to personally attest to the adequacy of internal controls, and face prison for breaches. UK audit shake-up targets big firms after spate of corporate failures 2022-05-30T04:00:00Z “Children are not learning internal control. And if anything, they’re learning sort of an almost allergic reaction to . . . external control.” Review | The unconventional life and radical vision of Maria Montessori 2022-04-01T04:00:00Z It centralizes systems of information and internal control. The dangerous myth of American innocence: Only our enemies commit "war crimes" 2022-03-24T04:00:00Z “We then partnered with the FBI and maintained our strong internal controls to help minimize the impact of the fraudulent activity and provided all the requested documents to support the investigation,” Payton said. Man posing as students convicted in $1.4 million loan scheme 2022-03-19T04:00:00Z The complaint names members of Zillow’s board of directors and seeks damages to be awarded to Zillow as well as reforms to the company’s internal control systems. Zillow hit with another lawsuit stemming from closure of house-flipping operation 2022-03-14T04:00:00Z "Lessons from Carillion and other recent company failures have been ignored, with little emphasis now on tightening internal controls and modernising corporate governance," said Michael Izza, chief executive of ICAEW, a professional accounting body. UK audit shake-up targets big firms after spate of corporate failures 2022-05-30T04:00:00Z Administration officials are also urging the cryptocurrency industry to put into place internal controls that prevent bad actors from using their services. Russia Could Use Cryptocurrency to Blunt the Force of U.S. Sanctions 2022-02-23T05:00:00Z That includes providing internal controls to ensure compliance with private protection rules, transparency about how data is handled, training for employees and measures to address breaches of privacy, it says. Data complaint filed against plan to sell Telenor Myanmar 2022-02-07T05:00:00Z That report alleged De Gregorio assisted Hicks in circumventing procurement policies and evading internal controls. Former New Mexico spaceport CFO alleges fraud, retaliation 2022-01-05T05:00:00Z It turned up inadequately trained fingerprint and firearms examiners who had failed proficiency tests; a lack of internal controls; leadership failures within and above the agency and a culture that prioritized output over quality. Opinion | How many people were wrongly convicted because of D.C.'s dysfunctional crime lab? 2021-12-27T05:00:00Z It prevented the company’s operations team from using its real-time monitoring system and internal controls that they typically rely on, explaining why the outage took so long to fix. Amazon Web Services says overwhelmed network devices triggered outage 2021-12-11T05:00:00Z The outage persisted “because their internal controls and monitoring systems were taken offline by the storm of traffic caused by the original problem.” Amazon says ‘unexpected behavior’ caused huge cloud outage 2021-12-10T05:00:00Z In August, the company said it could not deliver its annual report on time because of “a formal internal review of certain accounting practices and internal controls related to its Eros subsidiaries.” After a troubled merger, 'Bad Moms' studio STX sells to investment firm 2021-12-07T05:00:00Z We must work harder to institute stronger internal controls and prove in every way that we are being good stewards of taxpayer dollars. Pentagon again struggles to produce ‘clean’ audit of sprawling operations 2021-11-16T05:00:00Z A Transportation Department official, speaking on condition of anonymity, said the agency has improved its internal controls to make sure the projects it selects are worthy investments that follow the guidelines laid out by Congress. Analysis: U.S. infrastructure bill makes power broker of transportation chief Buttigieg 2021-11-11T05:00:00Z Thousands of miles away, in California, Facebook engineers were racing to tweak internal controls to slow the spread of misinformation and inciteful content. Amid the Capitol riot, Facebook faced its own insurrection 2021-10-22T04:00:00Z The internal control unit refused multiple interview requests, saying it was not authorized to talk to the press about its procedures. ‘I gave up a dream.’ Women accuse famed plant geneticist of sexual harassment 2021-09-29T04:00:00Z In May, N26 was ordered by BaFin to put in place internal controls and safeguards to prevent money laundering and terrorist financing. German watchdog BaFin orders N26 to pay $5 million fine 2021-09-28T04:00:00Z In a statement, Healthcare Services Chief Executive Ted Wahl said the company cooperated with the SEC, and was committed to strong internal controls, compliance practices and corporate governance. SEC fines Healthcare Services Group for concealing legal settlements, inflating earnings 2021-08-24T04:00:00Z The problems included weak internal controls, inadequate rationale for price-settings, non-compliance with stipulated procedures and improper storage of working papers, the SAC said in a statement, without identifying the companies. China tightens scrutiny over IPO price-setting, punishes 19 institutions 2021-08-14T04:00:00Z Eros STX also told investors it had filed for an extension to complete its annual report, citing an ongoing “formal internal review of certain accounting practices and internal controls related to its Eros subsidiaries.” Facing debt payments, 'Bad Moms' studio STX looks to its library for cash 2021-08-04T04:00:00Z "We immediately took steps to strengthen our internal controls and systems in order to prevent the issues from happening again." Hong Kong regulator fines UBS $1.5 mln for compliance breaches 2021-08-03T04:00:00Z In the years that followed, Archegos broke many of the safety limits and internal controls set by Credit Suisse. Hear no evil, see no evil: How Credit Suisse ignored Archegos warnings 2021-07-29T04:00:00Z The state audit stated internal controls of the district at the time were not adequate to safeguard public resources. Former fire chief pleads not guilty to theft in Grays Harbor County 2021-05-26T04:00:00Z The report identified “deficiencies within all components of internal control” in the Small Business Administration’s oversight and concluded that officials “must show stronger program integrity controls and better management.” As Trillions Flow Out the Door, Stimulus Oversight Faces Challenges 2021-05-13T04:00:00Z Kimia Farma, which is headquartered in the capital Jakarta, has since fired the staff involved and promised to tighten internal controls. Indonesian firm busted for reusing Covid nasal swab tests 2021-05-05T04:00:00Z The department Thursday evening announced the changes, including hiring an outside investigator to examine internal controls. Honolulu bribery scandal prompts permit department overhaul 2021-04-23T04:00:00Z Auditors for Fortenberry & Ballard, PC, an accounting firm in Brandon, wrote that the district lacks an “internal control system that will ensure strong financial accountability, proper safeguarding of assets, and accurate accounting records.” Mississippi taps adviser to oversee funds in poor district 2021-04-20T04:00:00Z The second above source said the SEC asked questions relating to compliance, reporting and internal controls. Exclusive: U.S. regulator opens inquiry into Wall Street's blank check IPO frenzy - sources 2021-03-25T04:00:00Z The suspension remains in effect indefinitely until a review finds that proper internal controls are in place going forward. Sportsbook operator sues over its suspension in Tennessee 2021-03-23T04:00:00Z The unprecedented blunder was the latest misstep involving internal controls at Citigroup, which federal regulators fined $400 million in October over longstanding deficiencies. Citigroup revises earnings lower after losing Revlon case 2021-02-26T05:00:00Z Baker was notified in December of the SEC's formal investigation into its records and internal controls related with sales at the impacted projects, the company disclosed in its annual regulatory filing on Thursday. Baker Hughes discloses SEC probe over projects affected by U.S. sanctions 2021-02-26T05:00:00Z United agreed to strengthen its compliance program and to submit yearly reports to the Justice Department detailing the status of remediation and implementation of United’s compliance program and internal controls. United Airlines to pay $49.5 million to settle U.S. international mail contract probe 2021-02-26T05:00:00Z Citigroup unexpectedly lost a legal battle to recover half a billion dollars it sent Revlon lenders, after the embarrassing blunder forced it to answer to regulators and tighten its internal controls. Goldman Sachs offers app for smaller investors 2021-02-16T05:00:00Z The company also will adopt stricter internal controls. Fiat Chrysler agrees to pay $30 million to settle corruption probe 2021-01-27T05:00:00Z The report detailed what officials said was either a significant breakdown or willful disregard of internal controls that were designed to prevent and detect fraud. Audit reveals mishandled city funds in Las Cruces 2020-12-29T05:00:00Z The state auditor concluded fraud occurred because of a material weakness in internal controls. ESD fraud: Replace LeVine 2020-12-22T05:00:00Z A spokesman for Zoom said on Friday that Mr. Jin violated its policies by attempting to circumvent internal controls. Zoom Executive Accused of Disrupting Calls at China’s Behest 2020-12-18T05:00:00Z The audit found that changes in ESD’s internal controls that made the program more vulnerable to fraud. Audit: Inadequate control to prevent state unemployment scam 2020-12-18T05:00:00Z "I think it is fair to say that the additional layers of security around top secret and highly classified stuff will be protected by internal controls, so direct access to those is unlikely." SolarWinds: Why the Sunburst hack is so serious 2020-12-15T05:00:00Z The law reshaped corporate oversight after accounting scandals at Enron, WorldCom and other major corporations exposed inadequate internal controls and auditors who had become too cozy with the companies whose books they examined. Former Sen. Paul Sarbanes of Maryland has died, at 87 2020-12-07T05:00:00Z State Auditor Brian Colón said in a statement there was a breakdown of internal controls that resulted in possible embezzlement and fraud. Audit: Money stolen from New Mexico inmates’ accounts 2020-11-27T05:00:00Z Under “factors affecting our performance,” the company says its rapid growth strained its IT and accounting systems, processes, and personnel, and an independent auditor found “material weakness in our internal control over financial reporting.” DoorDash files for IPO and hints at driverless future 2020-11-13T05:00:00Z "It's troubling to me that the general counsel or the internal controls of these companies would consider it legitimate to adopt a 10b5-1 plan one day before a major vaccine announcement," Taylor told NPR. Watchdog group calls for SEC probe after Pfizer CEO dumps $5.6M in stock on day of vaccine news 2020-11-13T05:00:00Z But Mr. Comey also pointed a finger at the FBI’s internal controls, saying they weren’t strong enough to catch the mistakes before the faulty application was submitted to the Foreign Intelligence Surveillance Court. Comey: I am responsible for ‘embarrassing’ Carter Page FISA application 2020-09-30T04:00:00Z “We appreciate that the considerable resources we’ve dedicated to internal controls was recognized by the DOJ, including enhancements to compliance policies, surveillance systems and training programs.” Nikola founder faces second accusation of sexual assault 2020-09-29T04:00:00Z “The pandemic allowed governments to spend significant resources very quickly while internal controls were relaxed due to the emergency,” said Guilherme France, research director for Transparency International in Brazil. The ventilators never came: How graft hampered Brazil's COVID-19 response 2020-09-25T04:00:00Z New executives at the hospital say efforts are underway to ensure proper internal controls and restore financial integrity. Ex-CEO pushes back on audit of hospital near Navajo Nation 2020-09-16T04:00:00Z The team issued a statement saying that it has “added thorough internal controls and compliance measures to prevent this type of occurrence from happening again in the future.” Coyotes penalized 2020, 2021 draft picks for violating scouting combine policy 2020-08-26T04:00:00Z “Under new leadership, we have added thorough internal controls and compliance measures to prevent this type of occurrence from happening again in the future.” NHL strips Coyotes of 2 picks for violating combine policy 2020-08-26T04:00:00Z The SEC charged that the company’s internal controls were insufficient to detect the activity, and management “lacked the appropriate tone” on compliance. U.S. SEC fines World Acceptance Corp $21.7 million for Mexican bribes 2020-08-06T04:00:00Z A representative of Witzel said the suspended governor increased internal controls in the Rio state government, adding that he had fired many public servants accused of “irregularities” during his time in power. The ventilators never came: How graft hampered Brazil's COVID-19 response 2020-09-25T04:00:00Z In court filings, Essentra FZE admitted responsibility and agreed to what is effectively corporate probation, pledging to report any criminal employee misconduct, cooperate fully with investigators and toughen internal controls over a three-year period. Cigarette-filter maker settles allegations of violating North Korea sanctions 2020-07-16T04:00:00Z Instead, it appears to be more likely that the internal controls at Twitter itself were hacked, which is slightly more unnerving. Twitter hackers compromise accounts of Biden and Obama to ask for Bitcoin 2020-07-16T04:00:00Z But the widespread nature of this attack suggested an unusually broad access to internal controls. Biden, billionaires and corporate accounts targeted in Twitter hack 2020-07-15T04:00:00Z The oil company admitted wrongdoing related to record keeping and internal controls, ultimately agreeing to pay a $853 million fine to settle charges that it violated U.S. anti-corruption laws. Exclusive: Flush with corruption cash, Brazilian states step up deforestation fight 2020-06-03T04:00:00Z They also provided information about internal controls that allow the organization to determine whether a sufficient specimen was collected to guarantee accurate test results. F.D.A. Halts Coronavirus Testing Program Backed by Bill Gates 2020-05-15T04:00:00Z The auditor’s report said Human Services leaders, particularly Davis, “participated in a widespread and pervasive conspiracy to circumvent internal controls, state law, and federal regulations” to direct grant money to certain people and groups. Brett Favre to repay $1.1M after being ensnared in Mississippi embezzlement scheme 2020-05-06T04:00:00Z Sprint acknowledged risks in an SEC filing, saying that its internal controls over financial reporting could negatively affect the combined company. T-Mobile completes $23 billion Sprint merger, becoming No. 3 U.S. wireless provider 2020-04-01T04:00:00Z “To improve the company’s internal controls, the spot method should only be used for specific operations on an urgent basis,” the EY audit said. Exclusive: Flying blind - Marubeni's Gavilon ignored Brazilian red flags 2020-03-16T04:00:00Z Among its recommended measures, the Monetary Authority of Singapore said financial institutions should “continue to maintain effective internal controls across their operations should split team arrangements be implemented.” Singapore issues advisory for financial sector amid higher virus alert level 2020-02-08T05:00:00Z Deutsche Bank also emphasized that it was sticking with the United States market, despite its long history of problems with American regulators who criticized the bank for weak internal controls. Deutsche Bank Reports Huge Loss for 2019 2020-01-30T05:00:00Z The deaths brought further scrutiny to VA’s internal controls. Grand jury convened in probe of 11 deaths from insulin injections at W.Va. Veterans Affairs hospital 2020-01-29T05:00:00Z “Some people talk about bureaucracies, I talk about processes that must be followed. So, an internal control is not a bureaucracy. It’s an assurance that funding is being used the way it should be.” Puerto Ricans fear help may never come 2020-01-20T05:00:00Z In 2015, Portuguese regulators said the bank had failed to monitor money flowing from Angola to European companies linked to her and her associates, concluding that the lender lacked internal controls. How U.S. Firms Helped Africa’s Richest Woman Exploit Her Country’s Wealth 2020-01-19T05:00:00Z The audit examined the city’s finances from July 1, 2018, through June 30, 2019, and found 12 material conditions - including miscalculated balances and a lack of internal controls over purchasing cards. Audit reveals mismanaged funds, errors in Flint finances 2020-01-18T05:00:00Z “The department is assessing ACLU’s claim that there were additional instances and into its internal controls to ensure complete adherence to the California Values Act,” Police Chief Cosme Lozano said in the statement. ACLU says Orange County, cities violated sanctuary law when 2 men were detained by ICE 2020-01-15T05:00:00Z A surveillance state unchecked by internal controls is deeply sinister. Opinion | Barr’s focus on abuses by the FBI is entirely warranted 2019-12-11T05:00:00Z The Office of the Inspector General contracted Federal Management Systems to evaluate DCRA’s internal controls — the process management uses to help the agency achieve its objectives. D.C. Council weighs breakup of consumer and regulatory agency 2019-12-10T05:00:00Z The agency added that it “will continue to focus on identifying potential areas of fraud and abuse and strengthening internal controls so that benefits are administered to eligible households and used for permitted purposes.” Massachusetts governor defends 'integrity' of EBT system following report of abuse 2019-12-04T05:00:00Z Its board identified weaknesses in internal controls, two of which were material and at least one of which existed since Dec. 31. ProPetro confirms U.S. SEC probe, accounting weaknesses 2019-11-13T05:00:00Z The agency has an $18 billion annual budget but lacked “internal controls” to track decision making and ensure compliance with the complex web of state and federal regulations for spending medical assistance dollars. Excerpts from recent Minnesota editorials 2019-11-04T05:00:00Z The fracking services company earlier said its board was examining accounting disclosures, internal controls and expense payments to top executives. Shares of oilfield firm ProPetro fall 10% on short-seller's report 2019-10-31T04:00:00Z Legislative auditors would also weigh in, finding that McGraw’s office had deposited the Purdue settlement and money from unrelated settlements into one account with “significant internal control weakness and noncompliance in areas of high risk.” ‘They looked at us like an easy target’: Inside West Virginia’s opioid battle 2019-10-17T04:00:00Z “There was a total lack of internal controls. Where were the board’s basic questions like, ‘Why are we doing WeLive?’” WeWork Planned a Residential Utopia. It Hasn’t Turned Out That Way. 2019-10-13T04:00:00Z The case has also brought new scrutiny to VA’s internal controls. Suspicious insulin injections, nearly a dozen deaths: Inside an unfolding investigation at a VA hospital in West Virginia 2019-10-05T04:00:00Z The D.C. public school system, because of poor management and internal controls, found itself facing a $23 million budget shortfall earlier in the year. Opinion | The District is neglecting its only public psychiatric hospital. It’s cruel. 2019-10-04T04:00:00Z The SEC said Barclays lacked internal controls to ensure that its employees were not engaged in bribery with respect to these “relationship hires.” Barclays pays $6.3 million to settle U.S. SEC's Asia-Pacific hiring probe 2019-09-27T04:00:00Z He also pledged that the school will examine the gifts to determine whether internal controls can be bolstered to prevent similar issues. Epstein’s donations to universities reveal a painful truth about philanthropy 2019-09-04T04:00:00Z The company said it did, however, tighten up its internal control processes in Brazil. Exclusive: Philips, under investigation in U.S. and Brazil, fired... 2019-08-21T04:00:00Z “From an auditor’s perspective, when you see a persistent element of the budget over what was budgeted, that shows there is a lack of internal controls, because it did not happen overnight.” The District’s public school system faces $23 million deficit, drawing criticism 2019-07-14T04:00:00Z Among its findings were that the state Department of Environmental Protection lacked internal controls and oversight for monitoring lease payments. Audit finds lax oversight at parks led to $343K revenue loss 2019-06-27T04:00:00Z “In numerous instances, senior Walmart employees knew of failures of its anti-corruption-related internal controls involving foreign subsidiaries, and yet Walmart failed for years to implement sufficient controls comporting with U.S. criminal laws,” he added. Walmart to pay $282 million to settle seven-year global corruption... 2019-06-20T04:00:00Z Braverman confirmed that the team would conduct an internal review to determine how the video bypassed internal controls meant to prevent this kind of incident. Ocasio-Cortez responds to baseball team’s ‘enemies of freedom’ Memorial Day video 2019-05-28T04:00:00Z In addition, the memo drew attention to “senior management override of internal controls,” which led to violations of “accounts payable procedures” and “HR policy,” including “hiring of staff without HR knowledge.” An Internal Memo Raises New Questions About Self-Dealing at the N.R.A. 2019-05-07T04:00:00Z The Securities and Exchange Commission investigated matters related to the bank's internal controls and loans to foreigners, according to Probes Reporter. Jamie Dimon made a bundle last year. San Diego banker Gregory Garrabrants earned even more 2019-04-11T04:00:00Z Last week, Jerome H. Powell, the Fed chairman, acknowledged that Wells Fargo still had “a lot of work to do” improving its internal controls. Wells Fargo C.E.O. Timothy Sloan Abruptly Steps Down 2019-03-28T04:00:00Z “Citi will place the utmost priority on further enhancing governance and internal control to comply with the financial regulations and directives,” it said in a statement. Japan market watchdog seeks $1.2 million fine against Citi, alleges... 2019-03-26T04:00:00Z In November, Georgetown tightened internal controls to require more systematic review of athletic credentials of its recruits and audits of how many of those admitted actually join teams. ‘Three spots’: Alleged bribery of tennis coach stings Georgetown admissions 2019-03-16T04:00:00Z The Chicago-based company, which owns the Velveeta cheese and Heinz ketchup brands, said the SEC subpoena was related to an investigation into the company’s accounting policies, procedures and internal controls related to its procurement. UPDATE 2-Kraft Heinz gets SEC subpoena, quarterly profit misses estimates 2019-02-21T05:00:00Z Additionally, the company said the SEC subpoena received in October was related to an investigation into the company’s accounting policies, procedures and internal controls related to its procurement function. Kraft Heinz sees 'step backwards' in 2019, gets SEC subpoena 2019-02-21T05:00:00Z The new agreement requires Nycha to develop internal controls to prevent deceptive practices, like covering up hazardous conditions and performing substandard repairs. De Blasio Cedes Further Control of Nycha but Avoids Federal Takeover 2019-01-31T05:00:00Z There are stronger policies regulating the use of city credit cards, but the city’s “internal control system” is still “mostly inadequate,” according to the report. City of Industry attacks critical audit, alleging state controller is trying to help developer 2019-01-24T05:00:00Z It says the authority lacked “internal controls” to monitor and oversee the performance of incentive recipients. Audit faults NJ agency for lack of tax credit oversight 2019-01-09T05:00:00Z The reports highlighted the role of the traders but also pointed to failures of the bank’s internal controls as well as lapses of “managers” in the global financial markets division. Audits reveal Deutsche Bank's links to tax trade scandal 2019-01-04T05:00:00Z Company executives have been upbeat about the bank’s future prospects despite a regulatory restriction that has kept it from growing while it repairs its internal controls. Wells Fargo Agrees to Pay $575 Million to Resolve State Investigations 2018-12-28T05:00:00Z Chief judges maintain full caseloads and also handle administrative duties that include managing the budget, making sure internal controls are in place to protect government money and property, and overseeing court staff and court operations. Chief judges step down in Idaho but will maintain caseloads 2018-12-22T05:00:00Z The audit presented Tuesday to the Legislative Audit Committee noted problems with fee collections and internal controls dealing with contracting with attorneys. Audit finds minor issues with public defender division 2018-12-12T05:00:00Z In February, the Fed restricted Wells Fargo from increasing assets beyond its end-of-2017 level due to the pattern of consumer abuses and a need to beef up internal controls. Wells Fargo says it’s cleaning up. Regulators demand more 2018-12-07T05:00:00Z The audit identified 20 “material weaknesses” or deficiencies in the department’s internal controls. First full Pentagon financial audit details bureaucratic noncompliance but no fraud 2018-11-21T05:00:00Z Auditor Dave Yost says his office couldn’t determine whether errors in the sponsor evaluations and grant application stemmed from “malicious intent” or poor internal controls at Ohio’s Department of Education. Audit stems from Ohio e-school data left out of 2015 ratings 2018-11-22T05:00:00Z The investigation, conducted by the United Nations Office of Internal Oversight Services, criticized the environment agency for “a culture of scant regard for internal controls and existing rules” on the use of public funds. U.N. Environment Envoy Quits After Audit of Expenses 2018-11-20T05:00:00Z CHS is working to address failures in its internal controls for financial reporting, the company said in its regulatory filing. CHS Inc. says staffer overstated profits by as much as $190M 2018-10-27T04:00:00Z City Finance Director Henry Raymond says it reveals the department lacks internal controls needed to ensure overtime hours are necessary. Audit: Baltimore police don’t effectively track work hours 2018-10-25T04:00:00Z The SEC did not identify the companies but said the failings of internal controls were only discovered when vendors told authorities of nonpayment on a number of outstanding invoices. SEC warns corporate cyber weakness could violate federal law 2018-10-16T04:00:00Z On Wednesday, the Justice Department praised GE Aviation for its cooperation in the investigation and internal controls that the department said “protected GE Aviation’s proprietary information.’ Chinese Officer Is Extradited to U.S. to Face Charges of Economic Espionage 2018-10-10T04:00:00Z However, his next statement is rarely quoted: "If angels were to govern men, neither external nor internal controls on government would be necessary." Justice Kavanaugh Takes the Bench on the Supreme Court 2018-10-09T04:00:00Z The state also weighs in on companies’ internal controls, which can include limits to the amount of money wagered and limited odds. New Jersey gaming regulator mea culpa for FanDuel sports bet glitch 2018-10-09T04:00:00Z The warehouse club retailer’s shares fell as much as 3 percent after the bell, with the company saying it is reviewing its internal control over financial reporting. Costco barely beats sales estimates, gross margins weigh 2018-10-04T04:00:00Z Costco Wholesale Corp. is assessing its internal control over its financial reporting, a warning that helped send shares in the retailer lower in after-hours trading. Costco Reports Internal Control Issue, Sending Shares Lower 2018-10-04T04:00:00Z A cloud hung over an otherwise strong financial report from Issaquah-based bulk retailer Costco as it disclosed “material weakness in internal control” related to its financial reporting. Costco reports ‘material weakness’ in internal financial controls 2018-10-04T04:00:00Z The draft audit says the senior management at UN Environment "fostered an organisational culture that defied established internal control systems". Report slams 'high flying' UN chief 2018-09-21T04:00:00Z He’s overhauled management and internal controls, and traveled the country espousing a commitment to treating customers right. Gary Cohn says he's not in talks to become the next Wells Fargo CEO — but the rumors are revealing 2018-09-19T04:00:00Z “Aside from strengthening its internal control requirements,” the statement said, China “has also continually extended espionage activities beyond its borders.” China Accuses Taiwan of Using Students for Espionage 2018-09-17T04:00:00Z The company said in a written statement Thursday it expects to report a material weakness over its internal controls, relating to its information-technology systems. Costco Reports Internal Control Issue, Sending Shares Lower 2018-10-04T04:00:00Z “We will continue to strengthen internal controls, anti-bribery and corruption compliance programs, and our oversight and training of teams worldwide.” Sanofi Pays $25 Million to Settle Bribery Charges 2018-09-04T04:00:00Z Among the issues the office cited were “a lack of internal controls,” a failure to reconcile account records and a failure to ensure that students begin attendance and are eligible to receive federal financial aid. Federal government tightens control of Howard University’s aid funds after reported lapses 2018-08-28T04:00:00Z Applicants will be required to prove that they have the capital and liquidity needed to carry out their plans and adequate security technology and internal controls to protect their customers and comply with financial laws. Online Lenders and Payment Companies Get a Way to Act More Like Banks 2018-07-31T04:00:00Z The auditors recommended that they do so, in accordance with federal standards for internal controls. 30 million taxpayers will owe more due to low withholding 2018-07-31T04:00:00Z Further inquiry, it said, revealed “huge loopholes in its internal control.” China Opens Corruption Probe at Vaccine Maker, Detains Executives 2018-07-24T04:00:00Z “While we do not comment on confidential discussions with our regulators, we are highly focused on strengthening our corporate governance and internal controls,” the company said. Exclusive: Dubai investigates Abraaj over alleged mismanagement -... 2018-07-04T04:00:00Z Capitol Police said that although the investigation found nothing to substantiate illegal computer access, it did uncover “violation of House IT internal controls” that would be referred to House officials for “administrative action.” Ex-congressional IT staffer reaches plea deal that debunks conspiracy theories about illegal information access 2018-07-03T04:00:00Z Thursday’s round of tests also included a “qualitative” assessment that evaluated whether banks have adequate internal controls and risk management systems to ensure they can detect potential problems before they escalate. Bank ‘Stress Tests’ Results Clear Way for Wall Street to Reward Investors 2018-06-28T04:00:00Z “We previously made policy and supervision changes related to this matter to improve internal controls.” Wells Fargo fined by SEC for brokers 'flipping' investments before they matured 2018-06-25T04:00:00Z The audit team will study the Statewide Uniform Registry of Electors, looking at its security measures, the accuracy of its records and the quality of its internal controls. State auditor to study security of Pennsylvania voter rolls 2018-06-11T04:00:00Z Federal Reserve were principally related to weaknesses in internal controls and infrastructure. Deutsche Bank gets key investor backing as rating cut casts doubt... 2018-06-01T04:00:00Z However, she said, stronger internal controls and adequate staffing “would help minimize the use of overtime and save District taxpayer dollars.” D.C. public employees’ overtime costs have more than doubled since 2011 2018-05-23T04:00:00Z As part of the settlement announced Tuesday, Goldman must provide regulators with enhanced written internal controls and an acceptable compliance program. Goldman Sachs agrees to pay $110M to settle forex probe 2018-05-01T04:00:00Z The letter includes a questionnaire about the trading platform’s ownership, trading policies, internal controls and privacy and money laundering, among others. New York seeks more information from crypto exchanges 2018-04-17T04:00:00Z “They both involve an allegation that a digital gatekeeper, with insufficient internal controls, drove for dominance by harming the ecosystem in which it operates,” said Rubin, who was an assistant U.S. attorney before joining Microsoft. facebook-microsoft 2018-04-14T04:00:00Z An internal investigation later widened the scope to include reporting periods going back to 2011, and found accounting errors and material weaknesses in the company’s internal control over financial reporting. Trucker Roadrunner Says New Financial Reports on Track 2018-04-02T04:00:00Z The agency is in the midst of “ongoing reviews and internal controls to more securely safeguard procurement and contracting processes,” she added. Drugs, lies, bribery exposed in Virginia’s transportation agency 2018-03-28T04:00:00Z Agency spokeswoman Jennifer S. McCord said in a statement the department is conducting reviews and internal control to better safeguard procurement and contracting processes. Virginia transportation agency faces corruption claims 2018-03-29T04:00:00Z William Poole, 57, an official of the World Bank for 28 years who for most of his career specialized in facilitating risk and opportunity internal control workshops, died Jan. 9 at a hospital in Washington. Washington-area obituaries of note 2018-03-16T04:00:00Z Walmart overlooked basic internal controls in its quest for growth, according to the lawsuit. Whistle-blower claims Walmart cheated in race with Amazon 2018-03-15T04:00:00Z ‘We are committed to resolving the material weaknesses and strengthening internal controls around DLA’s operations.’ Government wastes, loses billions and shrugs off losses 2018-02-07T05:00:00Z In addition, HSBC, a British bank, agreed to bolster its internal controls and admitted and accepted responsibility for wrongdoing as a part of a deferred prosecution agreement. HSBC to pay $101.5 million to settle price-fixing claims 2018-01-18T05:00:00Z The law also requires corporate officers to sign certifications, under penalty of perjury, attesting to their companies’ compliance with securities laws and maintenance of internal controls that work to identify violations. Opinion | The one best idea for ending sexual harassment 2017-12-08T05:00:00Z Accurate normalization of real-time quantitative RT-PCR data by geometric averaging of multiple internal control genes. Maternal age generates phenotypic variation in Caenorhabditis elegans 2017-11-28T05:00:00Z The cost of social harm and savings from improved internal controls and elimination of problematic and criminal employees is incalculable. State employees caught snoring on the job, riding in limousines, holding illegal raffles 2017-10-12T04:00:00Z Blann also discussed strong internal controls and how they can help deter potential risks of fraud. A roundup of recent Michigan newspaper editorials 2017-10-02T04:00:00Z “The Board levied the fine for deficiencies in HSBC’s oversight of, and internal controls over, FX traders,” said the Fed in a statement. Federal Reserve says fined HSBC $175 million for unsafe forex trades 2017-09-29T04:00:00Z In addition, she is looking to enhance internal controls in state agencies. Recent editorials published in Indiana newspapers 2017-09-05T04:00:00Z His instincts told him that if the country were relieved of excessive internal control and its long confrontation with the West, it would right itself under the continuing leadership of the party. How Mikhail Gorbachev ended the cold war 2017-08-31T04:00:00Z In addition to the fines, the Fed required BNP Paribas to create a “enhanced written internal controls and compliance program” and a plan to improve “compliance risk management.” How the Fed Is Flexing Its Muscles as a Banking Regulator 2017-08-28T04:00:00Z The new problem raises questions about Wells Fargo’s internal controls and its board’s oversight of company operations. Wells Fargo, Awash in Scandal, Faces Violations Over Car Insurance Refunds 2017-08-07T04:00:00Z “The Board levied the fine for deficiencies in HSBC’s oversight of, and internal controls over, FX traders,” said the Fed in a statement. Federal Reserve says fined HSBC $175 million for unsafe forex trades 2017-09-29T04:00:00Z Residents called for an audit through an online petition after The News Journal reported “the city council’s discretionary fund lacks internal controls and transparency.” Delaware city council requests state audit after criticism 2017-08-04T04:00:00Z Peloton was focused on the exercise bikes and online classes, whereas more mundane, yet fundamental things, like finance processes and internal controls, received little attention. CFO Tries to Keep Cycling Company From Spinning Its Wheels 2017-06-26T04:00:00Z It also required an audit and a review of the French bank’s internal controls. How the Fed Is Flexing Its Muscles as a Banking Regulator 2017-08-28T04:00:00Z "The national oil company will continue reinforcing its internal controls and implementing new mechanisms and procedures to ensure that situations like this do not occur again," the statement said. Portugal investigating fraud linked to Venezuela PDVSA funds, PDVSA says 2017-06-24T04:00:00Z The controller’s review found that the vast majority of South El Monte’s internal controls — almost 90% — were inadequate. Taxpayer money wasted on bar tabs, trips to Las Vegas and expensive electronics in South El Monte, audit shows 2017-05-25T04:00:00Z Wells Fargo suffers from a "long history" of "red-lining," and practices that reflect a "total breakdown of appropriate internal controls" similar to its creation of bogus customer accounts, the complaint said. Philadelphia sues Wells Fargo, alleges predatory lending 2017-05-15T04:00:00Z “We can be skeptical of the legitimacy of the internal control,” the Unicef report said. How a Tsunami in Japan Endangered Children in Cambodia 2017-05-15T04:00:00Z Again, in addition to the huge fine, the bank was told to review its “internal controls” to determine that they were “functioning effectively to detect, correct and report misconduct.” How the Fed Is Flexing Its Muscles as a Banking Regulator 2017-08-28T04:00:00Z The audit found the unit lacked oversight and disregarded internal controls, leading to unaccounted-for and misspent donations. Audit finds mismanagement at LA child welfare donation unit 2017-05-14T04:00:00Z The audit’s findings, released last week, show that the unit lacked oversight and disregarded internal controls, leading to unaccounted-for and misspent donations. County considers disbanding child welfare donation unit after audit finds toys, funds unused and mismanaged 2017-05-14T04:00:00Z Lafarge said it would create an ethics and integrity committee to strengthen compliance, internal controls and risk management. Lafarge Scandal Points to Difficulty for Businesses in War Zones 2017-04-24T04:00:00Z Under the terms of its agreement, it had to toughen up internal controls and stay in line with the US' tough anti-corruption laws. Shell admits dealing with money launderer - BBC News 2017-04-10T04:00:00Z "Needless to say that I would certainly not accept banks booking all exposures with the euro area entity while having their risk management and internal control systems outside the euro area," she said. European regulators offer Brexit sweeteners to investment banks 2017-04-10T04:00:00Z By late last month, auditors wrote that staff “believes” the discrepancies “were the result of inadequate record keeping and the lack of adequate internal controls” in Todd’s campaign. Audit finds D.C. Council member cannot substantiate $100K in contributions 2017-04-07T04:00:00Z Of the apparent pattern in recent years, Nichols acknowledged that the department’s attention had drifted away from internal controls. County considers disbanding child welfare donation unit after audit finds toys, funds unused and mismanaged 2017-05-14T04:00:00Z As part of that settlement, it agreed to continue internal controls to identify potential diversion or abuse. City says drugmaker knowingly let pills flood black market 2017-03-14T04:00:00Z Toshiba is also due to submit this week a report to the Tokyo Stock Exchange on its internal controls in the wake of its latest financial woes as well the 2015 accounting scandal. Toshiba shares dive after second earnings extension sought 2017-03-13T04:00:00Z Several internal audits have found a variety of problems with internal controls. At cost-plagued UW dentistry school, deficit now totals $35 million 2017-03-12T05:00:00Z In addition, it must also submit next week a report to the Tokyo Stock Exchange on its internal controls in the wake of its latest financial woes as well as a separate 2015 accounting scandal. Toshiba's Westinghouse brings in bankruptcy lawyers; disclosure deadlines loom 2017-03-09T05:00:00Z Environmental Protection Agency watchdog plans to review whether the agency's internal controls are effective at detecting vehicle emissions fraud, the EPA's Office of Inspector General said. EPA auditor to review emissions testing checks after VW case 2017-03-08T05:00:00Z Ford issued a statement saying internal controls over his expenses were weak. CEO Ford repays Regional Transit Authority nearly $19,000 2017-03-02T05:00:00Z The Black Box kept billions of dollars in commercial real estate loans “outside the prying and meddling eyes of its regulators, shareholders, and risk management, internal control and accounting personnel,” the lawsuit said. Score One for the Bank Whistle-Blowers 2017-02-24T05:00:00Z “Those internal control problems weren't unique to California,” he said. Pentagon says it will waive bonus repayments for vast majority of California National Guard soldiers 2017-01-03T05:00:00Z Since taking over last year, Mr. Cryan has preached simplicity, less risk, better internal controls and reduced reliance on derivatives. Deutsche Bank Flew and Fell. Some Paid a High Price. 2016-12-30T05:00:00Z In a memo dated Monday, the inspector general said it will "begin preliminary research to determine whether the EPA’s existing internal controls are effective at detecting and preventing" light- and heavy-duty vehicle emissions fraud. EPA auditor to review emissions testing checks after VW case 2017-03-08T05:00:00Z Shares in Toshiba, which remains on the Tokyo bourse’s watch list because of concerns about the firm’s internal controls, finished 12 percent lower Tuesday, giving it a market value of about $14.2 billion. Toshiba may lose billions of dollars on troubled U.S. nuclear power deal 2016-12-27T05:00:00Z People with those mutations have no internal controls on their fat and grow enormously obese. After Weight-Loss Surgery, a Year of Joys and Disappointments 2016-12-27T05:00:00Z The group defended its leadership but said it hired an outside firm to review its internal controls. Alibaba, Labeled ‘Notorious,’ Faces Growing Pressure Over Fakes 2016-12-22T05:00:00Z It opted instead to tighten internal controls against fraud, officials said. Army audits find National Guard bonus repayment problems in at least four other states 2016-12-14T05:00:00Z As part of the investigation, the company is also examining its accounting practices, internal controls and disclosure practices, Mr. Brennan said. Alexion Names New CEO and CFO After Company’s Leadership Leaves 2016-12-12T05:00:00Z Meadows called the August report “alarming” and told a top patent official that “internal controls are lacking” to monitor fraud. “I want an accountable workforce going forward,” he said. Clash over patent-office fraud a sign of what’s to come for federal workers 2016-12-08T05:00:00Z The company disclosed material weaknesses in its internal controls when it finally filed its annual report. In Abbott’s Bid to Halt Purchase of Alere, the MAC Makes a Comeback 2016-12-07T05:00:00Z “Leaders that did not take decisive action to implement internal controls were held accountable,” he said. The sergeant who went to jail for the California National Guard bonus scandal says others share the blame 2016-12-07T05:00:00Z One of OCC's priorities after the crisis was to encourage big banks to improve various internal controls, including their risk management and internal auditing systems. Wells Fargo must now get permission before handing executives ‘golden parachutes’ 2016-11-22T05:00:00Z The audit said “weak internal controls,” including a lack of written polices, led to the state health department mistakes. APNewsBreak: Feds: NY was overpaid for health exchange setup 2016-11-22T05:00:00Z The firm’s internal controls were so weak that not a single referral hire request was denied.” JP Morgan Chase to pay $264m over Chinese 'princelings' bribery scheme 2016-11-17T05:00:00Z The company’s internal controls weren’t robust enough to prevent the fraud, or even to find it. As China Battles Corruption, Glaxo Lands in the Cross Hairs 2016-11-01T04:00:00Z The pervasive opening of sham accounts, a practice in a division overseen by Carrie Tolstedt, also a top Wells Fargo executive, would certainly seem to qualify as fraud relating to the bank’s internal controls. Wells Fargo Needs to Make a Clean Break With the Past 2016-10-14T04:00:00Z In response, Ms. Yellen emphasized that regulators will hold financial institutions to “exceptionally high standards of risk management, internal controls, consumer protection.” House Panel Questions Fed Chief on Wells Fargo Scandal 2016-09-28T04:00:00Z Ms. Yellen responded that regulators would hold financial institutions to “exceptionally high standards of risk management, internal controls, consumer protection.” California Suspends Ties With Wells Fargo 2016-09-28T04:00:00Z The San Francisco-based bank has repeatedly apologized and said it had fired 5,300 employees for misconduct and put in place more stringent internal controls. Wells Fargo CEO steps down in wake of sham accounts scandal 2016-10-12T04:00:00Z When the one-year period is up, both states will re-evaluate their relationship with Wells Fargo and review whether the bank has put in place proper internal controls. Hillary Clinton piles on Wells Fargo's 'egregious' sales practices 2016-10-03T04:00:00Z Och-Ziff also agreed to retain a compliance monitor for three years to ensure it stays within the law and promised to strengthen its internal controls to guard against future violations. Och-Ziff May Face Consequences Beyond Fine in Bribery Case 2016-10-03T04:00:00Z The San Francisco-based bank has repeatedly apologized for the scheme and said it had fired 5,300 employees for misconduct and put in place more stringent internal controls. Wells Fargo CEO to forfeit $41 million in performance pay after sales scandal 2016-09-27T04:00:00Z Federal Reserve's 'stress test' would be exempted from a key portion of the review that examines risk management and internal controls under a proposal outlined on Monday. Fed outlines which banks would get 'stress test' relief 2016-09-26T04:00:00Z He wants the S.E.C. to examine whether the bank violated internal control provisions of the Sarbanes-Oxley Act by failing to stop the “widespread fraud.” Elizabeth Warren Accuses Wells Fargo Chief of ‘Gutless Leadership’ 2016-09-20T04:00:00Z Nu Skin said it agreed to pay $765,688 to the SEC after the agency found the company's books and internal controls related to the donation were insufficient. Skincare products maker Nu Skin settles SEC probe 2016-09-20T04:00:00Z Many commentators have criticized Wells for lax internal controls, or its excessively steep incentive system or a bad corporate culture. The Real Wells Fargo Problem 2016-09-19T04:00:00Z “Where were the internal controls? This stuff was not sophisticated,” said Sheila Bair, former head of the Federal Deposit Insurance Corp., a banking regulator. ‘It goes well beyond Wells Fargo’: Concerns grow over sales tactics in banking industry 2016-09-16T04:00:00Z The auditor advised the city to conduct an investigation into its internal controls. South El Monte city manager resigns after bribery scandal involving mayor 2016-08-24T04:00:00Z Hain said it did not expect the accounting problem to have an impact on the total amount of revenue the company had recognized, but it said it was assessing its internal controls over financial reporting. Bloated Pay Came Before Hain Celestial’s Error 2016-08-19T04:00:00Z “There are broad ranges of internal controls aimed at ensuring that assets reach their intended beneficiaries and are used in compliance with applicable laws and donor requirements,” said Ms. Colin. Mohammed El Halabi’s arrest by Israel imperils World Vision’s Palestinian charity missions 2016-08-07T04:00:00Z Wells Fargo's internal control system did not fail. The Real Wells Fargo Problem 2016-09-19T04:00:00Z Last year, PwC agreed to pay $65 million to settle a separate lawsuit claiming the accounting firm failed to properly audit MF Global’s internal controls before its collapse. Judge Says MF Global Lawsuit Against PwC Can Proceed 2016-08-05T04:00:00Z It said it doesn’t expect the changes to be material, but that its internal investigation is likely to spark a finding of material weakness in the company’s internal controls. Alere Faces Criminal Probe Over Medicare, Medicaid Billing 2016-07-27T04:00:00Z Earlier this month, the country’s main bank regulator issued a letter to banks calling on them to ensure adequate internal controls on mortgage underwriting, including properly verifying borrowers’ incomes. As Rates Sink, Housing Bubbles Rise 2016-07-16T04:00:00Z Newcastle had suffered a “material weakness” in internal controls two years earlier and received a “financial health grade” of D from the independent investment research firm Morningstar. How Private Equity Found Power and Profit in State Capitols 2016-07-14T04:00:00Z Regulators raised concerns over the company’s internal controls and processes. Nearly All U.S. Banks Pass Fed’s Stress Test 2016-06-29T04:00:00Z A 1987 investigation that found theft resulting from weak management and a lack of internal controls. Hired to Clean Up Boxing, but Pushed Out of His Role 2016-06-23T04:00:00Z The report says more than $58 million in funds may not be administered efficiently and effectively without adequate internal controls and oversight. EPA report: Need better internal controls in Mariana Islands 2016-06-20T04:00:00Z Chetna is certified by Fair Trade USA, the Global Organic Textile Standard and Fairtrade International, and it maintains stringent internal controls. With Organic Cotton and Online Ads, Boll & Branch Helps Indian Farmers 2016-06-16T04:00:00Z But creating a system that is at once generous and disciplined by strong internal controls should be possible. Hustling Dollars for Public Health 2016-06-02T04:00:00Z The liquidity requirements to be suggested as part of the enhanced standards will likely involve stress-testing, cash flow projections, contingency plans to manage liquidity stress events, and internal controls, he added. Fed official: rules for 'too big to fail' insurance firms coming soon 2016-05-20T04:00:00Z Lawyers at the State Department redacted most of a reference to an audit, conducted in 2007, that found “inadequate internal controls” in the athletic commission’s collection of revenue from licensing fees. Hired to Clean Up Boxing, but Pushed Out of His Role 2016-06-23T04:00:00Z The EPA inspector general said in a report released Monday the commonwealth’s Department of Environmental Quality and the Commonwealth Utility Corporation need to improve their internal controls. EPA report: Need better internal controls in Mariana Islands 2016-06-20T04:00:00Z Despite a letter sent to investors detailing new measures to strengthen internal controls, shares were down 11% shortly after 9:30 a.m. Lending Club faces Justice Department investigation, and its shares dive 2016-05-17T04:00:00Z Despite a letter sent to investors Tuesday detailing new measures to strengthen internal controls, shares tumbled 12 percent. Shares of LendingClub, which forced out its founder last week, are plunging after the U.S. Department of Justice opened an investigation and the company raised fresh concerns about funding 2016-05-17T04:00:00Z Southern said it believes the probe is focused on “accounting matters, disclosure controls and procedures, and internal controls over financial reporting.” Southern’s Clean-Coal Woes Mount 2016-05-14T04:00:00Z The group’s board said it will hire an independent firm to review and recommend ways to improve its internal controls. Alibaba Suspended From Anticounterfeiting Group 2016-05-13T04:00:00Z The company noted management determined that internal control over financial reporting wasn't effective. Valeant files overdue financial report, ending debt default, but its troubles aren't over 2016-04-29T04:00:00Z There are several ways to gain internal control, but one of the most powerful—and seemingly non-obvious—ways is to lead a healthier lifestyle. 7 Ways You're Thwarting Your Own Happiness 2016-04-26T04:00:00Z Last month, SunEdison again delayed the filing of its annual report, citing the discovery of “material weaknesses in its internal controls over financial reporting.” SunEdison Files for Chapter 11 Bankruptcy Protection 2016-04-21T04:00:00Z A federal jury in March 2015 cleared Gault of trying to fraudulently inflate Heart Tronics' stock price, but found him liable for filing false certifications with the SEC and circumventing the company's internal controls. Ex-NFL star Gault to pay fine, ending SEC fraud case 2016-04-15T04:00:00Z Earlier this month, the company delayed filing its full-year results because it found “material weaknesses in its internal controls over financial reporting.” SunEdison stock plunges amid reports of possible bankruptcy filing, SEC probe 2016-03-29T04:00:00Z “These deficiencies are the basis of our determination that IRS had a significant deficiency in internal control over financial reporting in its information security in fiscal year 2015,” investigators concluded in their public report. IRS still vulnerable to hackers: GAO 2016-03-28T04:00:00Z The bank is expected to detail better internal controls for correspondent accounts and ensure adequate compliance staff with expertise about it. NY regulators reach compliance agreement with Korean bank 2016-03-02T05:00:00Z Marvell's audit committee, however, concluded that the company's internal controls were not fully followed and revenue was recognized prematurely for some transactions. Marvell says audit committee finds no accounting fraud 2016-03-01T05:00:00Z The Moores say they believe the report details faulty internal controls like those they encountered when trying to modify their loan. The Chemist Who Took On HSBC 2016-02-29T05:00:00Z The board committee is continuing to review the accounting matters and to assess the impact on financial reporting and internal controls, Valeant said. Valeant CEO Pearson to return effective immediately, results delayed 2016-02-28T05:00:00Z He also cited a need to improve Valeant’s “reporting procedures, internal controls and transparency.” Valeant CEO Michael Pearson Returns From Medical Leave 2016-02-29T05:00:00Z Interim Chief Executive Howard Schiller said Valeant is “committed to improving reporting procedures, internal controls and transparency for our investors.” Valeant Accounting Error Sparks Divergent Reactions 2016-02-24T05:00:00Z Securities and Exchange Commission staff intends to recommend an enforcement action for “violations of the books and records and internal controls provisions of the Exchange Act in connection with the investigation.” Mondelez Gets Wells Notice From SEC for Indian Cadbury Operation 2016-02-19T05:00:00Z “Breakdowns in internal controls and a weak control environment resulted in at least $146 million in improper first and business class travel governmentwide,” the report said. Golden Hammer: Audit finds USAID workers improperly flying first class 2016-02-04T05:00:00Z He said among his immediate priorities would be "improving Valeant's reporting procedures, internal controls and transparency." Valeant CEO Pearson to return effective immediately, results delayed 2016-02-28T05:00:00Z In some cases, the system, known as the Bureau of Asset Management, does not even have the internal controls necessary to ensure individuals cannot circumvent compliance, the report concluded. New York City’s Pension System in Danger of ‘Operational Failure,’ Report Says 2016-01-26T05:00:00Z Ratings agency rules from 2007 and 2010 were intended to diminish potential conflicts of interest at these companies, improve their internal controls and create new standards of training, experience and competence. Ratings Agencies Still Coming Up Short, Years After Crisis 2016-01-08T05:00:00Z The agency had been faulted by federal authorities for misuse of force against juvenile detainees and for poor internal controls on employee conduct. L.A. County probation agency chief steps down amid allegations of a romantic relationship with aide 2015-12-15T05:00:00Z In the bank’s original submission in March, the Fed found weaknesses in some of its loss and revenue projections and in its internal controls. Bank of America Gets Fed’s Approval of Resubmitted Capital Plan 2015-12-10T05:00:00Z Auditors recommended that Hoveround refund the $27 million to the federal government and implement internal controls to ensure beneficiaries meet Medicare requirements before they receive power wheelchairs. GOLDEN HAMMER: Taxpayers on hook for Medicare payments for unnecessary scooters 2015-12-03T05:00:00Z Regulators said bank employees developed ways to hide the nature of the transactions from internal controls intended to flag problematic payments. Deutsche Bank to Pay $258 Million and Fire 6 in Settlement 2015-11-04T05:00:00Z M&T asked the Fed to postpone its review of the application until it bolstered its internal controls, and the regulator agreed, according to the Fed. M&T Bank Completes Acquisition of Hudson City After 3-Year Delay 2015-11-02T05:00:00Z The delay was caused by the Fed’s concerns about M&T’s internal controls. KeyCorp to Acquire First Niagara Financial for $4.1 Billion 2015-10-30T04:00:00Z “You want clearly established rules that an operator of these sites follows so they’re exposed to scrutiny independent of their own internal controls,” Mr. Zalewski said. Illinois to Introduce Bill to Regulate Daily Fantasy Sports 2015-10-26T04:00:00Z Auditors also found significant problems with internal control over financial reporting and mistakes in tracking capital assets. Idaho AG: Boise County employee stole nearly $47K 2015-10-07T04:00:00Z In a prepared statement, FanDuel said it was bringing in outside experts to help establish internal controls. Critics Raise Heat on Sports-Fantasy Sites DraftKings, FanDuel 2015-10-07T04:00:00Z "One thing I find grossly troubling about DraftKings is they spend so much time and money advertising and a lot less time in internal controls and operating in a risk averse manner." Early lineup release raised questions about transparence of daily fantasy contests 2015-10-05T04:00:00Z The allegations first arose in 2013, Kinross said, when the company was told of “improper payments made to government officials and certain internal control deficiencies” at its West Africa facilities. SEC, Justice Department Investigate Corruption Allegations at Kinross Gold 2015-10-03T04:00:00Z “Equally breathtaking is that the fraud went on for years under PwC’s watch, who repeatedly endorsed the integrity of Petrobras’ internal controls and financial reports. Bill and Melinda Gates Foundation Sues Petrobras, Auditor for Fraud 2015-09-25T04:00:00Z The bank also said it was reviewing its internal controls, which are designed to prevent transfers of money that violate international money-laundering rules. Deutsche Bank Considering Closing Operations in Some Countries 2015-09-11T04:00:00Z In a typical deferred prosecution agreement, a company pays a fine, accepts a set of facts spelling out its criminal conduct and bulks up its internal controls. Corporate Prosecution Deals Headed for a Legal Test 2015-09-07T04:00:00Z The state Energy Department agreed with the findings and said it would address them by resolving the questioned costs, working to recover payments that exceeded actual costs and developing internal controls to address oversight weaknesses. Two Md. nonprofits overcharged U.S. government, misused grant money, auditors say 2015-08-04T04:00:00Z The firm settled the charges by agreeing to pay the fine and to hire a consultant to implement internal controls without admitting or denying guilt. Proxy-Solicitation Firm Under Investigation for Illegally Obtaining Confidential Information 2015-08-02T04:00:00Z Again, on this year’s stress test, Bank of America received only conditional approval because of concerns about weakness in internal controls around capital planning. Executive Departure Draws Attention to Bank of America’s Growth Strategy 2015-07-27T04:00:00Z In a newly released study, the GAO says that internal controls for exempt organization audit selection should be strengthened. No IRS Targeting, Mr. President? GAO Report Says There Was, Still Is 2015-07-24T04:00:00Z The company added that since 2010, it improved its internal controls, policies and procedures and that a government-appointed compliance monitor would test and report on them over the next three years. New Jersey company to pay $17.1 million fine to settle bribery charges 2015-07-17T04:00:00Z Investigators attributed the rising debt to ineffective internal controls, including inadequate policies for debt collecting, reporting, training and oversight. GOLDEN HAMMER: Transportation Department debt delinquency rate rises, record-keeping shoddy 2015-07-16T04:00:00Z Metro also “is not currently monitoring the achievement of its financial management internal control objectives in a manner to achieve maximum results.” Metro not ready to be released from federal financial restrictions, report says 2015-07-15T04:00:00Z A deficiency, as defined by the PCAOB, means the audit firm hadn’t obtained enough evidence to support its approvals of a company’s financial statements and internal controls. Some Ernst & Young Audits Had Deficiencies, PCAOB Says 2015-06-30T04:00:00Z As part of the agreement, IAP will be required to conduct a review of existing internal controls and ensure a rigorous anti-corruption compliance program, the Department of Justice said. Florida defense company to pay $7.1 million to settle U.S. bribery probe 2015-06-16T04:00:00Z The board, CtW wrote, should consider “whether E&Y responded appropriately after obtaining evidence of illegal acts and serious internal control deficiencies.” Pension adviser says Ernst & Young was aware of Wal-Mart Mexico bribery allegations 2015-05-25T04:00:00Z Risk management is also playing a greater role in achieving business objectives through the development of an efficient, business minded operational risk management framework, which extends beyond risk models or definition of internal controls. Insurers Increasing Reliance on Risk Management to Combat Emerging Risks and Digital Disruption 2015-05-22T04:00:00Z As Wednesday’s GAO report notes, Metro “did not maintain effective internal control over its compliance with FTA’s financial management system requirements.” Metro not ready to be released from federal financial restrictions, report says 2015-07-15T04:00:00Z “Without an internal audit function, there is limited assurance as to the adequacy and effectiveness of management’s internal control system and related processes.” Audit: Indiana Bureau of Motor Vehicles used ambiguous fees 2015-05-11T04:00:00Z The bank is increasing internal controls after enduring a string of scandals and paid billions in penalties to regulators around the world. HSBC first quarter pretax profits up 4 percent 2015-05-05T04:00:00Z The internal controls failed under Schultz, and the city made changes “to ensure that that type of circumvention of the process does not occur again,” he said. New Mexico auditor says ex-police chief got perks from Taser 2015-05-01T04:00:00Z This year, United States regulators criticized what they said were poor internal control systems at the bank. Deutsche Bank Details Steps It Is Taking to Reorganize 2015-04-27T04:00:00Z “These recommendations will serve to guide the improvements that are necessary to reestablish and maintain an effective internal control system and support Metro’s financial stability objectives,” Requa said. Metro not ready to be released from federal financial restrictions, report says 2015-07-15T04:00:00Z Keller says his office will provide additional oversight to ensure corrective actions are taken to address the deficiencies in internal controls that were found. State auditor working with Santa Fe on park bonds 2015-04-18T04:00:00Z The audit found that “the lack of adequate internal controls increases the risk of fraud, waste and abuse.” Kentucky utility settles overbilling case with prosecutors 2015-04-13T04:00:00Z I think we are piecing together a different set of approaches to try to deal with what has been the breakdown of internal control, of internal responsibility. Hillary Clinton, First Lady: Newsweek's 1993 Cover Story 2015-04-11T04:00:00Z They say despite deficiencies in internal controls, the agency received an unqualified clean audit. 2 more Habitat for Humanity of Cleveland officials resign 2015-04-09T04:00:00Z However, largely in order to maintain a rural labor force, the Soviet authorities put in place draconian forms of internal control. The Last Man In Russia Will Probably Live In A City 2015-04-07T04:00:00Z "As proved at trial, as CEO of a public company, Willie Gault filed false certifications with the SEC and knowingly circumvented the company's internal controls," he said in a statement. Jury clears ex-NFL player Gault of purposely defrauding investors 2015-03-18T04:00:00Z The Fed observed that there were “weaknesses in certain aspects of Bank of America’s loss and revenue modeling practices and in some aspects of the BHC’s internal controls.” Fed Stress Test Winners And Losers 2015-03-13T04:00:00Z Commerzbank also agreed to implement rigorous internal controls and to cooperate fully with the Justice Department, including by reporting criminal conduct by employees. Commerzbank Pays $1.45 Billion To Settle U.S. Criminal Case, Defer Prosecution 2015-03-12T04:00:00Z The bank admits responsibility for the violations and promised to establish strict internal controls. Commerzbank paying $1.71B to settle cases on US sanctions 2015-03-12T04:00:00Z The Fed’s qualms with the Charlotte, North Caroline based bank included “weaknesses in certain aspects of Bank of America’s loss and revenue modeling practices” and other internal controls. Citi Finally Wins Fed Approval For Capital Plan, Hikes Dividend To 5 Cents 2015-03-11T04:00:00Z The Fed said that it found “numerous and significant deficiencies” in the Deutsche Bank unit’s attempts to identify risks, to project losses and revenues, as well as in its internal controls. U.S. Banks Pass Stress Tests, but Not Without Some Checkmarks 2015-03-11T04:00:00Z For example, the bank carried out a financial crime risk mitigation program intended to strengthen its internal controls. Standard Chartered Profit Fell 37% in 2014 2015-03-04T05:00:00Z Chinese e-commerce giant Alibaba Group Holding will file a formal complaint against the director of a Chinese government agency that accuses it of lax internal control and not paying enough attention to removing fake goods. China Accuses Alibaba of Lax Merchant Control, Tells It To Stop Being Arrogrant 2015-01-28T05:00:00Z Hong Kong-based Birmingham International Holdings said it would consider setting up an investigation committee to examine the suspected misappropriation and determine how to improve its internal controls. Birmingham City FC owner fears fraud 2015-01-19T05:00:00Z The audit recommends that the office review its internal controls over those funds and take steps to strengthen them. St Tammany Public Defender’s Office ex-worker arrested 2014-12-22T05:00:00Z The board needs to assure there are internal controls in place to protect the corporation’s cyber assets. Why It's Time For A Board-Level Cybersecurity Committee 2014-12-27T05:00:00Z Alstom pleaded guilty to two counts under the anticorruption act — falsifying records and failing to implement internal controls — in a Monday filing with the U.S. Power giant Alstom to pay record $772 million to settle bribery charges 2014-12-22T05:00:00Z Under the agreement with the federal government, Alstom pleaded guilty to violating the Foreign Corrupt Practices Act by falsifying its books and records and failing to put adequate internal controls into effect. Alstom to Plead Guilty and Pay U.S. a $772 Million Fine in a Bribery Scheme 2014-12-22T05:00:00Z Avon is also subject to a deferred prosecution agreement requiring it to adopt "rigorous" internal controls and avoid further violations for three years before the case will be dropped. Avon unit pleads guilty to bribing Chinese officials 2014-12-17T05:00:00Z Rheinmetall says the division was accused of "failing to detect and prevent suspicious payments to sales partners due to inadequate internal controls." German defense company fined over Greek arms deals 2014-12-10T05:00:00Z It credited the bank with helping it strengthen its internal controls and governance. Morgan Stanley pushed murky China stock to market 2014-11-13T05:00:00Z “I will also establish internal control for better accountability for all aspects of county finances.” Neshoba supervisors hire CFO, inside auditor 2014-11-07T05:00:00Z Forn said he's now working with the auditor to attempt to recover what they mistakenly paid AT&T and added that a financial software update should tighten the district's internal controls. School district: $81K spent because old phone service not canceled 2014-11-04T05:00:00Z They will also need to continue making progress on an improved compliance program and company internal controls designed to prevent violations of the Foreign Corrupt Practices Act. Bio-Rad paying $55 million to resolve U.S. bribery claims 2014-11-03T05:00:00Z Adviser reports show that Afghanistan’s Ministry of Defense is only “in the early stages of developing their internal control program,” Gen. Mizusawa said. Afghanistan anti-corruption task force shuttered amid U.S. troop drawdown 2014-10-20T04:00:00Z “It’s how you set up internal control apparatuses so money is not stolen in the first place.” Candidates for NY comptroller square off in debate 2014-10-15T04:00:00Z The audit reports found material weaknesses in internal controls, which puts the school corporation at high risk of being audited, Birr said. Material weaknesses cited in Muncie school audits 2014-10-11T04:00:00Z People close to the situation attributed the scandal to an internal control problem within GSK China. Three Take-Home Messages from China's Glaxo Verdict 2014-09-25T04:00:00Z One Tesco shareholder said: “There are going to be questions about internal controls, oversight of the processes that were in place and the role of the auditor.” Tesco loses £2bn in value as profit overstatement investigation begins 2014-09-22T04:00:00Z Our auditor would say it was our sloppiness in internal controls. Charlie Munger And The 2014 Daily Journal Annual Meeting: A Fan's Notes 2014-09-19T04:00:00Z That destructive storm forced the overwhelmed agency to relax internal controls to speed up relief efforts, which led to huge numbers of people getting money they shouldn’t have received. FEMA wants at least $5.8M in Sandy aid repaid 2014-09-11T04:00:00Z Superintendent Tim Heller acknowledged that internal controls over financial reporting and federal spending “were a little loose.” Material weaknesses cited in Muncie school audits 2014-10-11T04:00:00Z And values get far better mileage than internal control updates and policy or personnel changes. Are We All GM? Take the Quiz... 2014-09-10T04:00:00Z And federal auditors raised concerns about the internal controls used at Access Health, as well as the exchanges run by California and the federal government. There’s finally someone in charge of HealthCare.gov Nearly 1,000 Access Health customers lost their insurance coverage because of a programming flaw, and federal auditors suggested that the exchange needed better internal controls. Meet Kevin Counihan, The New 'Obamacare CEO' 2014-08-26T04:00:00Z In effect, Citi created a range of rules and internal controls to try to stop the kind of fast-and-loose practices in its research department that landed the bank in legal trouble. Why Can’t the Banking Industry Solve Its Ethics Problems? 2014-07-29T04:00:00Z "GSK has been engaging in multiple corrupt and illegal practices in Syria and its internal controls for its Syrian operation are virtually non-existent," the email said. Exclusive: Allegations of GSK corruption spread to Syria 2014-07-24T04:00:00Z You are getting audits and putting in internal controls. Startup Phases And The Turning Of The Team 2014-07-22T04:00:00Z And federal auditors raised concerns about the internal controls used at Access Health, as well as the exchanges run by California and the federal government. There’s finally someone in charge of HealthCare.gov The state report recommends that school officials strengthen internal controls, reconcile ticket sales with deposits and improve cash handling procedures. State releases audit of Hawkeye Express 2014-07-18T04:00:00Z Last year, the firm delayed vesting by 18 months to address flawed internal controls exposed by botched derivatives bets. Business digest: GM’s Barra draws pointed questions from Senate panel As of Dec. 31, 2012, management concluded the internal controls weren’t effective: A Social Network with No Members, But a $4 Billion Valuation - Digits - WSJ 2014-07-10T04:00:00Z Board members were aware of but chose to disregard Charney's behavior "despite numerous red flags," and failed to properly supervise the Los Angeles retailer's management or internal controls, the suit alleges. American Apparel shareholder sues Charney, board members 2014-07-07T04:00:00Z “The problem is always caused by the same lack of internal controls,” he said. Golden Hammer: Postal workers caught using travel cards for personal food as costs of mailing rise 2014-07-03T04:00:00Z They cited concerns over "internal controls" for verifying Social Security numbers, citizenship status and a person's eligibility to purchase health insurance through the insurance websites, or exchanges, according to the Washington Post. 2.6 Million 'Inconsistencies' in Federal Insurance Applications 2014-07-01T04:00:00Z GSK has previously apologised for employees in China apparently acting outside of its internal controls, but has denied that the sums of money were anything like as high as those alleged to have been paid. Sex tape adds to GSK China scandal 2014-06-30T04:00:00Z In the risk factors section of the IPO filing, there is the standard filing language about required internal controls over financial reporting. A Social Network with No Members, But a $4 Billion Valuation - Digits - WSJ 2014-07-10T04:00:00Z While each situation is unique, common factors contributing to inappropriate behavior include a sense of entitlement to maintain lifestyle, trying to live up to performance expectations and inadequate internal controls. EYVoice: 4 Myths About Family Business Fraud 2014-06-27T04:00:00Z Last month it was fined 26 million pounds for past failures in internal controls that allowed a trader to manipulate the setting of gold prices. Barclays enlists outside help in dark pools probe 2014-06-27T04:00:00Z The document had been delayed amid a review of internal controls over financial reporting. Charles Munger's Daily Journal dismisses Ernst & Young after dispute 2014-06-26T04:00:00Z He said VIPs no longer had open access to hospitals and had to be registered at every visit, and internal controls had been strengthened. Jimmy Savile's victims were aged five to 75 at Leeds hospital, inquiry finds 2014-06-26T04:00:00Z Another possible violation concerns the requirement for publicly traded companies like G.M. to maintain adequate internal controls so that they properly reflect assets and liabilities on the corporate books and records. Justice Dept. Takes Hard Look at G.M.'s Handling of Issues 2014-06-16T04:00:00Z “It was the jewel in Citi’s crown, yet it lacked internal controls.” Tabasco sauce 2014-06-05T04:00:00Z The government generally pushes for stronger internal controls, like compliance programs and, often, a purging of employees involved. After Bribery Scandals, a Pattern of Quiet Departures at Walmart 2014-06-04T04:00:00Z "The company believes that its internal control over financial reporting was effective," Daily Journal said in the filing. Charles Munger's Daily Journal dismisses Ernst & Young after dispute 2014-06-26T04:00:00Z If angels were to govern men, neither external nor internal controls on government would be necessary. – Am I The Only Techie Against Net Neutrality? 2014-05-14T04:00:00Z That investigation is focusing in part on whether holes in the bank’s internal controls contributed to the fraud. Citigroup Says It Has Fired 12 in Mexico Over Fraud 2014-05-14T04:00:00Z The Fed found “inadequate governance and weak internal controls” in the firm’s capital planning process, although it took no issue with the bank’s capital itself. Citizens Bank Faces a Stormy Spinoff 2014-05-13T04:00:00Z Each of them highlighted the same risks, potential fraud in revenue recognition and possible overriding of internal controls. High & Low Finance: Holding Auditors Accountable 2014-05-08T20:17:24Z Although Ernst & Young faulted Daily Journal's internal controls, the auditor did sign off on the company's financial statements. Charles Munger's Daily Journal dismisses Ernst & Young after dispute 2014-06-26T04:00:00Z The bank’s inability to estimate accurately its mortgage loan liabilities and its legal costs related to those loans are other examples, he said, indicating a potential weakness in its internal controls. Fair Game: At Bank of America, a $4 Billion Wet Blanket on the Party 2014-05-03T17:32:15Z Last month, Citigroup was the biggest US bank to fail the Fed's test, after the central bank cited concerns about Citigroup's internal controls. Bank of America shares drop on error 2014-04-28T19:43:52Z He did write in the Federalist Papers, a series of essays urging the ratification of the constitution, that “If angels were to govern men, neither external nor internal controls on government would be necessary.” Lexington: Because men are not angels 2014-04-24T15:01:05Z “Features of the online service allowed for strengthening internal controls. Calendar year 2012 was the last administration.” New York City Gets Selective About Shell Casings Buyer 2014-04-23T02:07:58Z The development widens the global probe to a second central bank, after the Bank of England suspended an employee earlier this year pending an investigation into compliance with its "rigorous internal control processes". Deutsche Bank employee was suspended over Singapore central bank communication: source 2014-04-10T09:19:33Z The Justice Department said it acknowledged "extensive anti-corruption remedial efforts" the company undertook, including disciplining culpable employees and improving the company's internal controls. HP pays $108 million to settle foreign bribery probes 2014-04-09T18:46:26Z The investigation, overseen by the FBI and prosecutors from the United States attorney's office in Manhattan, is focusing on whether holes in Citigroup's internal controls contributed to the fraud in Mexico, the newspaper reported. Citigroup faces criminal probe for fraud at Mexico unit: source 2014-04-03T18:37:57Z Those included specific problems in governance, internal controls, risk management and its assumptions and analysis that support capital planning. Santander says U.S. unit capital levels sufficient 2014-04-01T09:35:21Z Those charges included admitting that its internal controls broke down when senior management did not deal with the situation properly by failing to promptly disclose the scope of the losses. DealBook: Ordinary Decisions With Not So Ordinary Consequences 2014-03-31T15:55:08Z The Fed's criticism of internal controls, risk-identification and other planning elements at the foreign banks underscores regulators' concerns about the safety of those firms' operations in the United States. Fed bars shareholder payouts from Citi, four others 2014-03-27T01:55:52Z It is a setback for Citigroup boss Michael Corbat who was brought in to bolster internal controls after the bank failed stress tests two years ago. Fed rejects Citi share buyback plan 2014-03-26T22:48:57Z For disbursements, internal control plays a part too. Why Am I Not Using PayPal? 2014-03-24T15:15:00Z Despite Dodd-Frank’s invitation to set standards ensuring that internal controls were in place, the S.E.C. declined to make any prescriptions in its proposal, choosing instead to defer that process. Fair Game: The Stone Unturned: Credit Ratings 2014-03-22T14:38:28Z The regulator found "material weaknesses" in UBS's internal controls and governance in managing the Hibor submission process and "in other areas", it said in a statement. UBS traders tried to rig key rate 2014-03-14T11:35:46Z Instead, the authority said it would require that UBS implement a plan within the next six months to correct weaknesses in its governance and internal controls. DealBook: UBS Attempted to Rig Interest Rate, Hong Kong Regulator Finds 2014-03-14T10:37:00Z The changes reflect the Vatican’s “formal commitment to adopting accounting standards and generally accepted financial management and reporting practices, as well as enhanced internal controls, transparency, and governance,” the statement said. Pope Francis Shakes Up the Vatican's Corporate Governance 2014-02-26T17:17:32Z But actually, there are four obstacles that stop my company, and my clients from doing this today: ease, integration, internal control and cost. Why Am I Not Using PayPal? 2014-03-24T15:15:00Z This refusal by the agency to provide direction to the industry on internal controls is troubling to Micah Hauptman, financial services counsel to the federation. Fair Game: The Stone Unturned: Credit Ratings 2014-03-22T14:38:28Z The audit, first reported by The Washington Post, also describes weak internal controls at Aguirre’s agency, the Office of the State Superintendent of Education, which manages the D.C. D.C. official faces questions about D.C. TAG audit 2014-02-24T23:40:33Z “The draft report raises concerns about the sufficiency of internal controls at the D.C. TAG program,” Norton said Friday. Audit of D.C.TAG scholarship program shows millions of dollars unaccounted for 2014-02-24T00:02:00Z “Credit Suisse failed to effectively implement internal controls designed to keep its employees from crossing the line and being non-compliant with the federal securities laws.” DealBook: Credit Suisse Admits Wrongdoing in S.E.C. Case 2014-02-21T22:30:20Z But they’re not individuals: They are organizations with processes, chains of command, and internal control systems. Social Media Crisis? 4 Ways To Exploit The Opportunity 2013-12-31T17:52:00Z The Navy, in a footnote in its 2012 financial report, "acknowledges that it has a material internal control weakness in that it does not reconcile its" numbers with the Treasury's. Special Report: The Pentagon's doctored ledgers conceal epic waste 2013-11-18T14:56:01Z The FCA said the bank's "poor internal controls" encouraged collusion between its traders and Libor submitters and attempts at benchmark manipulation. Rabobank fined $1bn over Libor 2013-10-29T13:50:02Z "An absence of even basic internal controls at the EPA allowed an individual to commit multiple frauds over a long period of time," EPA Inspector General Arthur Elkins Jr said in the statement. Ex-EPA adviser admits to fraud, CIA stint claim, 13 years of lies 2013-09-27T18:44:05Z But five months later, Groupon unexpectedly revised its fourth-quarter 2011 results by reporting a larger net loss and "material weakness" in its internal controls, saying it failed to set aside enough money for customer refunds. Groupon fails to end lawsuit alleging fraud linked to IPO 2013-09-20T22:31:18Z It seems more likely that the mea culpa will be over vanilla topics such as internal controls. Will JP Morgan Net Whale-Sized Tax Deduction Via $800M London Whale Settlement? 2013-09-18T06:38:00Z The bank's deputy chairman, Rudolf Scholten, on Monday described the lender as a "complete mess" when the state looked at its books and system of internal controls. UPDATE 2-Hypo bank sell-off may cost Austria up to $7.1 bln more 2013-09-03T11:20:12Z The benefit of making this case about internal controls is that most lower courts do not permit private parties to file a claim for violating those provisions of the federal securities laws. White Collar Watch: For S.E.C., Any JPMorgan Settlement Could Serve as a Template 2013-08-12T16:23:19Z The revelation rattled senior management and raised serious doubts about the bank’s internal controls. The rise of Promontory 2013-08-02T15:33:12Z More specifically, Con Edison was accused of enabling a fraud that cost ratepayers an estimated $210 million over the course of a decade due to lack of internal controls. Rising Utility Bills? Credit Rating Agencies May Be To Blame 2013-08-01T22:24:00Z For years, the bank has faced allegations from Italian prosecutors and regulators that its internal controls weren't strong enough to guard against money laundering. Pope Signals Openness to Gay Priests 2013-07-29T11:28:14Z The indictment emphasizes the inadequacy of SAC’s internal controls, devoting five pages to the shortcomings of its compliance program. DealBook: What’s Next in the Case Against SAC 2013-07-25T20:16:18Z The bank issued a restatement in July 2012 to correct its earlier disclosures about its trading positions, acknowledging “a material weakness existed in the firm’s internal control over financial reporting.” White Collar Watch: For S.E.C., Any JPMorgan Settlement Could Serve as a Template 2013-08-12T16:23:19Z He will also advise companies on ways to bolster internal controls. DealBook: A Legal Bane of Wall Street Switches Sides 2013-07-23T01:29:47Z Two weeks ago, Con Edison was accused of enabling hundreds of millions of dollars in fraudulent activities over the course of a decade as the result of a breakdown in internal controls. Rising Utility Bills? Credit Rating Agencies May Be To Blame 2013-08-01T22:24:00Z "There was complete absence of the internal controls, regular monitoring and evaluation of the Scheme as per the guidelines," the 2008 report said. Poor quality and bad management: India ignored warnings in free meal program 2013-07-21T06:49:09Z The official Xinhua News Agency said the scheme appeared to be aimed at evading GSK’s internal controls meant to prevent bribery. China Bars Glaxo Finance Chief from Leaving 2013-07-18T06:36:28Z So they rushed to beef up internal controls and tried to convince lawmakers they could take care of their own house. Greed Is Rampant on Wall Street 2013-07-17T10:50:26Z "To date, the Air Force ... is satisfied with BAH's efforts to improve it ethics and compliance programs, and its internal controls." Exclusive: U.S. Air Force sees no wrongdoing by Booz Allen in Snowden matter 2013-07-11T01:15:22Z In March, it issued a “material weakness” caution about aspects of “internal control over compliance” after an audit of government-funded programs at the school. Howard academic deans allege ‘fiscal mismanagement’ 2013-07-02T00:30:59Z The division, according to people with knowledge of the case, planned to accuse the executive of a “failure to exercise adequate supervision,” stemming from a breakdown in the firm’s internal controls. DealBook: U.S. Civil Charges Against Corzine Are Seen as Near 2013-06-25T03:22:06Z As part of the agreement, Walgreen agreed to establish better internal controls to monitor sales of such medications. Walgreen to Pay $80 Million Settlement Over Painkiller Sales 2013-06-11T19:24:26Z The report blames “a lack of adequate internal controls” at state agencies. Welfare Payments Went to Prisoners in New Jersey, Report Shows 2013-05-30T00:32:26Z “The internal controls at I.S.S. did not adequately address the potential misuse of confidential proxy voting information by firm employees.” DealBook: I.S.S. Settles Investigation Into Leaks of Shareholder Vote Data 2013-05-23T18:04:24Z In October, after an audit, PwC reported finding “certain deficiencies in internal control over financial reporting” at Howard that it considered “material weaknesses.” Howard academic deans allege ‘fiscal mismanagement’ 2013-07-02T00:30:59Z CrossCountry Consulting of Vienna appointed Paul Joseph Warwick director in its risk management regulatory and internal controls group. D.C. area appointments for May 20 2013-05-19T21:37:58Z She explained that the agency regularly reviews its internal controls to make sure they’re still relevant. Innovation is a matter of perspective 2013-05-03T18:38:04Z In the case of Capital One’s auto-lending business, according to the S.E.C., the bank “materially understated” its loan loss expenses and “failed to maintain effective internal controls.” DealBook: Capital One Settles Accusations It Understated Loan Losses 2013-04-24T21:37:58Z JPMorgan Chase, which is under regulatory orders to tighten internal controls following record trading losses last year, will face more sanctions in the coming months, Chief Executive Officer Jamie Dimon said. Business Digest: Madoff victims lose bid to sue SEC; more sanctions at JPMorgan 2013-04-10T23:03:17Z The first phase of the audit focused on potential overcharges associated with the fraudulent transactions identified by federal investigators and an assessment of the internal controls surrounding the fraudulent transactions. Is Wall Street Wrong About Con Edison? Probably. 2013-04-08T16:09:31Z As a result of this investigation, the Company is in the process of evaluating deficiencies in its internal controls over financial reporting. Tech Data Discloses Restatement to Earnings, Including Its March 4th Numbers 2013-03-21T21:27:08Z The Senate report, released Thursday, revealed that JPMorgan hid losses for several months, ignored internal controls and manipulated documents. JPMorgan bullied bank regulators, report says 2013-03-16T00:57:16Z “We do have a lot of internal controls in place, but obviously they didn’t prevent this error from occurring.” Did Google Get Off Easy With $7 Million ‘Wi-Spy’ Settlement? 2013-03-13T12:45:27Z Under the accord, Kolcraft will pay a $400,000 penalty and "agrees to implement robust changes to its internal control and compliance systems," the statement said. Kolcraft to pay $400,000 over recall of play yards 2013-03-11T15:47:11Z Con Edison’s senior management responded to this breathtaking breakdown in internal controls by disputing the scale of the problem. Is Wall Street Wrong About Con Edison? Probably. 2013-04-08T16:09:31Z "There were likely violations of the books and records and internal controls provisions of the FCPA," the company said. Las Vegas Sands says "likely" violated U.S. corruption act 2013-03-02T19:36:22Z Then, last April, Groupon restated earnings to reflect a larger quarterly loss after its auditor discovered “material weakness in its internal controls” — financial-speak for lax accounting practices. Groupon Fires CEO Andrew Mason: The Rise and Fall of Tech’s Enfant Terrible 2013-03-01T13:00:18Z The group also cited other problems such as the cease-and-desist orders the bank received from regulators last month that require it to improve its internal controls, which Dimon oversees. Pension funds look to strip JPMorgan CEO Dimon of chairman title 2013-02-20T19:33:43Z Learn about interim and annual financial statements, internal controls and fraud risk, auditor rotation, and other matters. D.C. area business events, starting Feb. 11 2013-02-10T22:39:00Z Regulators asked the bank to tighten internal controls, risk management and oversight from the board. JP Morgan must tighten risk rules 2013-01-15T01:31:44Z The Comptroller of the Currency's office faulted the bank for "an inadequate system of internal controls and independent testing." DealBook: JPMorgan Faces Regulatory Action Over 'London Whale' 2013-01-15T00:29:48Z Matt wanted to have internal controls in place. In California, It’s U.S. vs. State Over Marijuana 2013-01-14T02:44:19Z In 2011, the agency sanctioned No. 4 U.S. equities exchange Direct Edge for weak internal controls that led to millions of dollars in trading losses and a systems outage. BATS glitch is latest to highlight the complexity of the markets 2013-01-11T14:02:43Z Rogue Traders Every year seems to bring news of a major trading loss as a result of a breakdown in the internal controls at a major financial institution. DealBook: Looking Ahead to Civil and Criminal Cases to Come 2012-12-31T23:48:49Z The proposed settlement involved the "books and records" provisions of the overseas bribery law that requires companies to properly report their transactions and maintain adequate internal controls. DealBook: Judge Takes Aim at Another S.E.C. Settlement 2012-12-24T15:51:39Z Britain’s financial regulator fined UBS, saying its internal controls were inadequate to prevent Adoboli, a relatively inexperienced trader, from making vast and risky bets. UBS to Pay $1.5 Billion Over LIBOR Scandal 2012-12-19T19:34:01Z The government alleged that TheStreet failed to put in place sufficient internal controls to assure the accuracy of the subsidiary’s financial statements, which was a privately held company when TheStreet bought it. TheStreet.com, 3 executives settle SEC accounting fraud charges 2012-12-19T00:07:24Z The Dodd-Frank Act changed that for larger funds, which now have to register as investment advisers and strengthen compliance and internal controls, all at much greater cost. DealBook: Federal Regulators Stay on the Full-Court Press 2012-12-11T15:19:25Z Nevertheless, the agreement means the bank won’t be prosecuted further if it meets certain conditions, such as strengthening its internal controls to prevent money laundering. HSBC Settles U.S. Money Laundering Case for $1.9 Billion 2012-12-11T11:35:33Z The penalty includes a five-year agreement with the US department of justice under which the bank will install an independent monitor who will assess the bank's changed internal controls. HSBC to pay £1.2bn over US money laundering accusations 2012-12-11T08:39:46Z Mr. Taylor, the agency said, bypassed Goldman's internal controls and manually entered his "fabricated" futures trades so they did not register on the radar screen of the CME Group, the giant exchange. DealBook: Goldman to Pay $1.5 Million for Failing to Supervise Trader 2012-12-07T23:21:29Z "The systems and controls failings revealed serious weaknesses in the firm's procedures, management systems and internal controls," the FSA said on Monday. UBS fined £30m over rogue trader 2012-11-26T08:01:49Z Regulators say the First Bank failed to monitor its third-party payment processors and implement internal controls designed to detect evidence of money laundering. FinCEN hands down first enforcement action of year 2012-11-20T00:17:13Z It also failed to maintain effective internal controls for the management of liquidity risk and excluded certain cash inflows from the calculation of its liquidity position. RBS Irish unit fined $2.5 million over capital rules 2012-11-19T13:09:46Z But now I suspect that that uncanny stillness, that sense of remove, is the outward manifestation of Durant’s internal control, a sign of his fluency in moving between worlds: aggressive and relaxed, nasty and nice. The Oklahoma City Thunder’s Fairy-Tale Rise 2012-11-08T22:22:55Z Lawyers representing customers of MF Global Holdings Ltd. added accounting firm PricewaterhouseCoopers LLP to a civil lawsuit against former executives of the failed securities firm, saying PwC failed to adequately audit MF Global's internal controls. MF Global Suit Adds PwC 2012-11-06T01:01:12Z District Court in Manhattan on Monday, the customers of MF Global Inc accused PwC of failing to adequately audit MF Global's internal controls over customer funds. MF Global customers sue PricewaterhouseCoopers in amended lawsuit 2012-11-05T22:04:37Z "But if you compare it to cases where the amounts involved were much smaller, it is no different to people who simply cheated an internal controls system." Prison looks likely for France's rogue trader Kerviel 2012-10-22T14:42:14Z "Our governance and internal controls must be benchmarked against the very best," he wrote in the kingdom's master plan. South Africa's "richest tribe" offers platinum model 2012-10-19T22:09:29Z "The lack of internal controls at the company has had real and lasting repercussions." Murdoch, News Corp board reelected at subdued meeting 2012-10-16T23:52:05Z "They will study internal controls, figure out how to make them stronger, test them and report directly to me on anything that needs further examination," the newspaper quoted Zweifach as saying. News Corp hires U.S. compliance officials: FT 2012-09-30T23:35:00Z “If indeed they occurred, these suggest a lack of internal controls at the company.” Come Clean, Murdoch! 2012-09-18T18:42:00Z The order cited “internal control weaknesses including the incomplete identification of high-risk customers in multiple areas of the bank.” Money-Laundering Inquiry Said to Target U.S. Banks 2012-09-15T01:21:33Z On Friday, prosecutors said Mr. Adoboli took pains to evade internal controls. DealBook: Kweku Adoboli, Ex-UBS Trader, Is Accused of Brazen Gambling at Fraud Trial 2012-09-14T20:08:58Z Asked if that was related to compliance with the Foreign Corrupt Practices Act and Wal-Mart’s internal controls, Mr. Holley said it was. Wal-Mart’s Earnings Suggest Strained Shoppers 2012-08-16T14:53:02Z A spokesman for Daiwa said the brokerage takes the findings of its internal investigation seriously and is taking steps to improve internal controls. Insight: How Japan's securities watchdog found its bite 2012-08-13T20:49:45Z The bank also admitted to a “material weakness” in its internal controls. JPMorgan Revises 1Q Profit Down Amid Trading Probe 2012-08-09T13:15:37Z Its requirement that companies pay for audits of their internal controls came in for particularly sharp criticism because of soaring costs and the provision was eventually scaled back. Analysis: A decade on, is Sarbanes-Oxley working? 2012-07-29T15:51:02Z On June 29, Nomura published the results of the internal investigation led by outside attorneys that detailed sweeping breaches of internal controls and a raft of measures aimed at preventing further leaks of confidential information. Insight: As scandal grew, Nomura chairman pushed for shake-up 2012-07-29T09:46:11Z |
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