The Securities and Exchange Commission has put out a warning that protections or lack thereof for whistleblowers will get close attention during examinations. Financial firms' documents will be reviewed for provisions that would discourage or prevent employees from reporting violations of securities law, the SEC said.
Financial statements provide a compelling picture of a not-for-profit's activities. However, not-for-profits need to be aware of potential financial reporting concerns to ensure that picture is conveyed properly.
Managing risk in a retirement portfolio requires analyzing your asset allocation and considering the chance that you will run out of money. Various tools can help you determine the right mix of stocks and bonds, and it's important to choose the right withdrawal rate.
According to the AICPA's proprietary Personal Financial Satisfaction Index (PFSi), this quarter the financial standing of the average American reached its highest level since the recession. The PFSi was largely boosted by gains in home equity and the PFS 750 Market Index, as well as a decline in loan delinquencies.
A report from the Treasury Inspector General for Tax Administration found that potentially billions of dollars of revenue is being lost due to the Internal Revenue Service's lax enforcement of the backup withholding rules.
As technology continues to advance, the real world and the digital one will become increasingly integrated in businesses and in people's everyday lives. Here's a look at 10 trends that Gartner says will shape the world next year and beyond.
The US Labor Department expects to release by year-end a final rule on city-backed retirement savings plans for private sector workers whose employers don't provide retirement plans. Assistant Labor Secretary Phyllis Borzi said that city-sponsored plans are on solid legal footing but that the department still has issues to resolve.
The pattern-matching approaches of basic compliance-monitoring and threat-detection systems generate too many false positives and false negatives, Jose Tabuena writes. New approaches that incorporate artificial intelligence can offer more refined anomaly detection, he writes.
A culture of compliance requires developing a strong relationship with internal audit and carrying out documented policies and procedures consistently, writes Thom Hook of Pegasystems. A true culture of compliance will have robust employee training, senior management involvement and sufficient resources, Hook writes.
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