Author: CC360 Staff

handcuffed for fraud

Legal Group Calls for Protections for CCOs in Prosecutions

The New York City Bar Association proposed a new framework it hopes will influence decisions by regulators to charge chief compliance officers in certain criminal and civil cases. The move is an attempt to quell growing concerns from enforcement actions that hold financial sector CCOs individually liable for the actions Read More

A padlock overlaid over a world map decorated with binary code

ESG, Cybersecurity Among Proposed Rules on SEC’s To-Do List

The Securities and Exchange Commission has released its 2021 “Agency Rule List” to give companies an idea of the regulations in its pipeline and when they can expect them to move forward. The list includes a schedule of proposed and final rules on such topics such as climate change disclosures, Read More

A woman in the foreground and a man in the background work on their computers, socially distanced and wearing masks

Amid the Pandemic, Financial Firms Working to Keep Up with Regulation

A new study finds that more financial firms are outsourcing all or part of their compliance functions, while others are growing compliance budgets and staff levels more slowly. Meanwhile, a large majority expect regulators to continue to pile on new regulations during the rest of the year.  The study, 2021 Read More

Kellye Gordon

How Compliance Officers Can Play Role in Diversity Efforts

Corporate compliance officers are getting more involved in diversity and inclusion efforts, using their expertise in helping employees adhere to laws and company policies to push for change. Many companies made commitments to promote racial equality last year following the murder of George Floyd while in police custody, including by hiring and Read More

cybersecurity

Biden Administration Expands Cybersecurity Requirements for Government Contractors

An executive order released by the Biden administration last month  seeks to bolster the federal government’s cybersecurity defenses and resilience by imposing a variety of requirements on federal agencies and government contractors that are likely to have spillover effects in the private sector. While many federal agencies and contractors already Read More

World News

New Report Provides Guidance on Internal Audit’s Role in ESG Disclosures

Investors and regulators are pushing for more comprehensive and uniform reporting on environmental, social, and governance (ESG) efforts. Some organizations are even tying incentive compensation metrics to ESG goals. In March, the Securities and Exchange Commission said it would be looking more closely at ESG disclosures and also announced the creation of Read More

Data center

Three Steps for Better Compliance with ISO 27001 on InfoSec

The recent hack of the Colonial Pipeline, which has crippled the transmission of fuel in the Southeast United States, serves as a stark and alarming reminder to all businesses of the vulnerability of information systems to security breaches, hacks, and ransomware attacks. Over the last several years, most businesses have Read More

Trees

CAQ and AICPA Issue Joint Roadmap for ESG Reporting

The building blocks of reliable, comparable and relevant environmental, social, and governance (ESG) information begin with a foundation of quality reporting by company management. Now companies have a new resource to improve ESG reporting. The American Institute of CPAs and Center for Audit Quality teamed up to provide audit practitioners Read More