Choose an area of interest:
Search 

Choose an area of interest:
Accounting | A & A | Corporate Finance | Ethics & Compliance | Financial Planning | HR & Training | International | Legal | Students | Tax | Tech

Ethics & Compliance

KPMG Resigns as Auditor for Herbalife, Skechers
Accounting firm KPMG has resigned as the auditor for Herbalife, a dietary supplements maker, and the shoe retailer Skechers after a rogue partner allegedly leaked information about the companies to someone who then used the information to trade stocks.

 

Quick Links: 
Return to Accounting Homepage
Weekly Accounting Newsletter
Online CPE
Twitter: SmartProsEditor      
Quarterly Ethics & Compliance Insights newsletter  
Sign up for regular Ethics updates   Updated 2/16/12



  News & Insights

Senate Confirms White to Head SEC
The U.S. Senate has confirmed Mary Jo White's nomination as chairman of the Securities and Exchange Commission, making her the first former prosecutor to lead the federal agency that oversees Wall Street.

Wal-Mart Says Loss Likely from Bribery Probe
Wal-Mart Stores Inc. said it is 'probable' that the world's largest retailer will incur a loss due to ongoing bribery investigations by itself and government agencies, but it says it is too early to speculate on the size of the damage.

SEC Gets Record Insider-Trading Settlement
CR Intrinsic Investors in Stamford, Conn., agreed to pay a record $601 million to settle insider trading charges, the Securities and Exchange Commission said.

Report: Bribery Probe Targets Microsoft Partners
Microsoft is entangled in a U.S. government investigation into whether the software maker and some of its business partners resorted to bribery to close deals in China, Romania and Italy, according to a report.

SEC Clears Ford's Mulally to Cash In on Nearly $12M in Bonuses
Ford CEO Alan Mulally can cash in on almost $12 million in performance bonuses owed him, according to documents filed with the Securities and Exchange Commission.

Shareholder Says Smithfield Should Break Up Company
A major shareholder told Smithfield Foods Inc. in a letter Thursday that it should split into three independent companies, offer regular cash dividends and review executive compensation.

Heinz executives' severance figured at a total of $436M
H.J. Heinz Co. CEO William Johnson could reap a $212.7 million payday if he leaves the company after it is taken private in a $28 billion buyout by Warren Buffett and a Brazilian investment firm.

Chesapeake Energy Reveals SEC Probe into CEO Perks
Chesapeake Energy Corp. and outgoing CEO Aubrey McClendon are being investigated by the Securities and Exchange Commission about a perk that allows McClendon to invest personally in the company's oil and gas wells.

Franken Urges New Rules for Ratings Agencies
Sen. Al Franken said that he will push the Securities and Exchange Commission in the coming months to remove conflicts of interest between securities rating agencies and the companies that pay them to rate financial products.

Report: US Investigating Trading in Heinz Deal
U.S. regulators have opened an insider trading inquiry on the $23 billion acquisition of H.J. Heinz, according to a publish report.


   Spotlight

Accounting & Finance Technology Monthly
Finally! CPE-accredited technology education for accounting professionals. Accounting & Finance Technology Monthly is an annual CPE subscription designed to keep you up-to-date on technology trends essential to your job.

SmartPros Price: Courses: $69.90 - Subscriptions: $235

more info

Working Values: A Strategic Resource for Business Ethics
Working Values helps companies integrate business ethics with their core values throughout all levels of the organization. We develop customized, values-based programs that drive long-term ethics initiatives forward.

more info

FMN Online
Subscribe to the program that more than half of the Fortune 500 trust for CPE. Stay up to date on Sarbanes-Oxley and other key events impacting corporate finance.

SmartPros Price: Courses: $69.90 - Subscriptions: $429

more info

  SmartPros Today

Introducing SmartPros Legal Professional Education
SmartPros Legal features the Cognistar CLE library highlighting over 150 course titles in areas such as litigation, IP, corporate/securities law, tax, labor/employment law, bankruptcy, ethics, professionalism, substance abuse, bias, and many more.


Ethics: More Than a Code of Conduct
Why creating a culture of integrity is beyond a code of ethics. More info



 

 Please Visit Our Sponsors
 
About SmartPros | Accounting Products | Professional Education | Marketing Services | Consulting | Engineering Products | PE Review Course | Contact Us
Copyright 2015 Kaplan, Inc. | All rights reserved.