In what is likely to be Wells Fargo & Co’s biggest shake up since former Bank of New York Mellon chief executive Charles Scharf joined the bank as its CEO in 2019, sources familiar with the matter at hand have… Read More ›
controls
SEC relaxes rule requiring external audit for smaller publicly traded companies
In a significant development, the Securities and Exchange Commission has voted to relax internal audit controls measures that were first introduced at smaller publicly listed companies in 2002, following a string of accounting scandals including one at Enron Corp. The… Read More ›
Papa John’s International Inc replaces KPMG with EY as its auditors
This is not a routine change of financial auditors… In a development that will certainly raise eyebrows, according to a regulatory filing by Papa John’s International Inc, it has dismissed KPMG LLP as its financial auditor and has appointed Ernst… Read More ›
Cooperating with SEC’s probe on executive pay: Nissan
The Carlos Ghosn saga is now being under the SEC’s loop. As per a source, the SEC is examining whether Nissan has maintained adequate controls to prevent improper payments. On Monday, Nissan Motor Co stated, it is co-operating with an… Read More ›
French companies need to wake up to no-Brexit deal: Gerald Darmanin
British Prime Minister Theresa May faces strong headwinds in her efforts to push the Brexit deal through her divided party and Britain’s parliament. Gerald Darmanin France’s Minister of Customs stated, French companies need to be more prepared to the reality… Read More ›
Deutsche Bank AG mulling high-level shakeup
Sylvie Matherat, Deutsche’s chief regulatory officer and a potential departee, has expressed concerns regarding constraints on improving financial-crime controls and mending the bank’s relationships with regulators. As per a report from the Wall Street Journal, Deutsche Bank AG is mulling… Read More ›
France preparing to install transport and customs measures as a failsafe to Brexit deal
With 4 lawmakers resigning from British Prime Theresa May’s government, the draft Brexit-deal is in peril. On Friday, French Transport Minister, Elisabeth Borne stated, France is preparing various measures, including those dealing with customs checks and controls at ports, in… Read More ›
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