Audit
Regulatory changes put spotlight on UK auditors
UK regulators try to lift the standard of external auditing
SEC heralds new auditor focus with EY lobbying fine
Auditors can expect more attention in the months to come
Conflicts of interest a key concern for Finra
Management of conflicts of interest needs attention, says regulator
Data mining helps unscramble complexities of fraud
A mine of information
OpRisk North America: Billion dollar losses are the result of op risk failure
A rising tide of billion dollar losses, penalties and writedowns are a consequence of years of hubris, UBS's Julian Fry says
Ranking results highlight important role played by service providers in hedge fund industry
Service Provider Rankings 2012
Service Provider Rankings 2012
The Service Provider Rankings 2012 recognise the important role played by a wide range of organisations in the smooth running and operation of hedge funds and funds of hedge funds globally.
Quant Congress USA: Real-time audit trail unnecessary, says SEC chief economist
SEC chief economist says consolidated audit trail rule is strong enough, despite concerns from Democrats
Nation states and hacktivists: the rising online threats
Hackers with a cause
Institutionalisation and succession planning are two challenges for larger hedge fund managers
Service Provider Rankings 2011
Auditors to be changed every nine years, EC proposes
Leaked draft EC regulation demands sweeping changes in auditor regulation
NCB appoints vice-president of financial audit and control
NCB has appointed Jonathan Klugman as vice-president of financial and audit control
Curing the culture of fraud
Internal affairs
UK FRC consultation inaugurates year focused on governance and risk
The UK Financial Reporting Council has two risk governance projects underway, while the European Commission is prepping two papers of its own
Prime brokers move to SAS 70 audits
Learning from the default of Lehman Brothers, a growing number of prime brokers are adapting their business model to ensure margin is segregated and secure, with some looking to win third-party validation for the controls they have in place. Which firms…
Whistleblowers need direct link to regulators, says survey
A poll on Risk.net says informants should be able to speak directly with supervisors
The hidden risk
Risk is inherent in the use of spreadsheets within financial institutions but it has long been ignored. Now regulatory scrutiny into processes is spurring growth in the market for spreadsheet control solutions. Nolan Gesher explains why they are worth…
Europe closer to cash equities code of conduct
Daily news headlines
PCAOB proposes new auditing standards
PCAOB proposes new auditing standard for the audits of registrants' internal control over financial reporting under SOX Section 404
FSA to consult on ending audit requirements for small firms
The Financial Services Authority (FSA) has issued a consultation paper proposing the removal of statutory audit requirements under the Companies Act for small firms and Appointed Representatives (ARs).
PCAOB approves stricter internal audit controls
The Public Company Accounting Oversight Board (PCAOB) has approved an auditing standard for audits of internal control over financial reporting, and proposed amendments to the board's existing interim auditing standards to conform them to the new…
Advancing op risk management using Japanese banking experience
Junji Hiwatashi and Hiroshi Ashida of the Bank of Japan outline a practical framework for operational risk management, derived from research and experiences in Japan's financial community.