“Theranos Failed Second Inspection,” The Wall Street Journal, January 18, 2017 B4. The CMS (Centers for Medicare and Medicaid Services) inspected Theranos in late September, and a few days later “Theranos said it was exiting the medical-testing business altogether.” Theranos failed the inspection. 31 more words
Tags » Internal Controls
Sometime head feints are acceptable; sometimes they are felonies.
A lawyer for a company has a duty under company law to protect the company’s confidential information. As a lawyer, he or she has a professional ethical obligation to preserve the confidentiality of materials submitted to the lawyer in order to secure or provide legal advice. 138 more words
Note: The SEC’s order finds that SAP SE violated the internal controls provisions and the books and records provisions of the FCPA. Without admitting or denying the findings, SAP consented to the entry of the cease-and-desist order and agreed to pay disgorgement of $3.7 million in profits from SAP’s software sales to the Panamanian government plus prejudgment interest of $188,896. 441 more words
Concept of Segregation of Duties (SOD) is defined as “A basic internal control that prevents or detects errors and irregularities by assigning responsibility for initiating and recording transactions and custody of assets to separate individuals”. 300 more words
The exchange of price-related information between horizontally aligned competitors is often a no-no in the US.