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Audit & Governance Weekly Financial News Roundup, 15th May 2020

Published on: Friday, May 15, 2020 by Paul Stanbridge

New email went out to subscribers today: “Audit & Governance Weekly Financial News Roundup, 15th May 2020”. Check it out http://eepurl.com/g3FaUv

 

Please find your weekly financial services news roundup specifically tailored for Internal Audit, Risk, Regulatory and Governance professionals.

This week ….. Audit committee sued (it’s not FS but very interesting list of material and financial weaknesses you would not expect of a publicly traded company – Internal Auditors take note!), US banking fines and Westpac ML saga continues. Now earnings season has ended, CRISL released their latest IB report (I do like their reports – well worth checking the others if you have time), IB revenue is up whilst IB headcount is lowest in 6 years. 

Enjoy!

Paul & Craig

$5 MILLION FINE FOR MORGAN STANLEY OVER TRADING FEE  

Morgan Stanley fined $5million by SEC over trading fees… read more
AUDIT COMMITTEE MEMBERS SUED – NSDAQ ADR PLC 

Fascinating report from legal perspective of alleged board level failure in governance ... read more
EUROPEAN INTERNAL AUDIT SUMMIT 2020

Audit summit went ahead this week focussing on emerging internal audit topics  .... read more
US CRITICISES DEUTSCHE FOR WEAKNESS IN INTERNAL AUDIT

German bank criticised for weakness in internal audit over AML issues … read more
AUSTRALIA: WESTPAC ADMITS TO AML BREACHES

Update: Westpac admit to breaches in filing at Federal Court.... read more
CRISL REPORTS IB HEADCOUNT LOWEST IN SIX YEARS

IB 1Q : Headcount saw greatest decline in six years … read more