Starling

Don't miss this week's "Weekend Reading" article! Herein, Starling Founder & CEO Stephen Scott continues from last week's post with part two on the ongoing confusion between governance and culture, and posits a new framework for culture risk governance. 

In recent comments to the Financial Times, Michael Hsu, US Acting Comptroller of the Currency, warned that a failure to implement Basel III capital requirements could lead to another financial crisis. Mentions: Office of the Comptroller of the Currency, #culture #regulation #capital Keep Reading: https://lnkd.in/gw22jci2

In his remarks at the American Bankers Association conference last week, JPMorganChase CEO Jamie Dimon said it was time for banks to "fight back" against "overlapping or ill-conceived" regulations. #culture #regulation #accountability Keep Reading: https://lnkd.in/gSfMCUuA

Don't miss this week's "Weekend Reading" article! Herein, Stephen J. Scott, Founder & CEO of Starling, explains what a story about junior auditors getting fired for multitasking reveals about "Tone from the Top" and what audit can learn from the banking sector in order to avoid repeating the same mistakes in addressing culture.

In a recent LinkedIn post, Christina Ho, a Member of the US Public Company Accounting Oversight Board (PCAOB), responded to criticism from Democratic Senators Elizabeth Warren and Sheldon Whitehouse. #culture #audit #regulation Keep Reading: https://lnkd.in/gRQzTm_b

EY has resigned as the auditor for Supermicro, a leading US-based IT infrastructure provider, saying it can no longer rely on the management team's representations, as reported by The Wall Street Journal. Mentions: Hindenburg Research, #culture #audit Keep Reading: https://lnkd.in/ghAYWXzW

PwC's profits in Asia shrunk by 12.7% in the fiscal year ending June 30, as the firm has reeled from high-profile scandals in China and Australia, according to the Financial Times. Mentions: Mohamed Kande, #culture #audit Keep Reading: https://lnkd.in/gGpgDx6b

The Australian Securities and Investments Commission (ASIC) recently announced a sweeping crackdown on ethics and internal controls across the audit sector, as reported by the Accounting Times. Mentions: Kate O'Rourke, #culture #audit #supervision Keep Reading: https://lnkd.in/e-C_8zmj

In a recent The Australian Financial Review article, journalists Fiona Buffini and Hannah Wootton explore how superannuation funds are increasingly scrutinizing the culture of their portfolio companies. Mentions: Aware Super, Deanne Stewart, #culture #accountability #stewardship Keep Reading: https://lnkd.in/gVvjRQhS

Italian bank Banca Progetto has been placed under judicial administration for providing state-guaranteed loans to the mafia. #culture #antimoneylaundering Keep Reading: https://lnkd.in/g-ugxvAC