Facebook and its chief executive, Mark Zuckerberg, are being criticized far and wide for the company’s lax privacy practices after it was revealed that the political data firm Cambridge Analytica had used a seemingly innocuous personality test to collect data on 87 million Facebook users, which it combined with data from other sources to develop psychological profiles that were used in support of President Trump’s 2016 campaign. A number of lawsuits have been filed against the site over privacy issues and the Cambridge Analytica incident in particular.Read More
Audit, Compliance and Risk Blog
A lot of time is spent shopping for the right look and for fashion that will flatter or get attention, but are we spending our dollars wisely to make sure that the clothes we wear today will not damage the environment in other parts of the world or in our own backyards tomorrow?Read More
Earlier this year, the US Department of Justice (DOJ) Fraud Section issued additional enforcement guidelines to US Attorneys, entitled “Evaluation of Corporate Compliance Programs.” DOJ’s US Attorneys perform these evaluations to weigh whether and how severely an organization might be charged for illegal conduct by directors, officers, or other employees. But individuals may be committing crimes to further the organization’s goals (remember Volkswagen’s recent use of fraudulent means to defeat emission requirements), or for their own purposes despite organizational efforts. For readers in organizations that aren’t encouraging criminal behavior, these guidelines provide important guidance to the design (and implementation) of effective compliance programs.Read More
The revision of the ISO 14001 Environmental Management Systems Standard is now in its final stages. The Final Draft International Standard (FDIS) will be released soon for the membership to vote for approval or reconsideration—and voting will continue for two months, at which time, the FDIS will be approved as is, or sent back to the ISO Environmental Management Technical Committee 207 (ISO/TC207). Due to the lengthy and deliberate process built into reviewing and updating ISO standards, it is rare for an FDIS not to be approved.
Could a Christmas tree find a second job? Yes, as it matter of fact it can. Every year in late December, early January and, in some cases, as late as February, certain researchers, environmental groups and wildlife agencies in North America begin sinking Christmas trees in lakes and ocean waters in the hopes of creating habitat for various types of fish.
Twelve years ago, a client asked a financial advisor at a large investment firm for advice on “socially responsible investments.” The advisor said that they didn’t offer much in that field, because there was no client demand. How things have changed! Now, large investment firms as well as local credit unions and even small, family-owned businesses are all anxious to demonstrate that their business is “socially responsible,” “green,” or “gives back to the community”—all values reflected in the concept of Corporate Social Responsibility (CSR). More than feel-good slogans, these terms represent initiatives that offer concrete benefits to both a company and its stakeholders, including customers and the wider community.