Public Company Accounting Oversight Board

The IIA "Deeply Concerned" By New PCAOB Proposal; Internal Auditors Caught in CPA Firms' Regulatory Crossfire

Retrieved on: 
Thursday, December 22, 2022
Auditor, CPA, PCAOB, Education, Public Company Accounting Oversight Board, CGMA, Risk management, Risk, Internal, Confirmation, Certification, Audit committee, Institute of Internal Auditors, CITP, International standard, Examination for Professional Practice in Psychology, IIA, Multimedia, Internal audit, CIA, Research, Exercise, Use, Audit, Section

The PCAOB's proposed standard unfairly and inaccurately places internal auditors at the center of an effort to regulate issues with CPA firms.

Key Points: 
  • The PCAOB's proposed standard unfairly and inaccurately places internal auditors at the center of an effort to regulate issues with CPA firms.
  • The PCAOB's proposed standard could have the unintended consequence of implying that internal auditors would intentionally 'intercept' and 'alter' information.
  • Like external auditors, internal auditors have an obligation to exercise due care in the handling of all information."
  • Because internal auditors and external auditors have the same independent reporting relationship to the Audit Committee, it is common for external auditors to rely on work performed by internal auditors and/or for internal auditors to directly assist external auditors in the performance of certain duties.

Alico Shareholder News: Johnson Fistel Encourages ALCO Shareholders with Losses to Contact the Firm Regarding Class Action Investigation

Retrieved on: 
Thursday, December 15, 2022
Financial statement, Audit committee, Annual report, SAN, LLP, Public Company Accounting Oversight Board, ALCO

The investigation focuses on investors' losses and whether they may be recovered under federal securities laws.

Key Points: 
  • The investigation focuses on investors' losses and whether they may be recovered under federal securities laws.
  • On December 13, 2022, Alico issued its 10-K form for the year ending September 30, 2022.
  • Individuals with nonpublic information regarding the company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program.
  • For more information, contact Jim Baker at (619) 814-4471 or [email protected] .

TSP ALERT: Hagens Berman, National Trial Attorneys, Encourages TuSimple Holdings (TSP) Investors with Significant Losses to Contact Firm’s Attorneys, IPO-Related Securities Class Action Filed

Retrieved on: 
Monday, December 12, 2022
Intellectual property, SAN, FBI, Steve Berman (lawyer), Person, WSJ, Fraud, News, Tie, TSP, IPO, The Wall Street Journal, Hou, Public Company Accounting Oversight Board, Private investigator, Cryptocurrency, Hydron

SAN FRANCISCO, Dec. 12, 2022 (GLOBE NEWSWIRE) -- Hagens Berman urges TuSimple Holdings, Inc. (NASDAQ: TSP) investors who suffered significant losses to submit your losses now .

Key Points: 
  • SAN FRANCISCO, Dec. 12, 2022 (GLOBE NEWSWIRE) -- Hagens Berman urges TuSimple Holdings, Inc. (NASDAQ: TSP) investors who suffered significant losses to submit your losses now .
  • The action challenges TuSimple’s failure to disclose the Company and its most senior executives were improperly financing and transferring technology to a Chinese startup company.
  • According to WSJ, TuSimple was being investigated into whether it improperly financed and transferred technology to a Chinese startup.
  • “We’re focused on investors’ losses and proving TuSimple improperly shared its intellectual property,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

Territorial Bancorp Inc. Declares Special Dividend

Retrieved on: 
Thursday, December 8, 2022
Federal Reserve Board of Governors, Pandemic, Financial Accounting Standards Board, Terrorism, Treasury, Security (finance), Government, Public Company Accounting Oversight Board, Office of the Supervising Architect for the U.S. Treasury, Unitary state, Environment, Growth, Clifton Bancorp, Inc., Finance, COVID-19, Holding company, Audit, Bank, Risk management

HONOLULU, Dec. 08, 2022 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ: TBNK) (the “Company”), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announces that its Board of Directors has declared a special cash dividend of $0.10 per share payable on December 29, 2022 to shareholders of record as of December 19, 2022.

Key Points: 
  • HONOLULU, Dec. 08, 2022 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ: TBNK) (the “Company”), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announces that its Board of Directors has declared a special cash dividend of $0.10 per share payable on December 29, 2022 to shareholders of record as of December 19, 2022.
  • In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change.
  • We are under no duty to and do not take any obligation to update any forward-looking statements after the date of this release.
  • Because of these and a wide variety of other uncertainties, our actual future results may be materially different from the results indicated by these forward-looking statements.

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages TuSimple Holdings (TSP) Investors with Significant Losses to Contact Firm’s Attorneys, Deadline Approaching in Securities Class Action

Retrieved on: 
Monday, December 5, 2022
Intellectual property, FBI, Steve Berman (lawyer), Person, WSJ, Fraud, News, Tie, TSP, IPO, The Wall Street Journal, Hou, Public Company Accounting Oversight Board, Cryptocurrency, Hydron

According to WSJ, TuSimple was being investigated into whether it improperly financed and transferred technology to a Chinese startup.

Key Points: 
  • According to WSJ, TuSimple was being investigated into whether it improperly financed and transferred technology to a Chinese startup.
  • “We’re focused on investors’ losses and proving TuSimple improperly shared its intellectual property,” said Reed Kathrein, the Hagens Berman partner leading the investigation.
  • If you invested in TuSimple Holdings and have significant losses, or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman .
  • Hagens Berman is a global plaintiffs’ rights complex litigation law firm focusing on corporate accountability through class-action law.

RBB Bancorp Announces the Hiring of Gary Fan as EVP and Chief Administrative Officer

Retrieved on: 
Monday, December 12, 2022
Banking, Professional Services, Finance, RBB, UC, Public Company Accounting Oversight Board, CTBC Bank, DBO, Theft, Current Expected Credit Losses, Risk, SBA, ASU, Wharton, Bank, CFO, Annual report, Pandemic, FRB, Employment, FDIC, Financial Accounting Standards Board, Government, COVID-19, Finance, Earthquake, University, Royal Business Bank, Terrorism, Workforce, University of Pennsylvania, Tax, University of California, Berkeley, Basel Committee on Banking Supervision, Insurance, Financial services, Financial technology

RBB Bancorp (NASDAQ: RBB ) (the Company) and its subsidiary Royal Business Bank (the Bank), a leading financial institution focused on serving the Asian-American community, is pleased to announce that Gary Fan has joined the Bank as Executive Vice President and Chief Administrative Officer.

Key Points: 
  • RBB Bancorp (NASDAQ: RBB ) (the Company) and its subsidiary Royal Business Bank (the Bank), a leading financial institution focused on serving the Asian-American community, is pleased to announce that Gary Fan has joined the Bank as Executive Vice President and Chief Administrative Officer.
  • Fan will oversee marketing and wealth management, and he is expected to manage operations in the New York and Chicago markets.
  • He will also be focused on leading bank-wide initiatives including mergers and acquisitions, digital banking, new products and services, Fintech, and specialty banking.
  • "I am thrilled that someone of Gary's talent and reputation has joined RBB," said David Morris, CEO, President and CFO of RBB Bancorp.

TuSimple Sets Path for Stability with Appointment of Independent Directors and Permanent Chief Financial Officer

Retrieved on: 
Friday, December 16, 2022
Philippine Government Securities, Security (finance), Denver District Attorney's Office, Treasury, Public Company Accounting Oversight Board, Federation, United Nations Security Council, CAO, PCAOB, CFO, White House, New York County District Attorney, NYSE, United States National Security Council, AI, Justice, AFN, Fortune 500, Georgetown University Law Center, United States Department of Justice, Multimedia, SAE, Audit committee, CFIUS, Silicon, Congress, SAN, Financial Crimes Enforcement Network, Privacy Office of the U.S. Department of Homeland Security, Audit, Management

In her new role as an independent member of TuSimple's Board of Directors, she will serve as chair of the Audit Committee.

Key Points: 
  • In her new role as an independent member of TuSimple's Board of Directors, she will serve as chair of the Audit Committee.
  • Following the recent appointment of James Lu as an independent member of TuSimple's Board of Directors, TuSimple has appointed three new independent board members in the last week.
  • Mr. Tapia has been serving in the role of interim Chief Financial Officer since July 7, 2022.
  • "When I returned to lead TuSimple, I made a commitment to right the ship and set us on a path toward long-term stability and success," said TuSimple President and CEO Cheng Lu.

WestJet Connects to UATP One Merchant Services for Payment Processing

Retrieved on: 
Wednesday, December 14, 2022
AAL, Air New Zealand, Lufthansa, Travel, AirPlus International, Payment, TUI fly Deutschland, Hotel manager, Atmosphere, Frontier Airlines, WestJet, JetBlue, Qantas, ISE, Delta Air Lines, Shandong Airlines, Partnership, UAL, Link Airways, Datastream, El Al, TSE, BCD Travel, Southwest Airlines, Avianca, Data, LATAM Airlines Group, NYSE, Gol Linhas Aéreas Inteligentes, Public Company Accounting Oversight Board, Nuvei, Etihad Airways, Issuer, GOL, Air China, Air Canada, Airline, EL, AC, Sichuan Airlines, APG Airlines, CEA, Business development, Air Niugini, JP, BSP, Sun Country Airlines, Payment card, Online shopping, Amtrak, UATP, American Airlines, Austrian Airlines, Aeroméxico, United Airlines, Japan Airlines, Turkish Airlines, China Eastern Airlines

WASHINGTON, Dec. 14, 2022 /PRNewswire/ --Global payment network UATP has announced that a portion of WestJet's payment processing is now being serviced through UATP One Merchant Services.

Key Points: 
  • WASHINGTON, Dec. 14, 2022 /PRNewswire/ --Global payment network UATP has announced that a portion of WestJet's payment processing is now being serviced through UATP One Merchant Services.
  • WestJet, an existing UATP Issuer, added UATP One to its product base, utilizing the partnership for acquiring capabilities and enhanced payment processing.
  • UATP One provides a wide range of payment solutions and customized reporting capabilities, as well as an indirect credit card processing solution that connects airlines to all 152 billing and settlement plans (BSP).
  • UATP connects airlines to Alternative Forms of Payment which can expand reach and generate incremental sales globally.

CoastalOne Executives Named to ADISA Board of Directors and FSI Accounting & Finance Council

Retrieved on: 
Wednesday, November 30, 2022
Growth, Pershing, Accounting, CEI, RIA, Coast, Public Company Accounting Oversight Board, Organization, Conference, Capitol Hill, Knowledge, Trust, Partnership, MBD, Education, Registered investment adviser, BNY Mellon, PCAOB, Investment, Senior, Capital market, CPA, FINRA, CMOS, Broker-dealer, Wiedemann Wysocki National Finance Council Award, FSI, Woman, Teeple, Professional, CIA, Financial adviser, Management, Pharmaceutical industry

WILMINGTON, Del., Nov. 30, 2022 /PRNewswire/ -- CoastalOne, an independent broker-dealer (Coastal Equities, Inc.) and Registered Investment Advisor (Coastal Investment Advisors, Inc.) hybrid platform based in Wilmington, Delaware, recently had multiple company executives named to industry leadership positions, including Michael O'Connor, Chief Financial Officer of CoastalOne, joining FSI's Accounting & Finance Council, and Amanda Teeple, Senior Vice President of CoastalOne Capital Markets, joining ADISA's Board of Directors.

Key Points: 
  • Michael O'Connor , CPA, Chief Financial Officer at CoastalOne, was invited to join the Financial Service Institute 's 2023 Accounting & Finance Council.
  • Ongoing discussions encompass changes and goals related to accounting, FinOps, and the Public Company Accounting Oversight Board (PCAOB).
  • To learn more about the FSI Accounting & Finance Council, please click here .
  • Amanda Teeple , Senior Vice President of CoastalOne Capital Markets, was recently elected to The Alternative & Direct Investment Securities Association 's2023 Board of Directors.

TSP CLASS ACTION: Hagens Berman, National Trial Attorneys, Encourages TuSimple Holdings (TSP) Investors with Significant Losses to Contact Firm’s Attorneys, Securities Class Action Pending

Retrieved on: 
Monday, November 28, 2022
The Wall Street Journal, Steve Berman (lawyer), FBI, WSJ, IPO, Hou, TSP, News, Public Company Accounting Oversight Board, Intellectual property, Tie, Person, Fraud, Cryptocurrency, Hydron

According to WSJ, TuSimple was being investigated into whether it improperly financed and transferred technology to a Chinese startup.

Key Points: 
  • According to WSJ, TuSimple was being investigated into whether it improperly financed and transferred technology to a Chinese startup.
  • Were focused on investors losses and proving TuSimple improperly shared its intellectual property, said Reed Kathrein, the Hagens Berman partner leading the investigation.
  • If you invested in TuSimple Holdings and have significant losses, or have knowledge that may assist the firms investigation, click here to discuss your legal rights with Hagens Berman .
  • Hagens Berman is a global plaintiffs rights complex litigation law firm focusing on corporate accountability through class-action law.