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Tags: Internal Controls, best-practice, internal audit, Hong Kong, deficiencies, future trading, SFC, China, Fined, compliance, Compliance in China, accounting, securities and futures commission, short sales, internal controls failures

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FIFA Headquarters - Zurich, Switzerland

The Fédération Internationale de Football Association, founded in 1904, as the governing body of association football, futsal and beach soccer for Belgium, Denmark, France, Germany, the Netherlands, Spain, Sweden and Switzerland. Today FIFA dominates the soccer and sport industry  with over 210 national associations worldwide.

FIFA's 2015 Corruption:

In May of 2015, 14 people were indicted in connection with an investigation by the United States FBI and the IRS Criminal Investigation Division into wire fraud, racketeering, and money laundering. The United States Attorney General simultaneously announced the unsealing of the indictments and the prior guilty pleas by 4 football executives and 2 corporations. Stepp Blatter led FIFA since 1998, but stepped down after the 2015 corruption was uncovered.  He was suspended from Football for 6 years after breaching ethics guidelines. The U.S got involved because of suspicion of bribes of about $150 million in 2010. After uncovering the wire fraud and money laundering, the U.S asked other countries to step in and investigate as well, but that is up to the individual country and government. 

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Tags: audit, Scala, irs, FIFA Reform, auditor, reform, compliance, fraud, money laundering, Corruption, wire fraud, fbi

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Tags: control reduction, compliance, COSO, COSO 2013

Tags: Internal Controls, fraud prevention, Press Release, software, compliance, internal control, internal control tips, fraud, Ernst & Young, key words

Join us for our SSAE 16 Webinar Series

Due to large demand, Vibato has access more dates for our complimentary webinar on how to review your vendors internal control by using their SSAE 16 document (formerly known as SAS 70).

* Title: SAS 70 to SSAE 16: How to Review your Vendors Internal Control Report  * Presenter: Teresa Bockwoldt, Vibato Co-Founder * Date: Starting on March 8, 2012 and continuing each week until April 12, 2012 * Time: 12:00PM - 1:00PM PST * Cost: FREE Vibato, LLC, a leading provider of internal control solutions, invites you to attend a group-internet-live based seminar.  At this free event, our internal control experts will discuss and demonstrate ways to review the new SSAE 16 documents (previously called SAS 70) to ensure your company understands the usefulness of this document, how it can impact your organization, when to ask for one, and what to do with it once you have it.  Who Should Attend?  CFOs, Controllers, Internal Audit, Compliance Executives, Audit Committee Members, External Auditors, Audit Firm Staff Development Directors, are encouraged to attend.    Attendees will receive our complimentary SSAE 16 Analysis Document as a thank you for attending.    Time will be allocated for Q&A with the presenter at the end of the webinar.   Title: SAS 70 to SSAE 16: How to Review your Vendors Internal Control Report   Register for a session now by clicking a date below: Thu, Mar 8, 2012 12:00 PM - 1:00 PM PDT Thu, Mar 15, 2012 12:00 PM - 1:00 PM PDT   Thu, Mar 22, 2012 12:00 PM - 1:00 PM PDT   Thu, Mar 29, 2012 12:00 PM - 1:00 PM PDT   Thu, Apr 5, 2012 12:00 PM - 1:00 PM PDT   Thu, Apr 12, 2012 12:00 PM - 1:00 PM PDT Time: 12:00 PM - 1:00 PM PST   After registering you will receive a confirmation email containing information about joining the Webinar.   System Requirements PC-based attendees Required: Windows® 7, Vista, XP or 2003 Server   Macintosh®-based attendees Required: Mac OS® X 10.5 or newer     Space is limited. Reserve your Webinar seat now!

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Tags: Internal Controls, Sarbanes-Oxley Articles & Information, Compliance tools, 404, 404 audit, SSAE 16, Sarbanes-Oxley Training, compliance, internal control, SAS 70, Internal Control Education, internal control tips