The Compliance Consortium, an international group that promotes effective governance, risk and compliance management, has merged with the Open Compliance and Ethics Group, a nonprofit organization specializing in compliance and risk-management strategies. The merger is effective immediately. Members of the Compliance Consortium will serve as the initial members of the newly created OCEG Technology Council. Ted Frank, chairman of the Compliance Consortium advisory council and president of governance software provider Axentis, will join the OCEG's overall Leadership Council and head the newly formed Technology Council. Sebastian Holst, president of the Compliance Consortium, said that one of the OCEG Technology Council's first objectives will be to expand its membership to include commercial organizations and other technology providers.
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The IRS provided an electronic way to file a protective claim for a possible tax refund related to the COVID-19 pandemic ahead of a July 10 deadline.
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Final regulations identify charitable remainder annuity trusts as "listed transactions," akin to tax shelters that need to be disclosed to avoid penalties.
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A new Automatic Exemption from Penalty process aims to provide relief for taxpayers with a history of usually filing and paying their taxes on time.
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The Top 25 Firm acquired Mid-Atlantic Regional Leader Kreischer Miller in Horsham, Pennsylvania.
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AI is shifting the economics of build-versus-buy as more firms turn to apps created not by software vendors but by code generators such as Claude, Replit, or Cursor.
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The time saved by using AI is being eroded by the time spent verifying its outputs.
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