(Bloomberg) JPMorgan Chase & Co.’s board of directors assigned former KPMG International Chairman Timothy Flynn to its risk committee after an internal probe blamed lax controls for a $5.8 billion trading loss in London.
Flynn, who retired from the accounting firm in October and was elected to JPMorgan’s board in May, joined the risk panel in July, confirmed Joe Evangelisti, a spokesman for the New York-based lender.
The company is the largest bank in the U.S. by assets.
Experts from the Fed, Intuit and the Urban-Brookings Tax Policy Center explored ideas for more effective ways to advance the goals of the mortgage interest deduction.
Ross Tennenbaum said he intends to improve its customer experience, and hinted at an e-invoicing partnership with a blue chip company.
Accounting and finance professionals are expressing greater confidence about the world economy this year, according to a new survey.
PricewaterhouseCoopers US is realigning its organizational structure across three lines of service — Assurance, Tax and Advisory — starting in July.
Ernest John Nedder, a partner and chief strategy officer at RSM US LLP, will be the next CEO of the RSM International network, succeeding longtime CEO Jean Stephens on June 1.
