Compliance


  • An Internal Revenue Service building.
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    Chip Somodevilla via Getty Images
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    IRS waives penalty tied to new 15% corporate minimum tax

    Companies have an extra year to determine their liability under the complex minimum tax signed into law last year.

    By June 8, 2023
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    Dan Kitwood via Getty Images
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    California lawmaker weighs in on FASB crypto proposal

    Sherman, a ranking member of the House Financial Services’ Subcommittee on Capital Markets, has sought to ban crypto — which he has called “an electronic pet rock.”  

    By June 8, 2023
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    Newbird via Getty Images
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    Trendline

    ESG transforming CFO role

    Companies are turning to their CFO to identify ways to measure and report on their organization's environmental, social and governance (ESG) performance.    

    By CFO Dive staff
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    Dan Kitwood via Getty Images
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    Crypto heavy hitters largely back FASB fair-value fix

    The support that the proposed accounting change has drawn from many crypto companies contrasts with the history of tension between the young sector and regulators.  

    By June 7, 2023
  • Image of magnifying glass and the word audit beneath it.
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    Olivier Le Moal via Getty Images
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    PCAOB aims to sharpen auditor focus on fraud

    The U.S. audit watchdog said its newest proposal would speed notification of noncompliance, reducing ultimate costs to investors.

    By June 7, 2023
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    cgtoolbox via Getty Images
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    Canadian regulators suspend ex-blockchain CEO, CFO

    Robert Earle Dawson and David Malcolm Alexander were temporarily suspended for misrepresenting that their former company would retain just a small portion of funds raised. 

    By June 6, 2023
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    Alex Wong via Getty Images
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    GOP lawmakers tell Gensler not to bow to EU’s tough climate rules

    The Biden administration aims to allow strict EU standards on climate risk to guide actions by U.S. companies, according to top Republican legislators.

    By June 6, 2023
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    Zach Gibson via Getty Images
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    FASB tax disclosure plan draws fire

    Some heated feedback elicited by the proposed new tax disclosure requirements suggests the road to consensus might still be rocky.

    By June 1, 2023
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    Pete Souza. Retrieved from habengirma.com.
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    Accessible tech advocate Haben Girma gets CFO audience

    Girma, the first blind and deaf woman to graduate from Harvard, is set to speak at Gartner’s 2023 CFO & Finance Executive Conference.

    By May 30, 2023
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    Opinion

    Accounts payable shouldn’t be a cost center

    CFOs are under growing pressure to drive efficiencies at zero cost. Leveraging intelligent automation to process invoices can help, Steven Cronin writes.

    By Steven Cronin • May 26, 2023
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    ChatGPT aces CPA exam after prior version flunked

    ChatGPT-3.5 took the CPA exam and got an “F.” The newest version of the AI learned from the failure, however, and nailed the test, researchers said.

    By May 25, 2023
  • Securities and Exchange Commission, SEC, Building in Washington DC
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    qingwa via Getty Images
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    SEC enforcement not ‘a game of gotcha,’ Grewal says

    The SEC will press on with aggressive enforcement while seeking to collaborate with companies under scrutiny, the agency’s enforcement director said.   

    By May 23, 2023
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    Justin Sullivan via Getty Images
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    Investors oppose using ESG criteria in retirement funds: Gallup

    U.S. companies face intense pressure to embrace sustainability even as many Americans do not want ESG goals to guide the investment of their retirement money.

    By May 22, 2023
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    Just_Super via Getty Images
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    Ex-fabric CFO accused of losing $35M in crypto crash

    The former CFO is charged with investing the funds without permission into his own crypto venture before losing them during the market’s crash, according to a federal indictment.

    By May 18, 2023
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    SARINYAPINNGAM via Getty Images
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    SEC fines 10 microcaps for flawed stock offerings

    The SEC sanctioned small companies that failed to follow rules under Regulation A, which offers early-stage businesses a low-cost way to raise capital.

    By May 16, 2023
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    Alex Wong via Getty Images
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    U.S. Chamber sues SEC, slamming buyback rule

    An effort to block rules on stock repurchases is the latest pushback by business groups against an unusually active regulatory agenda at the SEC.

    By May 15, 2023
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    Fahroni via Getty Images
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    Retailers lag, energy firms lead in environmental disclosures: Fitch

    Standards for gauging sustainability are gelling amid a backlash against government plans to require corporate disclosure on climate risk.

    By May 12, 2023
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    Ronstik via Getty Images
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    FASB’s tax proposal will ‘change the game’

    Previous FASB calls for greater income tax transparency have drawn pushback from businesses. This time the initiative appears to be gaining steam.

    By May 12, 2023
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    Stock photo via Getty Images
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    FASB moves to tweak carried interest accounting

    The FASB’s proposed changes to accounting guidance on so-called carried interest isn’t likely to make the same kind of waves that proposed changes to related tax rules caused.

    By May 11, 2023
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    Chip Somodevilla via Getty Images
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    PwC, KPMG China audits are flawed: PCAOB

    The PCAOB findings follow U.S. success in overcoming opposition from Beijing to the inspection of audits of China-based companies listed on U.S. stock exchanges.

    By May 11, 2023
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    Courtesy of RS Group
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    RS Group CFO resigns over relationship with colleague

    A month following a C-suite shakeup, RS Group’s CFO is resigning due to a relationship with an employee.

    By May 3, 2023
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    Stock photo via Getty Images
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    Audit partners suffer after writing critical ICOs: study

    Audit firms face a conflict between sustaining income from client fees and their legal obligation to identify weaknesses in a client’s internal controls, researchers said.

    By April 28, 2023
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    gorodenkoff via Getty Images
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    AI to help with ‘day two’ lease accounting

    With the FASB issuing updated guidance, the proper use of AI will be key for growth.

    By April 27, 2023
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    David McNew via Getty Images
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    ESG reporting standard setter extends reach

    The global effort to harmonize rules for corporate sustainability reporting is gaining momentum and expanding beyond concerns about climate change.

    By April 21, 2023
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    Khanchit Khirsutchalual via Getty Images
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    Research, interest deduction changes bedevil tax filers

    Two provisions of the 2017 Tax Cuts and Jobs Act that went into effect last year are still catching some finance leaders off guard.

    By April 21, 2023
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    "Audit" by GotCredit is licensed under CC BY 2.0
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    PCAOB flags widespread weaknesses in audits of SPACs

    The criticism of SPAC audits follows a surge in restatements by the so-called blank-check companies.

    By April 20, 2023