Compliance
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SAExploration names interim CFO amid SEC probe, restatement of financials
Restating past earnings, along with being costly to a company's bottom line, erodes customer loyalty, and an executive board's new leadership must show substantial, good-faith efforts to restore the trading public's trust.
By Jane Thier • Aug. 22, 2019 -
Kraft Heinz blasts commissioners' comments after $16M settlement
The CFTC alleged the company manipulated the wheat futures market, but the company filed a complaint after individual commissioners spoke about the case.
By Robert Freedman • Aug. 19, 2019 -
SEC charges former CFO of cash advance company with fraud
Alan Heide allegedly signed investors' monthly account statements despite knowing they overstated the company's value and falsely represented the financials.
By Robert Freedman • Aug. 16, 2019 -
SEC easing public companies' business disclosures
Public companies have more flexibility in describing their business and the risks they face in proposed changes to SEC rules.
By Robert Freedman • Aug. 13, 2019 -
IRS aims to curb ID theft with truncated Social Security numbers on W-2s
Starting with returns filed after Dec. 31, 2020, executives can replace the first five digits of employees' Social Security numbers with Xs or asterisks.
By Robert Freedman • Aug. 07, 2019 -
$650 million Equifax settlement a wake-up call for CFOs, security expert says
CFOs are advised to devote the resources to put verification systems in place to avoid the kind of consumer data breach that hit Equifax.
By Jane Thier • Aug. 02, 2019 -
OpinionAs simple as it sounds, just identifying your leases is the highest hurdle to new FASB standards
CFOs of private companies don't have much time to comply with new lease accounting standards even if FASB extends the start date a year, as it has proposed.
By Marc Betesh • Aug. 02, 2019 -
SEC hits Brixmor CFO, former REIT execs with $7M fraud fine
Executives improperly manipulated same-property NOI reporting, subjecting their company to the SEC fine.
By Robert Freedman • Aug. 02, 2019 -
FASB to delay lease accounting rules until 2021
New lease accounting standards won't go into effect until 2021 for private companies in a FASB proposal that's expected to be adopted soon.
By Robert Freedman • Aug. 01, 2019 -
What Facebook's $5B FTC settlement means for Zuckerberg, third parties and corporate structure
The social network essentially had its data privacy standards set by "their most click-happy friend," said Gustav Eyler, director at the Department of Justice.
By Samantha Ann Schwartz • July 25, 2019