Compliance


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    Just 9% of finance departments have primary ESG oversight: survey

    Evidence of loose internal controls related to environmental, social and governance (ESG) data comes as the potential cost of companies getting ESG reporting wrong are rising. 

    By Aug. 5, 2022
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    SEC should require global tax disclosure: transparency group

    Spotty public disclosure by U.S. companies on foreign tax risk may erode investor confidence and increase the odds of financial market instability, according to the FACT Coalition.

    By Aug. 4, 2022
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    Trendline

    Mastering revenue recognition

    Improper revenue recognition is companies' No. 1 reporting violation, according to the SEC, underscoring the importance of sound compliance practices.    

    By CFO Dive staff
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    Bankrupt Celsius, investors clash over former CFO advisory role, allege double dipping

    Investors are taking steps to block Celsius from tapping former CFO Rod Bolger as a bankruptcy advisor, a bid that comes with a costly $92,000 monthly price tag for the insolvent company.

    By Aug. 4, 2022
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    FTC widens federal crackdown on COVID-19 scams

    The Federal Trade Commission triumphed in lawsuits against companies that in early 2020 exploited the rush to combat the coronavirus.

    By Aug. 2, 2022
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    PCAOB, SEC double down on full access to audits in China

    The Public Company Accounting Oversight Board (PCAOB) doesn’t have the authority to remove foreign companies from U.S. exchanges but a 2020 law gives the Securities and Exchange Commission authority to do that if the PCAOB isn’t getting cooperation.

    By Aug. 2, 2022
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    Kevork Djansezian via Getty Images

    CFOs look for consistency, transparency in emerging sustainability requirements

    CFOs globally are asking for added transparency and more consistency as regulatory bodies gear up to publish sustainability reporting standards later this year.

    By Aug. 1, 2022
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    Sponsored by T-Mobile for Business

    Leveraging the right kinds of technology to handle communications more effectively

    As companies continue to face challenges in mobile communications — from both an administrative and budget perspective — better solutions are sorely needed.

    Aug. 1, 2022
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    SEC may take ‘fresh look’ at auditor conflicts of interest: Gensler

    Decades after the Enron accounting scandal led Congress to direct the SEC to create stronger barriers between auditors and other parts of their firms, auditor conflicts of interest persist.  

    By July 28, 2022
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    Insurer Aspen switches to E&Y after accounting weaknesses surface

    Aspen’s hiring of Ernst & Young follows the resignation of KPMG after the insurer identified “material weaknesses” in internal controls related to its financial reporting. 

    By July 27, 2022
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    Crypto firm Celsius to tap former CFO to advise on bankruptcy proceedings

    Cryptocurrency firm Celsius filed a motion Monday to bring in former CFO Rod Bolger, who served in the position for five months, as an advisor as it continues through Chapter 11 bankruptcy proceedings.

    By July 27, 2022
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    Q&A

    Unpacking crypto and FASB's new priorities with Richard Jones

    The Financial Accounting Standards Board Chair Richard Jones discussed the organization’s agenda, a possible quick fix and the accounting topic that finally trended on social media.

    By July 18, 2022
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    Six U.S. states cut corporate tax rates

    Although only four states forgo a corporate income tax, six states this year have eased the tax burden on companies.

    By July 15, 2022
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    Expanded use of tax-credit accounting method wins FASB nod

    If the accounting guidance is formally updated, the proportional amortization method could be used for renewable energy tax credits and others beyond the low-income housing tax-credit program it is now tied to.  

    By July 15, 2022
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    Opinion

    The ABCs and IRCs of cannabis accounting

    From cash control issues to inadequate reporting and point of sale (POS) software, accounting for cannabis dispensaries is no easy feat and the wrong move can land a company in serious legal trouble.

    By Andrew Hunzicker • July 14, 2022
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    Justin Sullivan via Getty Images

    FASB mulls expanding use of tax credit accounting treatment

    The guidance, issued in 2014 partly to encourage investments in low-income housing projects that might otherwise lack capital, could ultimately impact Solar Investment Tax Credits and other programs.

    By July 12, 2022
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    Brainard urges more oversight of crypto

    The Federal Reserve vice chair on Friday said the May collapse of the Terra stablecoin, which wiped out millions of dollars in a matter of days, was “reminiscent of classic runs throughout history.”

    By Anna Hrushka • July 11, 2022
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    Andy via Getty Images

    Tapping the cloud can help CFOs craft data-driven ESG strategies

    CFOs should look to the cloud and other data-driven technologies to help them build out holistic, long-term ESG strategies in the face of changing regulatory and social pressures.

    By July 8, 2022
  • Office workstation top view of business people working around M&A, keyboard, calculator, phablet and money on wooden table
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    M&A falls 21% during first half 2022 amid global turmoil: Refinitiv

    As the M&A market shrinks following a banner year in 2021, CFOs eager to pursue a deal can still draw from abundant capital.

    By July 7, 2022
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    Federal auditor watchdog reveals inspection goals for 2022

    The Public Company Accounting Oversight Board describes its main points of scrutiny this year as audit firms face criticism from their clients and regulators.

    By July 5, 2022
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    Courtesy of FASB

    Investors nudged FASB to crypto, carbon credits: report

    The U.S. accounting standard setter drew a three-fold jump in investor feedback after launching an initiative in 2020 to get more input on where it should focus its efforts.

    By June 30, 2022
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    Dobbs decision will cause worker retention challenges for CFOs

    The overturning of Roe v. Wade will likely lead to sweeping logistical and worker retention challenges for CFOs and employers operating across state lines, experts say. 

    By June 29, 2022
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    qingwa via Getty Images

    SEC fines EY $100M for ethics exam cheating

    The SEC penalty against EY follows a $50 million fine against KPMG in 2019 for cheating on internal training exams.

    By June 28, 2022
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    SPAC backing Trump issued grand jury subpoenas, shares plunge

    Federal investigations of Trump’s attempted SPAC deal may set back his plan to build a social media channel and bounce back from his Twitter ban.

    By June 27, 2022
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    Sponsored by Protiviti

    3 foundational steps to help CFOs and their companies manage ESG data

    Learn how to lay the groundwork for well-organized data management across its entire ESG program.

    By Zachary Unger, Managing Director, Business Performance Improvement & Melanie Larkins, Associate Director, Business Performance Improvement • June 27, 2022
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    Peter Macdiarmid via Getty Images

    FASB preps to revamp 'outdated' accounting for software

    FASB’s latest move comes as the typically slow-moving U.S. standard-setter has been on something of a tear lately, grappling with hot-button issues including cryptocurrency and goodwill.

    By June 23, 2022