Compliance


  • SEC charges husband for insider trading on wife’s deal-making for BP

    A Houston resident overheard merger negotiations by his wife, a former BP employee, and engaged in insider trading, the SEC alleged.

    By Feb. 23, 2024
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    Courtesy of Honda Aircraft Co.

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    IRS targets ‘under the radar’ misuse of corporate jets: Werfel

    The IRS has stepped up tax enforcement since Congress approved a $80 billion funding boost in 2022.

    By Feb. 22, 2024
  • U.S. mint Explore the Trendline
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    tsimage via Getty Images
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    Trendline

    Top 5 stories from CFO Dive

    Cooling inflation, an M&A rebound and an AI reckoning are among the top forces that could shape the corporate finance world this year.

    By CFO Dive staff
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    Spencer Platt via Getty Images
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    Judge orders Trump Organization to pay $364M in long-awaited civil fraud ruling

    Judge Engoron also permanently banned the organization’s ex-CFO and ex-controller from serving in the financial control function of any New York corporation.

    By Feb. 16, 2024
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    KamiPhotos via Getty Images
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    Former NJ law firm CFO charged in $1.5M embezzlement scheme

    The ex-finance chief had his law firm pay $355,256 in credit card ex-expenses for himself and his family, the New Jersey Attorney General alleges.

    By Feb. 16, 2024
  • Donald Trump and Alina Habba speaking after trial
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    Spencer Platt via Getty Images
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    Imminent Trump civil fraud ruling could spur due diligence reckoning

    The anticipated ruling could serve as warning to executives at companies run by dominant personalities to do their own due diligence on financial matters, Hofstra's Jack Castonguay said.

    By Feb. 16, 2024
  • IRS Commissioner Daniel Werfel.
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    Alex Wong via Getty Images
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    Werfel defends IRS against Republican efforts to slash funding

    Before the approval of $80 billion in extra funding in 2022, the Internal Revenue Services fielded just one examiner for every 150 of the largest tax filers, IRS Commissioner Daniel Werfel said.

    By Feb. 15, 2024
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    Auditors should follow tougher standards for identifying fraud: IAASB

    A proposal for stricter rules by the global standard setter for corporate audits follows what it says is a rash in fraud cases in recent years.

    By Feb. 12, 2024
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    Courtesy of Hewlett Packard Enterprse
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    HPE seeks to recoup $4B in long-running fraud case

    Hewlett Packard Enterprise attorneys want the founder and ex-CFO of Autonomy to pay for the steep losses HPE faced after acquiring their firm.

    By Feb. 12, 2024
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    Jemal Countess via Getty Images
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    R&D tax rollback proposal leaves CFOs ‘on edge’

    Many businesses applauded when a tax package with the key R&D provision sailed through the U.S. House. Now they’re waiting for the Senate to act.

    By Feb. 8, 2024
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    MF3d via Getty Images
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    Yellen backs legislation to avert AI threat to financial stability

    Testimony by the Treasury Secretary follows a pledge by the Biden administration to seize on the benefits of artificial intelligence while containing its risks.

    By Feb. 8, 2024
  • Allen Weisselberg in court on October 2023
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    Michael M. Santiago via Getty Images
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    Ex-CFO’s alleged perjury should not impact Trump civil fraud decision, lawyers say

    Reports of potential perjury raise questions about the credibility of the former finance chief’s testimony during the Trump Organization’s civil fraud trial.

    By Feb. 8, 2024
  • A sign that says "Internal Revenue Service Building" is seen in front of the agency's building.
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    Zach Gibson via Getty Images
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    IRS to collect $561B more in tax revenue with new enforcement funds

    The Treasury highlighted the payoff from stepped up funding for IRS enforcement as Republicans seek to cut the agency budget.

    By Feb. 7, 2024
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    Chip Somodevilla via Getty Images
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    CEO, CFO compensation clawback helps tech firm skirt SEC fine

    Cloopen Group avoided civil penalties after cooperating with the agency and taking remedial steps, despite an accounting fraud scandal that triggered SEC charges.

    By Feb. 7, 2024
  • Allen Weisselberg arrives at court
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    Stephanie Keith via Getty Images
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    Ex-Trump CFO could face prison again, experts say

    Judge Arthur Engoron shone a spotlight on the ex-CFO’s credibility in a Tuesday email, asking attorneys in the Trump civil fraud case for clarity on the potential plea.

    By Feb. 6, 2024
  • Treasury Secreatry Janet Yellen peers behind her glasses on Capitol Hill.
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    Chip Somodevilla via Getty Images
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    Yellen says commercial real estate losses may leave banks ‘quite stressed’

    Bank regulators aim to avert turmoil caused by a slump in the value of commercial real estate, Treasury Secretary Janet Yellen said in testimony to a House committee.

    By Feb. 6, 2024
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    Clorox says it incurred $49M in costs from 2023 cyberattack

    The breach caused system disruptions that led to order processing delays and “significant product outages,” negatively impacting net sales and earnings.

    By Feb. 6, 2024
  • Allen Weisselberg departs court
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    Stephanie Keith via Getty Images
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    Ex-Trump CFO in perjury plea talks: NY Times

    A potential deal requiring ex-Trump CFO Allen Weisselberg admit to perjury comes as a ruling is imminent in the NY AG’s $370 million civil fraud case. 

    By Feb. 2, 2024
  • SEC wins legal victory against former tech CFO in accounting fraud case

    Former CFO Karen Rosenberger is accused of helping software provider Synchronoss to engage in “long-running accounting improprieties.”

    By Jan. 31, 2024
  • A businessperson reviews different types of data produced by technology
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    CFOs must keep focus on ‘streamlined, clean’ data, Infosys exec says

    Wrestling insights out of previously siloed data in a compliant, effective manner is paramount for CFOs looking to take advantage of generative AI technologies.

    By Jan. 30, 2024
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    TIAA sues SVB ex-CEO, ex-CFO to recoup investment losses

    The conduct of Silicon Valley Bank’s former leaders has come under heavy fire since its collapse last year, which marked the largest banking failure seen since 2008.

    By Jan. 29, 2024
  • Securities and Exchange Commission (SEC) Chair Gary Gensler listens during a meeting.
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    Anna Moneymaker via Getty Images
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    SEC kicks dead SPAC horse with new rules

    The commission is taking action to rein in SPACs as the once booming market is struggling to recover from a slump.

    By Jan. 25, 2024
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    Deep Dive

    2024 proxy outlook: What’s driving the ESG proposal approval dip?

    Major asset managers and a spate of anti-ESG proposals helped push approval rates down, yet even more ESG proposals are expected after a record 2023.

    By Lamar Johnson • Jan. 25, 2024
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    76% of companies link pay to ESG performance in rising trend: WTW

    The biggest companies are weaving ESG into pay incentives despite a backlash against the use of sustainability as a metric for corporate performance.

    By Jan. 24, 2024
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    Nespix via Getty Images
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    EY: As AI compliance looms, CFOs are strategy ‘nerve center’

    Balancing innovation with compliance, CFOs are essential in creating companies’ AI strategy, EY’s Liban Jama said.

    By Jan. 22, 2024
  • Donald Trump holds up news story of NY AG
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    NY AG, Trump clash in final $370M civil fraud tug-of-war

    Attorneys laid out their closing arguments in the NY AG’s $370 million civil fraud trial that has put accounting under a surprising spotlight.

    By Jan. 11, 2024