Compliance
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Most companies will likely link executive pay to environmental targets: ING survey
Spurred on by the pandemic, most companies are accelerating their “green transformation” and plan to tie executive pay to environmental goals, ING said in an ESG survey.
By Jim Tyson • April 07, 2021 -
Courtesy of Coinbase
Coinbase's direct IPO could be hard act to follow
High name recognition and strong investor interest are needed to go public when there’s no big underwriter or a road show to generate excitement, a capital raise specialist says.
By Robert Freedman • April 07, 2021 -
Explore the Trendline➔
Photo by LinkedIn Sales Navigator on Unsplash
TrendlineMastering 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 -
Yellen pushes for global minimum corporate tax rate
Yellen deplores “a 30-year race to the bottom” in taxation and says a global minimum corporate tax rate would help bolster U.S. competitiveness.
By Jim Tyson • April 05, 2021 -
SEC accounting chief cautions on SPAC rush
The newly popular IPO alternative is often completed in months, a short time frame that can make public compliance rules hard to meet, a top federal official says.
By Robert Freedman • April 05, 2021 -
Remote auditing not going away post-pandemic
Auditors will continue to work on-site but they’ll also use smart glasses, video, GPS, data analytics and other tech to increase efficiency and effectiveness.
By Robert Freedman • April 01, 2021 -
Fotolia
Companies may want to consider halting quarterly EPS guidance, McKinsey says
Quarterly EPS guidance often provides limited insights, so companies that suspended the reports during the pandemic may want to consider suspending them for good, McKinsey said.
By Jim Tyson • March 31, 2021 -
SEC threatened with lawsuit by state attorney general over ESG disclosure
West Virginia's attorney general threatens to sue the SEC if it compels companies to file disclosures on environmental, social and governance matters.
By Jim Tyson • March 29, 2021 -
New York passes law guiding LIBOR transition for $1.9 trillion in debt
New York lawmakers approved legislation clarifying the switch from LIBOR to an alternative reference rate for much of $1.9 trillion in outstanding contracts.
By Jim Tyson • March 26, 2021 -
House panel flags $84 billion in potential fraud in PPP, other coronavirus crisis loans
Fraudulent loans under the PPP and another coronavirus aid program may total nearly $84 billion, with less than 1% recovered so far, according to a U.S. House panel.
By Jim Tyson • March 25, 2021 -
Deposit Photor
Fraud expected to remain high even as pandemic eases
Examiners say fraud steadily rose as the pandemic continued, and will remain elevated this year.
By Robert Freedman • March 25, 2021 -
SEC accepts FASB's 2021 reporting taxonomies
The updated taxonomies, which use the Extensible Business Reporting Language (XBRL) data-tagging format, include changes to accounting standards and SEC rules companies are encouraged to use in this year's reporting.
By Robert Freedman • March 24, 2021 -
SARINYAPINNGAM via Getty Images
No plans on crypto, ESG, but that could change, FASB chair says
The accounting board is expected to release a standards-setting agenda this summer that reflects stakeholders' input.
By Robert Freedman • March 23, 2021 -
Top Fed official warns banks slow to end use of LIBOR
Federal Reserve Vice Chair Randal Quarles said regulated institutions face “intense” oversight of their transition from the London Interbank Offered Rate (LIBOR).
By Jim Tyson • March 22, 2021 -
Fotolia
Stimulus includes surprise expansion of executive pay curb
A last-minute addition discourages lofty compensation by subjecting an increased number of employees to a deduction cap.
By Robert Freedman • March 22, 2021 -
SEC charges co-founders of Biotech company with $60M fraud
Company executives concealed improper practices by directing employees to provide insurers with backdated and misleading medical records.
By Robert Freedman • March 21, 2021 -
Federal watchdog warns of cybersecurity risks to employee retirement plans
Fiduciaries might not realize they could be liable for losses they were obligated to prevent, the Government Accountability Office says.
By Jim Tyson • March 17, 2021 -
SEC chair wants corporate disclosure of political donations in ESG regime
SEC Acting Chair Allison Herren Lee said disclosure on political spending would help investors ensure company donations align with public ESG statements.
By Jim Tyson • March 16, 2021 -
SEC official: Companies avoiding ESG disclosures 'risk higher costs of capital'
Disclosing some ESG-related issues may eventually prove as important for companies as reporting asbestos-related risks, a top SEC official said.
By Jim Tyson • March 13, 2021 -
EBITDA, factoring, other issues leading to 2020 reporting differences
Companies are showing pandemic impacts in their 2020 financial reports in a variety of ways, a Moody’s analysis finds.
By Robert Freedman • March 11, 2021 -
SEC charges AT&T, executives with selectively providing analysts Info
The company improperly disclosed material nonpublic information to research analysts, the Securities and Exchange Commission alleges.
By Robert Freedman • March 10, 2021 -
Fotolia
Credit risk eases after regulator clarifies sunset of LIBOR, Moody's says
Regulatory clarity on the phase-out of LIBOR has reduced the credit risk tied to billions of dollars in financial contracts, Moody's Investors Service said.
By Jim Tyson • March 09, 2021 -
Deep Dive
CFOs facing an unprecedented range of risks find an edge in analytics
CFOs are adapting to an unusually hazardous business landscape by forecasting with advanced data analytics.
By Jim Tyson • March 08, 2021 -
Piacquadio, Andrea. (2018). Retrieved from Pexels.
OpinionRemote work is the tax compliance mess CFOs feared
Data sheds light on CFOs' challenges as they reconcile tax compliance with remote work.
By Steve Black • March 04, 2021 -
Trump Organization CFO investigated for financial fraud
Allen Weisselberg has overseen the Trump Organization's books for over two decades, and has remained loyal to former President Donald Trump throughout the investigation.
By Jane Thier • March 03, 2021 -
Companies consider cheaper, faster Subchapter 5 bankruptcies
The process’s higher debt threshold opens the door to companies that would otherwise have few options besides expensive Chapter 11.
By Robert Freedman • March 02, 2021
