75% of companies unprepared for coming ESG audits: KPMG

As regulators worldwide begin to mandate ESG disclosures, only 25% of companies are ready for audits of their reports, KPMG said.

By Jim Tyson • Sept. 26, 2023

22 Republican AGs accuse net-zero alliance of antitrust violations

The letter, led by Tennessee Attorney General Jonathan Skrmetti, alleges the Net Zero Financial Services Providers Alliance’s market influence could “deprive disfavored companies of economic opportunities.”

By Lamar Johnson • Sept. 19, 2023

Explore the 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

FASB hands businesses some tax wins

The FASB made a few changes that companies wanted before moving forward with new tax rules last month, KPMG Partner Brett Weaver said.  

By Maura Webber Sadovi • Sept. 18, 2023

SEC fines Lyft for failing to disclose $424M, pre-IPO stock sale

Lyft is required under federal securities laws to disclose stock transactions exceeding $120,000 that involve a person with ties to the company, the SEC said.

By Jim Tyson • Sept. 18, 2023

Apple backs California climate bill requiring large companies to disclose carbon footprint

Senate Bill 253 would require businesses operating in the Golden State that make over $1 billion to report their greenhouse gas emissions annually.

By Zoya Mirza • Sept. 14, 2023

Grayscale CFO says FASB met the crypto moment

Ed McGee’s praise for the new crypto rules comes as the digital asset manager is battling the SEC to launch the first bitcoin exchange-traded fund.

By Maura Webber Sadovi • Sept. 13, 2023

Brookings’ Klein calls for regulators to speed up ‘tepid’ FedNow adoption

It’s risky to rely entirely on market forces to drive the use of the Fed’s new instant payments service, says Brookings Senior Fellow Aaron Klein.

By Suman Bhattacharyya • Sept. 13, 2023

Gensler says Scope 3 emissions flap delays final climate risk rule

Republican senators criticized Gensler for what they said is a burdensome and divisive regulatory agenda.

By Jim Tyson • Sept. 12, 2023

SEC fines Monolith for violating whistleblower safeguards

Privately held companies, like their publicly traded counterparts, must uphold SEC-mandated safeguards for whistleblowers, the agency said.

By Jim Tyson • Sept. 11, 2023

Investor coalition lobbies standard setter to prioritize human and workers’ rights

ShareAction’s letter urges the International Sustainability Standards Board to also look at human capital and human rights together when it considers disclosures reporting.

By Lamar Johnson • Sept. 11, 2023

SEC fines Fluor $14.5M for accounting flaws

Fluor last decade failed to deploy the internal controls needed for its use of the percentage of completion accounting method, the SEC said.

By Jim Tyson • Sept. 7, 2023

CFOs are ‘squarely’ in ERP decision process, Deloitte’s Farhat says

Transformation is a key way for CFOs to cut costs and boost profit, but finance chiefs need to keep compliance front and center, Deloitte’s Isa Farhat advises.

By Grace Noto • Sept. 6, 2023

FASB finalizes new fair value crypto accounting

Many crypto companies have clamored for the fair value fix, which won't apply to such assets as NFTs.

By Maura Webber Sadovi • Sept. 6, 2023

SEC cyber rules go into effect, raising stakes for CFOs

Armed with its new rules that expand on prior guidance, the regulator could be poised to double down on aggressive cybersecurity enforcement, experts say.

By Alexei Alexis • Sept. 5, 2023

Flawed accounting surges 150%: Glass Lewis

Company reports during the 2023 proxy season reveal that many newer businesses have had to correct financial statements and upgrade internal controls.

By Jim Tyson • Aug. 30, 2023

Revenue leaders crave automation, data visibility: Zuora

Understanding where one can do more with automation can help CFOs make faster strategic decisions and ease the burdens of stressed accountants, Zuora’s Emily Daigle said.

By Grace Noto • Aug. 29, 2023

SEC signals sharper scrutiny of soured real estate loans

A report from the Arnold & Porter law firm warns “accounting for expected credit losses will be a high priority for bank examiners and the staff of the SEC.”

By Maura Webber Sadovi • Aug. 28, 2023

Trump’s tariff would shrink GDP 1.1%: Tax Foundation

A new, far-reaching round of tariffs promoted by Trump would harm profits and productivity at U.S companies, according to a recent report.

By Jim Tyson • Aug. 28, 2023

Nasdaq to delist Republic First for failing to file SEC paperwork

The Philadelphia bank blamed previous leadership for delays in its audit and annual report. The lender has weathered board upheaval and a spike in trading when similarly named First Republic faltered.

By Dan Ennis • Aug. 22, 2023

Bank, ex-CFO settle with SEC over ‘material misstatements’

The former CFO of Malvern Bancorp failed to maintain accurate books and records and implement effective internal controls over financial reporting, the SEC found.

By Alexei Alexis • Aug. 17, 2023

SEC settles with Crowe U.K. over botched audit claims

The firm violated Public Company Accounting Oversight Board standards in connection with an audit of music streaming business Akazoo, the SEC found.

By Alexei Alexis • Aug. 16, 2023

SEC cyber rules ignite tension between reputation and security risk

The rules, which take effect Sept. 5, encountered mixed reactions. Some champion board-level cyber accountability. Others say the rules are too big of a lift.

By David Jones • Aug. 15, 2023

Who will pay to decarbonize the supply chain?

Some brands are helping their suppliers reduce greenhouse gas emissions. Others are dumping new requirements on vendors without shouldering any of the costs.

By Ben Unglesbee • Aug. 15, 2023

US Chamber urges SEC to delay cyber rule implementation

The SEC has “chosen speed over accuracy” while ignoring important business community concerns in pushing out the new regulations, the U.S. Chamber of Commerce asserts.

By Alexei Alexis • Aug. 15, 2023

6 CFO tips for handling the backlash against ESG

The ESG backlash has compelled companies to alter their sustainability strategies, including ensuring close alignment with core business goals, the Conference Board said.

By Jim Tyson • Aug. 9, 2023