Compliance


  • Tax word on wooden blocks with calculator, pen, magnifying glass and data analysis background.
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    Jerome Maurice via Getty Images
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    CFOs mull future benefits for AI in tax: insightsoftware

    When it comes to bringing AI into tax, it remains a bit of a “wait and see” for finance chiefs, said insightsoftware’s Josh Schauer.

    By April 11, 2024
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    Courtesy of ADM
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    Suspended ADM CFO’s pay ticked up in 2023 to $4.5M

    The majority of Vikram Luthar’s pay package for last year came from $3.4 million in stock awards, according to Archer Daniels Midland’s proxy filing.

    By April 11, 2024
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    John Moore via Getty Images
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    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 performance.    

    By CFO Dive staff
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    Brandon Bell via Getty Images
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    Lack of uniform standards and disclosures a roadblock to scaling transition finance: report

    A lack of standardized definitions, metrics and transition finance instruments endorsed by international organizations threatens broader adoption, the CFA Institute said.

    By April 11, 2024
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    Jack Taylor via Getty Images
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    PCAOB levies record $25M fine on KPMG Netherlands for exam cheating

    The $25 million penalty is the largest fine of any type imposed by the auditor watchdog since it was created in 2002 following the Enron accounting scandal. 

    By April 10, 2024
  • Microsoft Headquarters in Redmond, Washington.
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    Stephen Brashear via Getty Images
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    Nation-state actors drive up cyberthreats

    Microsoft and Hewlett Packard Enterprise are among companies that have recently reported high-profile cyber intrusions attributed to nation-state actors.

    By April 9, 2024
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    iStock/Getty Images Plus via Getty Images
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    Companies fall short on curbing cybersecurity risks from vendors: Moody’s

    Cyberrisks are mounting, with artificial intelligence likely to increase the threat of attack in the short to medium term, Moody’s said.

    By April 8, 2024
  • Image of magnifying glass and the word audit beneath it.
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    Olivier Le Moal via Getty Images
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    Deploying AI in accounting poses 12 audit risks: CAQ study

    CFOs see the value of generative artificial intelligence but may not fully grasp its audit risks, according to the Center for Audit Quality.

    By April 5, 2024
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    Lazarev via Getty Images
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    FASB to borrow from international rules for government grants

    Many businesses and financial report preparers already rely on the IAS government grant accounting rules because GAAP is silent on the subject.

    By April 5, 2024
  • Allen Weisselberg entering courthouse
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    Michael M. Santiago via Getty Images
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    NY AG prods for missing email relating to ex-Trump CFO’s perjury plea

    Allen Weisselberg’s testimony surrounding the triplex was central to the charges of perjury levied against the former CFO, who is set to begin a five-month jail sentence on April 10.

    By April 5, 2024
  • AT&T To Merge Warner Media With Discovery
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    Justin Sullivan / Staff via Getty Images
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    AT&T hit with proposed class action suit over massive data breach

    The breach was a “direct result” of AT&T’s failure to implement adequate cybersecurity procedures, the suit alleges.

    By April 2, 2024
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    Courtesy of Tupperware
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    Tupperware flags accounting strains in late 10-K notice

    The late notice comes roughly five months after Tupperware said its former independent auditor PricewaterhouseCoopers declined to be re-appointed. 

    By April 1, 2024
  • Court of Law and Justice Trial Session: Imparcial Honorable Judge Pronouncing Sentence, striking Gavel. Focus on Mallet, Hammer. Cinematic Shot of Dramatic Not Guilty Verdict.
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    gorodenkoff via Getty Images
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    Ex-construction CFO pleads guilty to wire fraud stemming from $890K embezzlement scheme

    The former CFO is required to pay restitution of $890,000 in addition to other penalties and may also face time in prison.

    By April 1, 2024
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    Lazarev via Getty Images
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    FASB fine-tunes proposed expense disclosure rule

    The proposed accounting standards update is one of several initiatives that have been a priority for FASB under the general theme of disaggregation.

    By March 29, 2024
  • The U.S. Securities and Exchange Commission seal hangs on the facade of its building.
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    Chip Somodevilla via Getty Images
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    SEC fines Arista Networks founder Bechtolsheim $1M for insider trading

    Andreas “Andy” Bechtolsheim, who resigned as Arista chairman in December, allegedly arranged put options contracts for a relative based on non-public information about an imminent deal.

    By March 26, 2024
  • The dome of the U.S. Capitol with a U.S. flag is shown in front of a spread of dollars of different amounts in this photo image.
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    Greggory DiSalvo via Getty Images
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    Tax-free M&A comes in crosshairs of bipartisan Senate legislation

    An effort to scuttle deal-making tax exemptions coincides with signs of life in M&A after a severe slump last year.

    By March 25, 2024
  • Securities and Exchange Commission Chair Gary Gensler speaks during a hearing.
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    Kevin Dietsch via Getty Images
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    SEC busts company behind $300M crypto Ponzi scheme targeting Latinos

    Under the leadership of Gary Gensler, the SEC has intensified efforts to protect investors involved in what he calls the “Wild West” of crypto assets.

    By March 15, 2024
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    Christopher Furlong via Getty Images
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    EU lawmakers pass sweeping AI rules with global reach, stiff penalties

    Penalties include up to €35 million or 7% of a company’s total worldwide annual turnover — whichever is higher — for violations of a ban on “emotion recognition” in the workplace.

    By March 13, 2024
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    qingwa via Getty Images
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    New SEC cyber rules draw ‘question-begging’ breach disclosures

    Filers may be opening the door to investor confusion by reporting breaches that don’t appear to be “material” as described, without explaining why.

    By March 12, 2024
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    aimintang via Getty Images
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    Minnesota bill with 120-hour CPA path inches forward

    The Minnesota bill would allow future certified public accountants to sidestep the need for a fifth year of college. It is controversial.

    By March 11, 2024
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    Permission granted by Andy Gerit
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    Visa spends ‘billions’ battling cybersecurity threats

    “We are all in an arms race to protect this ecosystem, to protect the network,” Visa CEO Ryan McInerney said at an investor conference last week.

    By Lynne Marek • March 11, 2024
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    pcess609 via Getty Images
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    Pillar 2 tax heightens CFO need for quality data

    In 2021 more than 130 countries agreed to implement Pillar 2, which seeks to set a global minimum effective tax rate of 15% for certain multinational enterprises.

    By March 6, 2024
  • Gary Gensler smiles as he prepares to sit and testify
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    Drew Angerer via Getty Images
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    SEC drops scope 3 from final climate rule

    The agency said scope 3 was removed due to a large number of comments concerning compliance costs, as well as the consistency and reliability of scope 3 data.

    By Lamar Johnson • March 6, 2024
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    AzmanL via Getty Images
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    Gender diversity on boards correlates with high credit quality: Moody’s

    Investors seek greater gender and racial diversity on corporate boards, according to the Securities and Exchange Commission.

    By March 5, 2024
  • Group photo of employees who work for equity platform provider Slice.
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    Permission granted by Slice
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    Tech startup Slice raises $7M for equity compensation platform

    The funding will help the startup to further develop the platform while expanding its geographic reach, according to CEO Maor Levran.

    By March 5, 2024
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    David McNew via Getty Images
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    93% of firms use a mix of ESG standards, thwarting uniformity efforts: IFAC

    The spotlight on confusion from a jumble of ESG frameworks comes just days before a vote on an SEC rule aimed at ensuring uniformity in climate disclosure.

    By March 4, 2024