Compliance: Page 2


  • Benzene, class action, Gill jury verdict, Pennsylvania court
    Image attribution tooltip
    Lanier via Getty Images
    Image attribution tooltip

    $816M ExxonMobil verdict is latest as juries seek environmental justice

    No easing is in sight as companies face backlash for the impact their products have on the environment and public safety, a ruling shows. 

    By Jennifer Paley • Oct. 28, 2024
  • View of trees from corporate building
    Image attribution tooltip
    Fahroni via Getty Images
    Image attribution tooltip

    Most finance leaders believe sustainability targets out of reach: EY

    CFOs leading companies active in the U.S. and Europe face a “fluid picture” when attempting to meet regulations for sustainability reporting, EY said.

    By Oct. 23, 2024
  • Chess pieces positioned on a globe representing the planet earth. Explore the Trendline
    Image attribution tooltip
    the-lightwriter via Getty Images
    Image attribution tooltip
    Trendline

    Top 5 stories from CFO Dive

    The promises and traps of generative AI, revamped modern finance teams and stark geopolitical risks are among the top forces CFOs are grappling with this year.

    By CFO Dive staff
  • Rows of industrial hemp growing in a farm field.
    Image attribution tooltip
    AndrisTkachenko via Getty Images
    Image attribution tooltip

    AICPA asks IRS for fresh cannabis tax guidance

    The potential reclassification of marijuana as a Class III controlled substance has raised questions about tax benefits cannabis companies stand to gain.

    By Oct. 22, 2024
  • Street view of the Securities and Exchange Commission, SEC, Building in Washington DC.
    Image attribution tooltip
    qingwa via Getty Images
    Image attribution tooltip

    SEC settles charges with 4 firms it says downplayed SolarWinds hack exposure

    The agency alleged Unisys, Avaya, Check Point Software and Mimecast misled investors about the extent of their respective cyber risks.

    By David Jones • Oct. 22, 2024
  • FASB board
    Image attribution tooltip
    Courtesy of FASB
    Image attribution tooltip

    FASB advances credit loss accounting relief for private firms

    The credit loss rules grew out of the financial crisis and the concern that banks were delaying recognizing deteriorating asset values. 

    By Oct. 22, 2024
  • Business executive seen talking to an engineer in workwear in front of solar panels.
    Image attribution tooltip
    Max Kegfire via Getty Images
    Image attribution tooltip

    Many middle market firms in ESG ‘wait and see’ mode, RSM says

    While 75% of mid-sized companies have begun preparing for new climate-related regulations, 84% of respondents said they are monitoring developments before taking further action.

    By Chris Gaetano • Oct. 21, 2024
  • The Ernst & Young (EY) offices stand in 1 More London Riverside on October 1, 2018 in London, England.
    Image attribution tooltip
    Jack Taylor / Stringer via Getty Images
    Image attribution tooltip

    EY, PwC voice cautious support for 120-credit hour CPA licensure

    The Big Four accounting firms are now all signalling varied degrees of support for a CPA licensure option that would require 30 fewer college credit hours.

    By Oct. 18, 2024
  • Raytheon Technologies
    Image attribution tooltip
    Courtesy of Raytheon Technologies
    Image attribution tooltip

    RTX to pay more than $950M in bribery, fraud settlement: DOJ

    The Securities and Exchange Commission alleged that last decade RTX, formerly known as Raytheon, used bogus subcontracts with a supplier to pay bribes of nearly $2 million.

    By Oct. 18, 2024
  • Close up of accountant doing paperwork
    Image attribution tooltip
    Worawee Meepian via Getty Images
    Image attribution tooltip

    Most accountants see ethical challenges increasing: ACCA

    Two-out-of-five accountants said they most frequently face ethical challenges at work because of weaknesses in company leadership and culture, the ACCA said.

    By Oct. 15, 2024
  • Header image for "Deloitte Fined Record $19M Over Audit Failures"
    Image attribution tooltip
    Getty Images via Getty Images
    Image attribution tooltip

    Deloitte joins backers of 120-credit hours CPA licensure option

    KPMG and now Deloitte have endorsed a proposed change in CPA licensure requirements allowing candidates to replace a fifth year of schooling with work experience.

    By Oct. 14, 2024
  • An aerial view of flooding from Hurricane Helene.
    Image attribution tooltip
    Mario Tama via Getty Images
    Image attribution tooltip

    5 tips for businesses filing hurricane-related insurance claims

    With Hurricanes Helene and Milton estimated to have cost tens of billions of dollars in damage, it’s important for businesses to carefully document the impact when filing insurance claims.

    By Oct. 11, 2024
  • whistleblower program, Peirce, Uyeda, confidentiality
    Image attribution tooltip
    hapabapa via Getty Images
    Image attribution tooltip

    SEC sanctions Moog Inc. for alleged bribes, accounting flaws in India

    The SEC and Justice Department filed 21 enforcement actions last year alleging violations of the Foreign Corrupt Practices Act.

    By Oct. 11, 2024
  • Financial reports
    Image attribution tooltip
    DNY59 via Getty Images
    Image attribution tooltip

    AICPA moves to amend financial statement standard

    As companies are increasingly outsourcing accounting, the AICPA is looking to amend the standard for financial statements prepared by an external entity.

    By Oct. 8, 2024
  • Conceptual image of green server room.
    Image attribution tooltip
    imaginima via Getty Images
    Image attribution tooltip
    Opinion

    4 ways tech can help CFOs navigate a tricky ESG landscape

    This year has marked the beginning of a groundswell of enhanced, regulated reporting on sustainability and climate data, writes Persefoni’s Emily Pierce.

    By Emily Pierce • Oct. 8, 2024
  • executive compensation
    Image attribution tooltip
    venuestock via Getty Images
    Image attribution tooltip

    CFO compensation at recent IPO companies hits $1.2M average

    Setting executive compensation has become more complex for companies considering an IPO because of regulatory, legal and other factors, Alvarez & Marsal said.

    By Oct. 7, 2024
  • Minnesota State Capitol
    Image attribution tooltip
    Stephen Maturen via Getty Images
    Image attribution tooltip

    AICPA, NASBA draft new CPA rules for states to model

    The proposed update to the Uniform Accountancy Act is a key step toward opening a path to CPA licensure that requires fewer college credits.

    By Oct. 3, 2024
  • Businesswoman working at her desk
    Image attribution tooltip
    Tinpixels via Getty Images
    Image attribution tooltip

    US corporate commitment to diversity in decline, McKinsey says

    “Progress is surprisingly fragile, especially for women of color, who continue to be underrepresented at every level” of the corporate hierarchy, McKinsey said.

    By Oct. 2, 2024
  • Gavin Newsom California AI AI bill
    Image attribution tooltip
    Chip Somodevilla via Getty Images
    Image attribution tooltip

    California governor vetoed SB 1047. What’s next for AI regulation?

    The contentious bill had garnered support from Hollywood and criticism from big tech. Gov. Gavin Newsom attributed his veto to the bill’s scope and broad language. 

    By Lindsey Wilkinson • Sept. 30, 2024
  • Six executives from green banks in localities across the country announce the creation of the Green Bank 50 coalition.
    Image attribution tooltip
    Lamar Johnson/CFO Dive
    Image attribution tooltip

    Climate Week NYC 2024 delivers carbon removal deals, green banking coalition

    The annual climate event launched with announced commitments to triple nuclear energy financing, decarbonization initiatives across the aviation sector and some carbon offset deals.

    By Lamar Johnson • Sept. 27, 2024
  • The U.S. Securities and Exchange Commission seal hangs on the facade of its building.
    Image attribution tooltip
    Chip Somodevilla via Getty Images
    Image attribution tooltip

    SEC charges 12 companies with flawed record-keeping, imposes $88M in fines

    SEC Chair Gary Gensler, during a congressional hearing Tuesday, came under fire from Republicans asserting that he should use regulation more than enforcement to correct company record-keeping.

    By Sept. 24, 2024
  • an employee looks into a screen showing a chatbot interface
    Image attribution tooltip
    Laurence dutton via Getty Images
    Image attribution tooltip

    Data privacy concerns swirl around generative AI adoption

    IT and business professionals fear the technology's adoption can lead to data leakage, according to a Deloitte report.

    By Roberto Torres • Sept. 24, 2024
  • The White House in Washington, D.C.
    Image attribution tooltip
    Alex Wong via Getty Images
    Image attribution tooltip

    Harris, Trump contest raises the stakes on six salient policy points: EY

    “There are more similarities than many people realize between Harris and Trump on some key issues,” according to an EY political analyst.

    By Sept. 20, 2024
  • FASB board
    Image attribution tooltip
    Courtesy of FASB
    Image attribution tooltip

    FASB tees up GAAP codification cleanup for comment

    The codification, effectively the bible for generally accepted accounting principles, is continuously updated. 

    By Sept. 19, 2024
  • Mastercard point of sale, retail
    Image attribution tooltip
    Courtesy of Mastercard
    Image attribution tooltip

    Mastercard CFO to continue working after cancer diagnosis

    Decisions on medical disclosures can be challenging for companies but Mastercard’s approach drew high marks from some corporate governance experts.

    By Sept. 17, 2024
  • SAP signage at its headquarters
    Image attribution tooltip
    Thomas Lohnes via Getty Images
    Image attribution tooltip

    SAP joins $15M funding round for risk detection startup Datricks

    The investment comes as payment fraud targeted at businesses — a key focus of the startup — is surging, with a heavy impact on corporate revenues.

    By Sept. 17, 2024