Compliance: Page 2

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

Explore the Trendline➔

Trendline

Mastering 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

Opinion

Remote 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

US tax executives seeing more taxation disputes, survey finds

The economic fallout from the pandemic has prompted U.S. companies to alter their tax strategies and has increased disputes over taxation, according to a BDO survey.

By Jim Tyson • March 02, 2021

Gulfport failed to disclose perks, SEC says; CEO penalized

The gas exploration and development company avoided a fine by fixing the problem quickly, but the CEO was hit with a civil fine for causing the disclosure failures.    

By Robert Freedman • March 01, 2021

Opinion

Making pandemic-related EBITDA adjustments

Annualized earnings, 2021 EBITDA and swap outs are three approaches CFOs are taking to show company performance potential in light of COVID-19. 

By Brian Garfield • Feb. 25, 2021

Former KPMG auditors signed off on incomplete college financials

The SEC penalized the auditors for their unprofessional conduct in allowing the College of New Rochelle to release a financial report before completing critical audit steps.   

By Robert Freedman • Feb. 24, 2021

Biden's corporate tax hike would reduce output, jobs, wages, study finds

Biden’s proposed increase in corporate tax would push up the U.S. federal-state combined tax rate to the highest level in the OECD, the Tax Foundation said.

By Jim Tyson • Feb. 24, 2021

Prior business relationships influence PPP coronavirus lending, study finds

Banks used the PPP last year to strengthen relations with “large connected firms,” a joint study by Washington University in St. Louis, Boston College and the University of Geneva found.

By Jim Tyson • Feb. 17, 2021

A financial advisor's top 5 SPAC tax issues

Identifying acquirer and predecessor entities are among decisions the tax team of the combined company must make.

By Robert Freedman • Feb. 17, 2021

FASB OKs more timely goodwill impairment testing

Finance teams can wait until their company’s next reporting period to test for any reduction in value.

By Robert Freedman • Feb. 15, 2021

Study: States cut corporate taxes despite pandemic-induced shortfalls

A plunge in tax revenue caused by the downturn in 2020 did not discourage several states from trimming corporate income taxes.

By Jim Tyson • Feb. 04, 2021

Former WageWorks CEO, CFO fined for improperly recognizing revenue

The penalty includes clawbacks of the executives’ incentive-based compensation.

By Robert Freedman • Feb. 03, 2021

Diverse CFOs could be heading into board-seat golden age

As companies try to meet ESG measures, and a likely Nasdaq rule, efforts to add women and minorities to boards are moving from talk to action, opening opportunities for finance executives. 

By Robert Freedman • Feb. 02, 2021

SEC appoints policy advisor to advance new initiatives on ESG

The appointment of an ESG advisor by the acting SEC chair follows commitments by President Biden to redouble efforts to combat climate change.

By Jim Tyson • Feb. 02, 2021

After serving time, fraudster cautions against PPP, other emergency loans

Taking money hastily can create more problems than it solves if the additional resources aren’t tethered to need.

By Robert Freedman • Jan. 27, 2021

Remote work, whistleblower laws poised to fuel PPP, other fraud prosecutions

As the second year of PPP loans winds down, expect a surge in allegations by employees who feel declining allegiance to their employers, attorneys say.

By Robert Freedman • Jan. 26, 2021

Companies denied PPP forgiveness can take tax credit, IRS says

A change Congress made in December allows the credit for some PPP loan recipients.

By Robert Freedman • Jan. 26, 2021

Deregulation critic Allison Herren Lee named acting SEC chair

The financial regulation specialist has been a voice against weakening the oversight structure protecting investors.

By Robert Freedman • Jan. 23, 2021

Deep Dive

SEC to take harder line on financial reporting, attorneys say

COVID-19 and ESG disclosures, information controls and SPACs could receive increased scrutiny, along with accuracy of filings as part of Biden’s SEC approach. 

By Robert Freedman • Jan. 21, 2021

IRS postpones date for companies to repay deferred payroll taxes

Companies now must repay 2020 taxes delayed as part of pandemic-related relief by Dec. 31, rather than April 30.

By Jim Tyson • Jan. 21, 2021

What can go wrong with a SPAC? More than you can imagine, says CFO

In the rush to get a deal done, choose the right merger partner and watch costs, says 180 Life Sciences finance chief Ozan Pamir.

By Ted Knutson • Jan. 20, 2021

Deep Dive

Biden tax, oversight plans could add to M&A costs

Sellers can be expected to seek higher valuations to offset higher corporate tax rate and capital gains changes, deal specialists say. And some deals could get more regulatory scrutiny.

By Robert Freedman • Jan. 19, 2021