Compliance: Page 2


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    EY: As AI compliance looms, CFOs are strategy ‘nerve center’

    Balancing innovation with compliance, CFOs are essential in creating companies’ AI strategy, EY’s Liban Jama said.

    By Jan. 22, 2024
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    NY AG, Trump clash in final $370M civil fraud tug-of-war

    Attorneys laid out their closing arguments in the NY AG’s $370 million civil fraud trial that has put accounting under a surprising spotlight.

    By Jan. 11, 2024
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    tsimage via Getty Images
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    Trendline

    Top 5 stories from CFO Dive

    Cooling inflation, an M&A rebound and an AI reckoning are among the top forces that could shape the corporate finance world this year.

    By CFO Dive staff
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    Deep Dive

    Seeking ‘Goldilocks’: 5 CFO trends for 2024

    Financial executives in the new year must protect profits by adapting to trends ranging from falling price pressures and borrowing costs to federal disclosures on carbon emissions.

    By Jan. 9, 2024
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    iStock/Getty via Getty Images
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    2024 tech events for CFOs

    CFO Dive compiled a list of tech-related events for finance leaders, touching on topics such as digital transformation, AI and cybersecurity.

    By Jan. 9, 2024
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    qingwa via Getty Images
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    Firms still scrambling over SEC cyber rules: poll

    Grant Thornton found that many companies have taken steps to comply with the new rules, “but some still have work to do.”

    By Jan. 9, 2024
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    Sundry Photography via Getty Images
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    Deloitte rolls out in-house generative AI platform for coding, researching

    Around 75,000 employees are beginning to use PairD to assist with daily tasks. The firm expects a total of 100,000 workers will gain access to it in the next six months.

    By Lindsey Wilkinson • Jan. 8, 2024
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    Michael M. Santiago via Getty Images
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    NY AG seeks ‘lifetime’ ban of Trump, ex-CFO from NY real estate

    The New York Attorney General’s office has also upped the fine it is asking the judge to impose on the Trump Organization to $370 million.

    By Jan. 5, 2024
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    Zach Gibson via Getty Images
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    IRS unlocks 15% corporate minimum tax’s handcuffs

    The guidance is the latest in a slew of IRS directives issued as questions have swirled around the new tax on big companies.

    By Jan. 3, 2024
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    imaginima via Getty Images
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    CFOs must take an ROI-centered approach to global expansion

    To access top talent in new markets, finance chiefs need to keep their focus on value creation and ROI, CFO Simone Nardi advises.  

    By Dec. 19, 2023
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    Chip Somodevilla via Getty Images
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    Firms advised to prepare for tough enforcement of SEC cyber rules

    Effective Monday, public companies other than small reporting businesses will now be required to comply with the SEC’s new breach disclosure mandates. 

    By Dec. 19, 2023
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    Dan Kitwood via Getty Images
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    FASB pushes crypto, tax rules over finish line

    The U.S. standard setter has issued nine new accounting standards updates so far this year, compared to six in all of 2022.

    By Dec. 15, 2023
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    Scott Olson via Getty Images
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    Kraft Heinz probes ransomware attack claim

    The food and beverage company attributed the potential attack to a decommissioned marketing site and said internal systems are operating normally.

    By Matt Kapko • Dec. 15, 2023
  • 3 tips for SEC cyber rule stragglers

    With breach reporting enforcement set to begin in just days, stragglers should be treating readiness as a “super-high priority,” says Deloitte’s Daniel Soo.

    By Dec. 14, 2023
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    4 accounting takeaways from this week’s FASB congressional hearing

    Lawmakers pressed FASB and PCAOB leaders to explain how they’re approaching regulations in the wake of the recent bank and crypto crises.

    By Dec. 14, 2023
  • Judge Arthur Engoron in NY court
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    Spencer Platt via Getty Images
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    Trump holds responsibility for GAAP compliance, NY AG expert said

    The Trump Organization is ultimately responsible for ensuring their financial statements are compliant, rather than their accountants, professor of accounting Eric Lewis said.

    By Dec. 13, 2023
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    David Dee Delgado via Getty Images
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    NY AG disputes Trump expert’s GAAP analysis

    Attorneys for both the NY AG’s office and the former president zeroed in on particular provisions of GAAP as the $250 million civil fraud trial winds down.

    By Dec. 12, 2023
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    Deep Dive

    Cybersecurity pressures stretch CFOs

    CFOs are bracing for new SEC cybersecurity rules set to kick in this month as the regulator is already signaling an aggressive enforcement posture.

    By Dec. 12, 2023
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    SEC busts pre-IPO fraud scheme that bilked 4,000 investors worldwide

    Swindlers made their false pitch of no upfront fees in podcasts and videos on Facebook, LinkedIn and other social media platforms, the SEC said.

    By Dec. 11, 2023
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    Avosb via Getty Images
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    Veradigm CEO, CFO asked to resign amid audit committee probe

    Veradigm appointed an interim CEO and CFO as it struggles to course correct in the midst of an ongoing audit and a shareholder complaint alleging it artificially inflated revenues for a two-year period.

    By Dec. 11, 2023
  • a headshot of PCAOB chair Erica Y. Williams
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    Courtesy of PCAOB
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    SEC approves new PCAOB audit confirmation standards targeting fraud

    Since early 2021, SEC Chair Gary Gensler has called on the PCAOB to more aggressively oversee the accounting firms that audit publicly listed companies.

    By Dec. 7, 2023
  • Donald Trump sitting in NYC courtroom
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    David Dee Delgado via Getty Images
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    Trump defense seeks to put GAAP on trial

    The New York Attorney General’s $250 million civil fraud suit has no merit from an accounting perspective, NYU professor Eli Bartov testified Thursday.

    By Dec. 7, 2023
  • Gary Gensler speaks with his hand outstretched, seated before a microphone.
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    Win McNamee via Getty Images
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    Final SEC climate disclosure rule pushed to April 2024

    The long-awaited timing update comes via the Biden administration’s regulatory agenda for next year, which also unveiled new timetables for other ESG-related proposals.

    By Lamar Johnson • Dec. 7, 2023
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    Auditors say accountant shortage ramps up work pressure: CAQ

    A decline in the pool for accounting talent has prompted many U.S. companies to raise pay and provide greater workplace flexibility.

    By Dec. 6, 2023
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    Justin Sullivan / Staff via Getty Images
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    PayPal venture arm backs Israeli data privacy startup

    The funding boost comes as data privacy management startup Mine seeks to increase its hiring in the U.S.

    By Dec. 5, 2023
  • Elon Musk interviewed at NYT Summitt
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    Tesla CFO sells shares as Musk draws new scrutiny

    A spotlight is on the EV maker as investors weigh recent controversial comments from CEO Elon Musk and a lukewarm launch of its Cybertruck product.

    By Dec. 4, 2023