Compliance: Page 2

Companies oppose one-size-fits-all SEC climate disclosure rule: survey

The SEC should scale its coming rules for climate risk disclosure based on a company’s size, according to companies surveyed by the U.S. Chamber of Commerce.

By Jim Tyson • Aug. 05, 2021

FTC unable to keep up with 'surge' in merger filings

The Federal Trade Commission said it “has been hit by a tidal wave of merger filings” and can’t complete reviews within the statutory period.

By Jim Tyson • Aug. 04, 2021

Explore the Trendline➔

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

Former trucking giant CFO convicted of fraud

Peter Armbruster manipulated Roadrunner’s books to make company performance look better than it was. 

By Robert Freedman • Aug. 03, 2021

Sustainable bond issuance will surge this year to record exceeding $850B

The volume of sustainable bonds issued will grow 59%, fueled by investor enthusiasm and increased regulatory clarity, Moody’s Investor Service said.

By Jim Tyson • Aug. 02, 2021

Almost 90% of SPACs have had to restate financials

Concerns by the Securities and Exchange Commission over the accounting of warrants spurred a compliance rush, both by operating companies and SPAC sponsors.

By Robert Freedman • Aug. 02, 2021

CFOs called key to setting comparables in SPAC warrant valuations

The goal is to find comparables that accurately reflect the lowest possible volatility level of the target company’s warranty valuation.

By Robert Freedman • July 30, 2021

SEC may require climate risk disclosures in expanded 10-Ks: Gensler

SEC Chair Gary Gensler says a company, when filing mandatory climate risk disclosures, may need to measure carbon emissions across its “value chain.”

By Jim Tyson • July 28, 2021

Global regulators unite to intensify scrutiny of SPACs

A group of securities market regulators from several countries launched a joint network to monitor SPAC deal-making.

By Jim Tyson • July 27, 2021

Loan performance could worsen under new lease accounting standards

For executives whose pay is tied in part to company performance, debt troubles from the reporting changes could impact compensation.

By Ed McCarthy • July 26, 2021

Tax complexity rising for global companies, survey finds

Global companies face increasingly complex taxation in dozens of countries, especially in calculating transfer pricing and when challenging tax assessments, according to a survey.

By Jim Tyson • July 26, 2021

Retailer, former CEO charged with accounting failures

The SEC charged Tandy Leather Factory and its former CEO with knowingly maintaining a flawed inventory system that led to errors in its financial statements.

By Jim Tyson • July 22, 2021

Corporate 'greenwashing' poses growing threat to ESG goals: report

Sustainable financing has surged since 2015 but false corporate claims jeopardize carbon reduction efforts, Generation Investment Management said in a report.

By Jim Tyson • July 21, 2021

CEO, CFO charged with faking revenue, bond documents

The Securities and Exchange Commission alleges the former executives of FTE, a network infrastructure company, used phony paperwork to hide the financial health of the company while spending lavishly on themselves. 

By Robert Freedman • July 20, 2021

SPAC sponsor, merger target charged with misleading statements

Under a settlement for making inaccurate claims about the target company's technology, the sponsor must give up any founder shares it would have received from the merger, and private investment in public equity (PIPE) investors can terminate their subscription agreements before the merger. 

By Robert Freedman • July 14, 2021

Weisselberg removed as officer of Trump Org. subsidiaries

Since Trump Organization CFO Allen Weisselberg was accused of 15 counts of tax fraud on July 1, his name has been wiped from the filings of several company subsidiaries.

By Jane Thier • July 13, 2021

Double set of books could prove Trump Organization's undoing

An internal spreadsheet the company kept treated expenses in one way while the expenses were treated another way in the general ledger.

By Robert Freedman • July 13, 2021

Finance employee charged with insider trading

The bank employee used coded words to tip off a friend about upcoming private-equity acquisitions.

By Robert Freedman • July 09, 2021

SEC charges Parallax for misleading pandemic disclosures

The company allegedly didn't have a COVID-19 screening test or protective equipment that it claimed to have.

By Robert Freedman • July 07, 2021

Business loans 'especially slow' to transition from LIBOR, posing risks: FSB

U.S. securitizations and business loans need to speed the switch to LIBOR alternatives, the Financial Stability Board said, warning of financial instability.

By Jim Tyson • July 07, 2021

Trump Organization faces indictment-related credit woes

Lending to the company could dry up, leaving it vulnerable with $1B in loans coming due. 

By Robert Freedman • July 06, 2021

U.S. gains support for 15% minimum global corporate tax from 130 countries

A 15% minimum global corporate tax will discourage companies from locating headquarters in the lowest-tax nations, according to Treasury Secretary Janet Yellen.

By Jim Tyson • July 02, 2021

Trump CFO, company charged with scheme to hide compensation

Among the counts against Allen Weisselberg is grand larceny in the second degree, a felony with a maximum 15-year prison sentence.

By Robert Freedman and Jane Thier • July 01, 2021

FASB appears ready to require supplier financing disclosure

The trade payable arrangements, which help companies manage cash, typically aren’t publicly reported despite posing a liquidity risk.  

By Robert Freedman • July 01, 2021

Market volatility may rise on absence of clear LIBOR alternative: Fitch

A plan to wind down the use of LIBOR at the end of 2021 may lead to market instability because several reference rates are “vying” to become its successor, Fitch Ratings said.

By Jim Tyson • June 30, 2021

Trump Organization expected to be indicted on tax treatment for perks

The company could face going-concern issues as a result of the action even if the case goes nowhere, analysts say.

By Robert Freedman • June 29, 2021