Compliance: Page 2
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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 Alexei Alexis • March 12, 2024 -
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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 Maura Webber Sadovi • March 11, 2024 -
Explore the Trendline➔
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TrendlineESG 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 -
Permission granted by Andy Gerit
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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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 Grace Noto • March 6, 2024 -
Drew Angerer via Getty Images
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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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 Jim Tyson • March 5, 2024 -
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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 Alexei Alexis • March 5, 2024 -
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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 Jim Tyson • March 4, 2024 -
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Ex-Trump CFO Weisselberg pleads guilty to perjury
The ex-CFO will be sentenced to five months in jail after pleading guilty to two counts of perjury, according to reports, his second felony conviction in two years.
By Grace Noto • March 4, 2024 -
Courtesy of Lordstown Motors
SEC charges Lordstown Motors with misleading investors on sales outlook
Lordstown’s auditor and adviser also faces SEC sanctions for allegedly violating independence standards.
By Jim Tyson • March 1, 2024 -
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Clearing the tax ‘data swamp’: Thomson Reuters
To keep pace with emerging tax requirements, organizations need to change their processes as well as their technologies, Thomson Reuters’ Ray Grove said.
By Grace Noto • Feb. 29, 2024 -
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Few link 150 credit hours to more prepared accounting graduates
Less than 10% of NJCPA members surveyed reported seeing accounting graduates with an extra 30 hours of college credit as “noticeably” better prepared.
By Maura Webber Sadovi • Feb. 28, 2024 -
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Judge denies former View CFO motion to dismiss SEC complaint
The SEC had “adequately alleged facts” which allowed the court to reasonably infer negligence on the part of the ex-CFO, the judge said.
By Grace Noto • Feb. 28, 2024 -
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CFOs take backseat to CISOs on SEC cyber rules
Less than half of finance chiefs are involved in the SEC's cybersecurity breach disclosure process, AuditBoard found.
By Alexei Alexis • Feb. 27, 2024 -
Ethan Miller via Getty Images
MGM Resorts’ cyberattack headache continues as regulators launch investigations
The company said it could face fines in connection with regulatory inquiries stemming from the social engineering attack.
By David Jones • Feb. 26, 2024 -
"U.S. Securities and Exchange Commission headquarters" by AgnosticPreachersKid is licensed under CC BY 3.0
SEC charges husband for insider trading on wife’s deal-making for BP
A Houston resident overheard merger negotiations by his wife, a former BP employee, and engaged in insider trading, the SEC alleged.
By Jim Tyson • Feb. 23, 2024 -
Courtesy of Honda Aircraft Co.
IRS targets ‘under the radar’ misuse of corporate jets: Werfel
The IRS has stepped up tax enforcement since Congress approved a $80 billion funding boost in 2022.
By Jim Tyson • Feb. 22, 2024 -
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Judge orders Trump Organization to pay $364M in long-awaited civil fraud ruling
Judge Engoron also permanently banned the organization’s ex-CFO and ex-controller from serving in the financial control function of any New York corporation.
By Grace Noto • Feb. 16, 2024 -
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Former NJ law firm CFO charged in $1.5M embezzlement scheme
The ex-finance chief had his law firm pay $355,256 in credit card ex-expenses for himself and his family, the New Jersey Attorney General alleges.
By Maura Webber Sadovi • Feb. 16, 2024 -
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Imminent Trump civil fraud ruling could spur due diligence reckoning
The anticipated ruling could serve as warning to executives at companies run by dominant personalities to do their own due diligence on financial matters, Hofstra's Jack Castonguay said.
By Grace Noto • Feb. 16, 2024 -
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Werfel defends IRS against Republican efforts to slash funding
Before the approval of $80 billion in extra funding in 2022, the Internal Revenue Services fielded just one examiner for every 150 of the largest tax filers, IRS Commissioner Daniel Werfel said.
By Jim Tyson • Feb. 15, 2024 -
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Auditors should follow tougher standards for identifying fraud: IAASB
A proposal for stricter rules by the global standard setter for corporate audits follows what it says is a rash in fraud cases in recent years.
By Jim Tyson • Feb. 12, 2024 -
Courtesy of Hewlett Packard Enterprse
HPE seeks to recoup $4B in long-running fraud case
Hewlett Packard Enterprise attorneys want the founder and ex-CFO of Autonomy to pay for the steep losses HPE faced after acquiring their firm.
By Maura Webber Sadovi • Feb. 12, 2024 -
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R&D tax rollback proposal leaves CFOs ‘on edge’
Many businesses applauded when a tax package with the key R&D provision sailed through the U.S. House. Now they’re waiting for the Senate to act.
By Maura Webber Sadovi • Feb. 8, 2024 -
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Yellen backs legislation to avert AI threat to financial stability
Testimony by the Treasury Secretary follows a pledge by the Biden administration to seize on the benefits of artificial intelligence while containing its risks.
By Jim Tyson • Feb. 8, 2024
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