Compliance: Page

  • A statue of the first United States Secretary of the Treasury Alexander Hamilton stands in front of the U.S. Treasury.
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    Insufficient staff, outdated processes expose firms to risk: survey

    Only 37% of surveyed respondents believe that their organizations have sufficient staffing to properly run compliance programs and internal controls, FloQast found in a recent survey.

    By Elizabeth Flood • June 28, 2023
  • DTE Energy's coal-fired Belle River power plant.
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    "Belle River Power Plant East China, Mich." by Tom is licensed under CC BY-ND 2.0
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    ESG standard setter releases global reporting rules

    The global effort to harmonize rules for corporate sustainability reporting will now focus on rallying adoption of its voluntary standards in dozens of jurisdictions worldwide.

    By • June 27, 2023
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    Trendline

    Top 5 stories from CFO Dive

    To stay competitive many CFOs are focused on balancing AI’s risks and opportunities while also adjusting to fast-changing tariff policies and labor markets.

    By CFO Dive staff
  • Securities and Exchange Commission, SEC, Building in Washington DC
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    SEC puts SolarWinds CFO on notice in cyberattack probe

    The news underscores the growing legal exposure that CFOs have as they are increasingly expected to take on broader remits of responsibilities — including technology.

    By • June 26, 2023
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    Accountants need to advance ‘social agenda’: ACCA

    The accounting profession should not delay in helping ensure a “just transition” and promoting social welfare, the ACCA said.

    By • June 23, 2023
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    Chip Somodevilla via Getty Images
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    COVID tax claims add to IRS backlog

    While IRS return-processing backlogs persist, a report found evidence that the outlook is brightening when it comes to the responsiveness that CFOs and tax preparers can expect.

    By • June 23, 2023
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    SEC General Counsel defends climate risk disclosure rule

    Republican lawmakers accused the SEC’s top attorney of stonewalling requests for information on the agency’s regulation and enforcement.

    By • June 22, 2023
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    Justin Sullivan via Getty Images
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    Judge delays hearing on suits piling up against SVB, execs

    Just over three months after SVB Financial Group was closed by regulators, at least four proposed class actions have been filed against the firm and its former top executives.

    By • June 21, 2023
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    "U.S. Department of Justice headquarters" by Coolcaesar is licensed under CC BY-SA 3.0
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    CFO pleads guilty to $6M employment tax crime

    The CFO willfully failed for several years to file required quarterly employment tax returns or pay taxes withheld from employees’ wages to the IRS, DOJ said.

    By • June 14, 2023
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    Chip Somodevilla via Getty Images
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    IRS waives penalty tied to new 15% corporate minimum tax

    Companies have an extra year to determine their liability under the complex minimum tax signed into law last year.

    By • June 8, 2023
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    Dan Kitwood via Getty Images
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    California lawmaker weighs in on FASB crypto proposal

    Sherman, a ranking member of the House Financial Services’ Subcommittee on Capital Markets, has sought to ban crypto — which he has called “an electronic pet rock.”  

    By • June 8, 2023
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    Crypto heavy hitters largely back FASB fair-value fix

    The support that the proposed accounting change has drawn from many crypto companies contrasts with the history of tension between the young sector and regulators.  

    By • June 7, 2023
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    PCAOB aims to sharpen auditor focus on fraud

    The U.S. audit watchdog said its newest proposal would speed notification of noncompliance, reducing ultimate costs to investors.

    By • June 7, 2023
  • An abstract blockchain concept in which small blocks form a bigger block
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    Canadian regulators suspend ex-blockchain CEO, CFO

    Robert Earle Dawson and David Malcolm Alexander were temporarily suspended for misrepresenting that their former company would retain just a small portion of funds raised. 

    By • June 6, 2023
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    Alex Wong via Getty Images
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    GOP lawmakers tell Gensler not to bow to EU’s tough climate rules

    The Biden administration aims to allow strict EU standards on climate risk to guide actions by U.S. companies, according to top Republican legislators.

    By • June 6, 2023
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    Zach Gibson via Getty Images
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    FASB tax disclosure plan draws fire

    Some heated feedback elicited by the proposed new tax disclosure requirements suggests the road to consensus might still be rocky.

    By • June 1, 2023
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    Pete Souza. Retrieved from habengirma.com.
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    Accessible tech advocate Haben Girma gets CFO audience

    Girma, the first blind and deaf woman to graduate from Harvard, is set to speak at Gartner’s 2023 CFO & Finance Executive Conference.

    By • May 30, 2023
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    Opinion

    Accounts payable shouldn’t be a cost center

    CFOs are under growing pressure to drive efficiencies at zero cost. Leveraging intelligent automation to process invoices can help, Steven Cronin writes.

    By Steven Cronin • May 26, 2023
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    ChatGPT aces CPA exam after prior version flunked

    ChatGPT-3.5 took the CPA exam and got an “F.” The newest version of the AI learned from the failure, however, and nailed the test, researchers said.

    By • May 25, 2023
  • Securities and Exchange Commission, SEC, Building in Washington DC
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    SEC enforcement not ‘a game of gotcha,’ Grewal says

    The SEC will press on with aggressive enforcement while seeking to collaborate with companies under scrutiny, the agency’s enforcement director said.   

    By • May 23, 2023
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    Investors oppose using ESG criteria in retirement funds: Gallup

    U.S. companies face intense pressure to embrace sustainability even as many Americans do not want ESG goals to guide the investment of their retirement money.

    By • May 22, 2023
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    Ex-fabric CFO accused of losing $35M in crypto crash

    The former CFO is charged with investing the funds without permission into his own crypto venture before losing them during the market’s crash, according to a federal indictment.

    By • May 18, 2023
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    SEC fines 10 microcaps for flawed stock offerings

    The SEC sanctioned small companies that failed to follow rules under Regulation A, which offers early-stage businesses a low-cost way to raise capital.

    By • May 16, 2023
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    Alex Wong via Getty Images
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    U.S. Chamber sues SEC, slamming buyback rule

    An effort to block rules on stock repurchases is the latest pushback by business groups against an unusually active regulatory agenda at the SEC.

    By • May 15, 2023
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    Retailers lag, energy firms lead in environmental disclosures: Fitch

    Standards for gauging sustainability are gelling amid a backlash against government plans to require corporate disclosure on climate risk.

    By • May 12, 2023
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    FASB’s tax proposal will ‘change the game’

    Previous FASB calls for greater income tax transparency have drawn pushback from businesses. This time the initiative appears to be gaining steam.

    By • May 12, 2023