Compliance: Page 3


  • A pedestrian walks by a sign posted in front of an AT&T store.
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    Justin Sullivan via Getty Images
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    Latest AT&T data breach risks customer defections: Moody’s

    The incident comes as AT&T is already facing a number of class action suits stemming from a separate breach that was disclosed in March.

    By July 16, 2024
  • Wooden judge gavel and calculator on financial reports.
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    Valerii Evlakhov via Getty Images
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    Former tech CFO sanctioned in UK over fraud after US jail sentence

    The ex-finance chief of software vendor Autonomy is banned from working as an accountant in the U.K. until November 2038.

    By July 11, 2024
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    the-lightwriter via Getty Images
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    Trendline

    Top 5 stories from CFO Dive

    The promises and traps of generative AI, revamped modern finance teams and stark geopolitical risks are among the top forces CFOs are grappling with this year.

    By CFO Dive staff
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    Courtesy of ADM
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    ADM hires 3M CFO, signaling push for fresh start after accounting woes

    The grain trading giant’s financial reporting practices have been in the spotlight since January when it revealed an internal probe was underway.

    By July 10, 2024
  • workers toil on a hot construction site with the orange sun in the background
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    SonerCdem via Getty Images
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    OSHA proposes rule to protect workers from extreme heat

    Released this morning, the standard would require employers to provide water and rest breaks when high heat creates a hazardous work environment.

    By Zachary Phillips • July 2, 2024
  • A wide shot of the U.S. Supreme Court building
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    Al Drago via Getty Images
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    Chevron ruling adds new wrinkle to US cybersecurity efforts

    The Supreme Court decision could have major ramifications for federal agencies that rely on old laws to tackle digital-era policy challenges, legal analysts said.

    By July 2, 2024
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    Chip Somodevilla via Getty Images
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    SCOTUS gives CFOs ‘brand new lens’ for tax positions

    Businesses should review their tax positions to see if they are dependent on a regulation that might be vulnerable to a challenge, attorney Robert Kovacev said.

    By July 1, 2024
  • Loper decision ending Chevron deference doctrine
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    Anna Moneymaker / Staff via Getty Images
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    Supreme Court deals big blow to federal agencies

    In a landmark ruling, the justices overturned a 40-year-old precedent and significantly reduced the power of federal agencies to interpret the laws they administer.

    By David Weisenfeld • June 30, 2024
  • image of an income statement with dollar bills next to it
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    alfexe via Getty Images
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    FASB sets compliance clock for new expense disclosure rules

    Compiling data to comply will take “quite a bit of company resources,” said Nicole Wright, an associate professor of accounting at James Madison University. 

    By June 26, 2024
  • Detroit
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    Spencer Platt via Getty Images
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    Judge freezes ex-Detroit Riverfront CFO’s assets including boat, real estate

    The former finance chief of the Detroit Riverfront Conservancy faces criminal charges of bank and wire fraud in connection with a  $40 million embezzlement scheme.

    By June 25, 2024
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    Chip Somodevilla via Getty Images
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    SEC’s $2.1M fine on RR Donnelly over hack response slammed as overreach

    The agency’s assertion that a cybersecurity failure can be punished as an “internal accounting controls” violation is raising eyebrows.

    By June 25, 2024
  • Supreme Court
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    Chip Somodevilla via Getty Images
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    Supreme Court ruling douses repatriation tax refund hopes

    The court affirmed the constitutionality of the one-time Mandatory Repatriation Tax on income from investments in foreign corporations.

    By June 24, 2024
  • The SEC building in Washington DC
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    qingwa via Getty Images
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    Restatements decline, with small companies more prone to error: CAQ

    The Sarbanes-Oxley Act of 2002 prompted a long-term reduction in restatements by tightening financial reporting and audit rules, CAQ said.

    By June 24, 2024
  • Richard Jones
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    Courtesy of Pat Dorsman for FAF
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    With reservations, FASB votes for narrower software rules update

    While some members expressed concerns about not going far enough to modernize the rules, the FASB voted 7-0 to move forward with a more targeted proposal.

    By June 20, 2024
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    Mark Wilson via Getty Images
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    IRS aims to end ‘shell game’ by partnerships, targets $50B extra in taxes

    Tax dodging by complex partnerships “has been overlooked for more than a decade,” IRS Commissioner Daniel Werfel said Monday.

    By June 17, 2024
  • SEC seal outside Washington D.C. building
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    Chip Somodevilla via Getty Images
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    Ex-Synchronoss CFO to pay $125k fine for accounting misconduct

    Alongside the reimbursement of certain compensation to Synchronoss, the ex-CFO agreed to pay $125,000 in civil penalties without admitting or denying the SEC’s charges.

    By June 17, 2024
  • Header image for "Tyson CFO Arrested, Reviving Critics’ Concerns Over Inexperience, Conflict of Interest"
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    CFO Editorial Staff
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    Tyson Foods CFO suspended after arrest for intoxicated driving

    This is the second alcohol-related incident for John R. Tyson since he took the executive role less than two years ago.

    By Nathan Owens • June 13, 2024
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    Courtesy of FASB
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    FASB’s environmental credit rules recall crypto debate

    Like crypto rules FASB recently finalized, the environmental credit accounting standards would provide specific guidance where GAAP is currently silent.   

    By June 13, 2024
  • a headshot of PCAOB chair Erica Y. Williams
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    Courtesy of PCAOB
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    PCAOB Chair Erica Williams gets second term

    The board has pursued an aggressive agenda under Williams, with record fines against accounting firms.

    By June 12, 2024
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    dblight via Getty Images
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    Heed Corporate Transparency Act despite legal cloud, experts say

    Passed in 2021, the law was designed to prevent bad actors from using legal entities to shield money laundering and other illicit activity.

    By Chris Gaetano • June 7, 2024
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    Courtesy of Chemours
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    Chemours appoints new CFO after accounting probe

    The appointment comes after the chemical company discovered that three of its top executives, including its then-CFO, engaged in unethical financial practices.

    By June 6, 2024
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    Dan Kitwood via Getty Images
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    Gensler slams crypto after House passes bill opening ‘regulatory gaps’

    A growing number of companies in the U.S. and elsewhere have turned to digital assets as an alternative to conventional currencies, according to Deloitte.

    By May 24, 2024
  • A conference participant walks past a spinning representation of Planet Earth during the UNFCCC COP27.
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    Sean Gallup via Getty Images
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    Opinion

    3 ESG lessons CFOs can learn from SOX compliance

    ESG reporting may be a relatively new challenge but there is nothing new about C-suite leaders facing “perfect storm” reporting requirements, Wolters Kluwer's Alessio Lolli writes.

    By Alessio Lolli • May 23, 2024
  • A sunlit New York Stock Exchanges is seen with 6 columns and 3 American flags with people walking by in shadow.
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    Drew Angerer via Getty Images
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    SEC fines NYSE’s parent $10M for failing to report cyberattack

    The settlement sheds light on the costs of cyberattacks that can include penalties for non-compliance with timely disclosure requirements after the events occur.

    By May 22, 2024
  • Two corporate businessmen shaking hands while one man places money in the other's pocket.
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    PeopleImages via Getty Images
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    More small companies willing to distort books to hide corruption: ACCA

    The U.S. has made little progress combating corruption since 2021, according to Transparency International.

    By May 21, 2024
  • Jerome Powell, testimony, U.S. House, Financial Services Committee
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    Win McNamee via Getty Images
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    Powell sees longer inflation fight, ‘very small’ odds of Fed rate hike

    “We have the highest interest rates in some time,” Powell said Tuesday. “The question is, ‘is it sufficiently restrictive?’”

    By May 14, 2024