Compliance: Page 34
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Alex Wong via Getty Images
Multinationals reported $6.16B in negative forex exposure for Q4: study
A decline in negative foreign exchange impact during the fourth quarter was probably "the calm before the storm" that likely occurred during the first quarter of 2021, according to Kyriba.
By Jim Tyson • April 29, 2021 -
SEC said to be weighing SPAC disclosure guidelines
Whether or not guidance is issued, the agency is signaling concerns over "frothy" forward-looking statements in the hot alternative IPO market.
By Robert Freedman • April 29, 2021 -
Biden tax hikes won't change company credit plans: Moody's
Companies have shown they’re impervious to tax policy changes in part because of low interest rates and investors’ hunt for yield.
By Robert Freedman • April 28, 2021 -
Retrieved from The White House.
Biden plan would increase taxes on multinationals by $1.2 trillion over 10 years: study
Biden’s proposal to raise corporate taxes to fund $2 trillion in infrastructure spending would harm U.S. competitiveness, the Tax Foundation says.
By Jim Tyson • April 28, 2021 -
Permission granted by Kareywood Photography
SPAC market during Q1 showed 'explosive growth': Duff & Phelps
The SPAC market boomed during the first quarter of 2021, Duff & Phelps said, noting that SPAC warrants this month have come under regulatory scrutiny.
By Jim Tyson • April 23, 2021 -
New SPAC scrutiny demands solid forecasts
The Securities and Exchange Commission has signaled there’s no safe harbor for merger-related forward guidance if numbers aren’t justified.
By Robert Freedman • April 20, 2021 -
Sean Gallup via Getty Images
Rising number of IRS corporate audits end in 'no change': tax expert
Companies have outgunned IRS auditors with high-paid accountants and attorneys, pushing up the number of audits that result in no change to tax filings, tax experts say.
By Jim Tyson • April 20, 2021 -
Permission granted by E.A. Crunden
Democrats, Republicans finalizing draft LIBOR bill, pledging cooperation
The legislative effort to smooth the phase-out of LIBOR will test whether the two parties can cooperate in heeding warnings from regulators of systemic risk.
By Jim Tyson • April 19, 2021 -
FASB passes change on sales-type day-one lease losses
The change aligns with what was in place before the accounting standards board made sweeping changes to the treatment of leases under ASC 842.
By Robert Freedman • April 16, 2021 -
Courtesy of Belvedere
Deep DiveSEC cybersecurity tactics point to ESG approach, attorney says
As the Securities and Exchange Commission builds investor protections on sustainable investing, CFOs can look to the agency's approach to cybersecurity for hints on how to prepare for disclosure rules and enforcement actions.
By Jim Tyson • April 15, 2021 -
SEC taking hard look at SPAC warrants, disclosures
A recent flurry of federal cautionary statements signals the hands-off days of special purpose acquisition company (SPAC) IPOs are over.
By Robert Freedman • April 15, 2021 -
Senate confirms Gensler to lead SEC in 53-45 vote
While leading the Biden administration’s watchdog of Wall Street, Gensler is expected to toughen aspects of oversight that were eased during the Trump administration.
By Jim Tyson • April 14, 2021 -
SEC in 'risk alert' warns that some ESG funds may mislead investors
The SEC found that some investment companies may have made misleading statements on ESG investing processes and adherence to ESG frameworks.
By Jim Tyson • April 12, 2021 -
Most companies will likely link executive pay to environmental targets: ING survey
Spurred on by the pandemic, most companies are accelerating their “green transformation” and plan to tie executive pay to environmental goals, ING said in an ESG survey.
By Jim Tyson • April 7, 2021 -
Courtesy of Coinbase
Coinbase's direct IPO could be hard act to follow
High name recognition and strong investor interest are needed to go public when there’s no big underwriter or a road show to generate excitement, a capital raise specialist says.
By Robert Freedman • April 7, 2021 -
Yellen pushes for global minimum corporate tax rate
Yellen deplores “a 30-year race to the bottom” in taxation and says a global minimum corporate tax rate would help bolster U.S. competitiveness.
By Jim Tyson • April 5, 2021 -
SEC accounting chief cautions on SPAC rush
The newly popular IPO alternative is often completed in months, a short time frame that can make public compliance rules hard to meet, a top federal official says.
By Robert Freedman • April 5, 2021 -
Remote auditing not going away post-pandemic
Auditors will continue to work on-site but they’ll also use smart glasses, video, GPS, data analytics and other tech to increase efficiency and effectiveness.
By Robert Freedman • April 1, 2021 -
Companies may want to consider halting quarterly EPS guidance, McKinsey says
Quarterly EPS guidance often provides limited insights, so companies that suspended the reports during the pandemic may want to consider suspending them for good, McKinsey said.
By Jim Tyson • March 31, 2021 -
SEC threatened with lawsuit by state attorney general over ESG disclosure
West Virginia's attorney general threatens to sue the SEC if it compels companies to file disclosures on environmental, social and governance matters.
By Jim Tyson • March 29, 2021 -
New York passes law guiding LIBOR transition for $1.9 trillion in debt
New York lawmakers approved legislation clarifying the switch from LIBOR to an alternative reference rate for much of $1.9 trillion in outstanding contracts.
By Jim Tyson • March 26, 2021 -
House panel flags $84 billion in potential fraud in PPP, other coronavirus crisis loans
Fraudulent loans under the PPP and another coronavirus aid program may total nearly $84 billion, with less than 1% recovered so far, according to a U.S. House panel.
By Jim Tyson • March 25, 2021 -
Fraud expected to remain high even as pandemic eases
Examiners say fraud steadily rose as the pandemic continued, and will remain elevated this year.
By Robert Freedman • March 25, 2021 -
SEC accepts FASB's 2021 reporting taxonomies
The updated taxonomies, which use the Extensible Business Reporting Language (XBRL) data-tagging format, include changes to accounting standards and SEC rules companies are encouraged to use in this year's reporting.
By Robert Freedman • March 24, 2021 -
SARINYAPINNGAM via Getty Images
No plans on crypto, ESG, but that could change, FASB chair says
The accounting board is expected to release a standards-setting agenda this summer that reflects stakeholders' input.
By Robert Freedman • March 23, 2021
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