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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 -
Permission granted by Slice
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 -
Explore the Trendline➔
Fotolia
TrendlineFinancial reporting enters a new age
Finance leaders are increasingly relying on metrics including churn, net promoter score and customer growth to reveal company performance in a way traditional GAAP measures cannot.
By CFO Dive staff -
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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 -
Michael M. Santiago via Getty Images
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 -
Pascal Le Segretain via Getty Images
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 -
Joshua Lott via Getty Images
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 -
Avosb via Getty Images
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 -
Mark Wilson/Newsmakers via Getty Images
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 -
Spencer Platt via Getty Images
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 -
Spencer Platt via Getty Images
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 -
Alex Wong via Getty Images
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 -
FangXiaNuo via Getty Images
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 -
Jemal Countess via Getty Images
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 -
MF3d via Getty Images
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 -
Michael M. Santiago via Getty Images
Ex-CFO’s alleged perjury should not impact Trump civil fraud decision, lawyers say
Reports of potential perjury raise questions about the credibility of the former finance chief’s testimony during the Trump Organization’s civil fraud trial.
By Grace Noto • Feb. 8, 2024 -
Zach Gibson via Getty Images
IRS to collect $561B more in tax revenue with new enforcement funds
The Treasury highlighted the payoff from stepped up funding for IRS enforcement as Republicans seek to cut the agency budget.
By Jim Tyson • Feb. 7, 2024 -
Chip Somodevilla via Getty Images
CEO, CFO compensation clawback helps tech firm skirt SEC fine
Cloopen Group avoided civil penalties after cooperating with the agency and taking remedial steps, despite an accounting fraud scandal that triggered SEC charges.
By Alexei Alexis • Feb. 7, 2024 -
Stephanie Keith via Getty Images
Ex-Trump CFO could face prison again, experts say
Judge Arthur Engoron shone a spotlight on the ex-CFO’s credibility in a Tuesday email, asking attorneys in the Trump civil fraud case for clarity on the potential plea.
By Grace Noto • Feb. 6, 2024 -
Chip Somodevilla via Getty Images
Yellen says commercial real estate losses may leave banks ‘quite stressed’
Bank regulators aim to avert turmoil caused by a slump in the value of commercial real estate, Treasury Secretary Janet Yellen said in testimony to a House committee.
By Jim Tyson • Feb. 6, 2024
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