Compliance: Page 7
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Deep Dive
Who will pay to decarbonize the supply chain?
Some brands are helping their suppliers reduce greenhouse gas emissions. Others are dumping new requirements on vendors without shouldering any of the costs.
By Ben Unglesbee • Aug. 15, 2023 -
US Chamber urges SEC to delay cyber rule implementation
The SEC has “chosen speed over accuracy” while ignoring important business community concerns in pushing out the new regulations, the U.S. Chamber of Commerce asserts.
By Alexei Alexis • Aug. 15, 2023 -
Trendline
ESG 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 -
6 CFO tips for handling the backlash against ESG
The ESG backlash has compelled companies to alter their sustainability strategies, including ensuring close alignment with core business goals, the Conference Board said.
By Jim Tyson • Aug. 9, 2023 -
FASB’s ‘complex’ loss accounting change warrants extra time, insurer group says
CECL grew out of a FASB effort to encourage timelier reporting of deteriorated assets after the 2008 financial crisis.
By Maura Webber Sadovi • Aug. 8, 2023 -
C-suite execs waver on AI amid regulatory uncertainty: KPMG
The technology is drawing close scrutiny in Washington over concerns that it poses risks in areas such as data privacy and security.
By Alexei Alexis • Aug. 8, 2023 -
Gensler pressured by 80 Democrats to adopt climate risk rule
Democrats backed a proposed SEC rule on carbon emissions disclosure following GOP-backed hearings last month aimed at curbing federal promotion of ESG principles.
By Jim Tyson • Aug. 7, 2023 -
Record number of ESG shareholder proposals go to a vote
As of June 30, approval rates for shareholder proposals focused on environmental and social issues fell compared to all of 2022, Diligent Market Intelligence said.
By Jim Tyson • Aug. 4, 2023 -
M&A slump raises bar for seller CFOs
The mergers and acquisitions boom is long over. The best CFOs are cleaning up their books and arming their CEOs with key data to win offers anyway.
By Chris Gaetano • Aug. 3, 2023 -
CPA firms facing talent shortage hike starting salaries 14%
Many accounting firms lacking qualified staff have had to turn away work, according to alliantTalent.
By Jim Tyson • Aug. 3, 2023 -
Stripe brings tax product to platforms, taps AI
The tool can help CFOs wade through a complicated tax compliance environment, easing the path to international growth, Stripe said.
By Grace Noto • Aug. 2, 2023 -
Digital Currency Group taps Goldman alum for CFO
Mark Shifke steps into the company’s top finance seat as it wraps up bankruptcy proceedings for one of its subsidiaries amid sharpening regulatory scrutiny of the crypto space.
By Grace Noto • Aug. 1, 2023 -
SEC’s Munter warns of ‘purported’ crypto audits
The SEC’s chief accountant called out the practice by which some crypto companies pay for less “precise” reviews of their business that they misrepresent to investors as audits.
By Maura Webber Sadovi • July 28, 2023 -
SEC votes to overhaul disclosure rules for material cyber events
After a fierce debate, the agency voted to require companies to come clean on material breaches and attacks within four business days of determination.
By David Jones • July 26, 2023 -
SPAC planning Trump Media buy settles SEC fraud charges
The SEC’s fraud investigation was a major hurdle for the merger deal, which was proposed in 2021.
By Alexei Alexis • July 21, 2023 -
One CFO’s stealth IPO market tests
“Bake-offs” and confidential filings can clue executives in on their company’s prospects well ahead of going public, Clearwater Analytics CFO Jim Cox says.
By Maura Webber Sadovi • July 20, 2023 -
SEC takes climate rule criticism ‘very seriously’: top official
GOP lawmakers on Tuesday accused an SEC division director of undermining capitalism by pushing for a climate risk disclosure rule.
By Jim Tyson • July 18, 2023 -
Gensler sees companies with AI gaining clout over consumers
The SEC chief warned that the handful of companies leading AI innovation may come to dominate the market.
By Jim Tyson • July 17, 2023 -
SIFMA calls to slow CECL credit-losses project
The current expected credit losses accounting standard was aimed at fostering timelier reporting of deteriorated assets. It’s been controversial.
By Maura Webber Sadovi • July 17, 2023 -
CFOs warm to outsourcing
Hiring outside firms to fill more specialized roles can help reduce some of the responsibilities that are being heaped on finance chiefs’ shoulders. Outsourcing can also cut costs.
By Grace Noto • July 17, 2023 -
Culture, ethics audits can prevent malfeasance: study
CFOs can help to champion internal auditors when it comes to assessments of company culture, which can help boost long-term performance.
By Grace Noto • July 7, 2023 -
SEC charges former View CFO with negligence-based fraud
The SEC is seeking civil penalties against the smart window manufacturer’s former CFO, alleging he violated federal securities law.
By Grace Noto • July 5, 2023 -
Sustainability can boost bottom line: Brand Finance
Companies that fail to live up to consumers’ perceptions of their ESG performance put hundreds of millions in value at risk, according to Brand Finance.
By Jim Tyson • June 30, 2023 -
FASB tees up loan loss fix
The FASB is poised to tweak existing accounting standards which originally sought to address calls for timelier loss reporting after the 2008 financial crisis.
By Maura Webber Sadovi • June 29, 2023 -
CFO, others charged in $53M pandemic relief fraud scheme
The case is the largest one investigated by the Pandemic Response Accountability Committee Fraud Task Force, created in 2020 to root out COVID-19 pandemic relief fraud, DOJ said.
By Alexei Alexis • June 29, 2023 -
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