Compliance: Page 8

  • Bitcoin and dollars
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    Dan Kitwood via Getty Images
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    IRS hands crypto holders some 2025 relief

    Despite the reprieve, taxpayers should still keep good records and continue using a consistent system such as LIFO for identifying digital assets sold can be easier, TaxBit’s Miles Fuller says. 

    By • Jan. 10, 2025
  • Ohio Gov. Mike DeWine
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    Andrew Harnik via Getty Images
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    Ohio gov signs alternative CPA licensure pathway bill into law

    The move puts the Buckeye state at the forefront of the recent drive to address the talent shortage by widening on-ramps into the accounting profession. 

    By • Jan. 9, 2025
  • Financial reporting enters a new age Explore the Trendline➔
    Trendline

    Financial 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
  • Team of consulting auditors auditing the financial report data of the company (balance sheet, income statement) on computer screen with business charts, fintech
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    NicoElNino
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    FASB swiftly clarifies new DISE rule’s effective date

    The board wanted to make clear that all public companies must comply with the new expense disclosure requirements in their first annual reporting periods beginning after Dec. 15, 2026.

    By • Jan. 7, 2025
  • A tightrope walker advances in sunshine.
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    Stock photo via Getty Images
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    Deep Dive

    Walking a tightrope: 6 CFO trends for 2025

    Financial executives can gain an edge this year by monitoring six trends in federal policy and business strategy.

    By • Jan. 7, 2025
  • FASB board
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    Courtesy of FASB
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    FASB pursues agenda refresh

    Narrower projects could be in store for the accounting-standard setter as some stakeholders want more guidance on hot- button issues like crypto and goodwill.

    By • Jan. 6, 2025
  • Securities and Exchange Commission Chair Gary Gensler speaks during a hearing.
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    Kevin Dietsch via Getty Images
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    SEC gives PCAOB more leeway in de-registering accounting firms

    A new rule could trigger withdrawal of PCAOB registrations beginning in the fall of 2026, the SEC said.

    By • Jan. 3, 2025
  • A stethoscope rests on a pile of $100 bills.
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    Getty Images
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    Indiana health system ex-CFO to get $6.3M whistleblower settlement

    As part of a $145.7 million settlement, CHN will pay $6.3 million to its ex-CFO, with attorney fees still to be determined, the company said.

    By • Jan. 3, 2025
  • Colleagues at business meeting in conference room.
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    Getty Images
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    Sustainability profession at ‘crossroads’ amid stiff compliance: Trellis

    Compliance is becoming a bigger part of a sustainability executive’s role, coupled with greater oversight from legal and CFO teams, according to the research firm.

    By • Jan. 2, 2025
  • Shot of Intel logo in front of their Santa Clara, Calif. headquarters in August 2024
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    Justin Sullivan via Getty Images
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    Intel shareholders look to yank back ex-CEO, CFO compensation

    CFO David Zinsner along with the company’s former CEO misled shareholders about the financial performance of Intel’s foundry unit, shareholders allege.

    By • Dec. 20, 2024
  • Papers with bar graphs all over a flat surface with a calculator and magnifying glass on top of them.
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    Getty Images
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    Audit fees poised to rise further after 6.4% hike in latest cycle, report says

    Additional pressure on audit pricing is expected to come from regulatory changes on the horizon such as the FASB’s income statement expense rules, FERF reports.

    By • Dec. 19, 2024
  • whistleblower program, Peirce, Uyeda, confidentiality
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    hapabapa via Getty Images
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    SEC cybersecurity enforcement outlook uncertain as Trump 2.0 looms

    With issues such as cryptocurrency and climate change facing the next SEC chair, it’s unclear whether rolling back cybersecurity rules will be high on the priority list.

    By • Dec. 17, 2024
  • Red, green and white truffles with holiday decorations are displayed on a wooden table
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    Rodin Eckenroth via Getty Images
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    4 not-so-nice holiday compliance pitfalls employers should avoid

    It’s important to think through how to handle inappropriate gifts, alcohol and workplace decorations in advance, attorney Jonathan Segal said.

    By Ryan Golden • Dec. 16, 2024
  • money
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    Getty Images
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    Opinion

    It’s time to prepare for FASB’s new compensation reporting rules

    The new accounting standard will fundamentally change how businesses track and report compensation, especially with regards to bonuses and commissions, Mark Schopmeyer writes.

    By Mark Schopmeyer • Dec. 13, 2024
  • Sign on doorway for the Federal Trade Commission in Washington, D.C.
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    Getty Images
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    FTC plots new course on antitrust, Big Tech under Trump nominees

    Current commissioner Andrew Ferguson will become chair under Trump and Mark Meador, a former Senate counsel, will join the commission.

    By Justin Bachman • Dec. 13, 2024
  • D&O insurance, SEC
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    Getty Images
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    SEC charges former Comtech CEO with insider trading

    The charges against Ken Peterman are just the latest initiative by what, in some respects, has been the most aggressive SEC enforcement division on record.

    By • Dec. 12, 2024
  • Shot of SEC seal on its D.C. headquarters
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    Chip Somodevilla via Getty Images
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    PCAOB could be defanged by incoming Trump administration

    The new presidential administration might not abolish the PCAOB — but it doesn’t need to in order to render it ineffective, accounting professor Robert Pawlewicz said.   

    By • Dec. 12, 2024
  • Allen Weisselberg in court on October 2023
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    Michael M. Santiago via Getty Images
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    Trump-related accounting rule revamp is a likely ‘nonstarter’

    Daniel Tinkelman, a professor of accounting at Brooklyn College of the City University of New York, wants the FASB to clarify GAAP rules on personal financial statements.

    By • Dec. 12, 2024
  • FTC surveillance pricing probe
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    Getty Images
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    FTC warns 21 healthcare marketers against deceptive claims

    The warnings come less than a week after the fatal shooting of a UnitedHealthcare CEO unleashed expressions of anger on social media about health insurer practices. 

    By • Dec. 10, 2024
  • Reflective image of Citibank branch exterior facade, located in Manhattan, NYC.
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    Getty Images
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    Citi CFO: Evolving data standards make upgrade more complex

    Mark Mason, the bank’s finance chief, also said the focus on the need to improve data tied to regulatory reporting isn’t unique to Citi.

    By Caitlin Mullen • Dec. 10, 2024
  • Close up of hands typing on a keyboard illuminated in orange.
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    Sean Gallup/Getty Images via Getty Images
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    Credit risk rising as cyber attackers strike larger companies: Moody’s

    Cybercriminals are increasingly deploying generative AI tools in their efforts at ransomware and fraud, Moody’s Ratings said.

    By • Dec. 9, 2024
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    Dean Mouhtaropoulos via Getty Images
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    Super Micro gets delisting reprieve, filing extension

    The San Jose, California-based tech company won a reprieve from the delisting threat it has faced since it failed to file its fiscal 2024 10-K in August.

    By • Dec. 9, 2024
  • whistleblower program, Peirce, Uyeda, confidentiality
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    hapabapa via Getty Images
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    Trump taps crypto lobbyist, business consultant to lead SEC

    Trump’s nominee, Paul Atkins, served as a commissioner at the SEC under former President George W. Bush.

    By • Dec. 4, 2024
  • an exterior shot of a corporate boardroom as a meeting takes place
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    Getty Images
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    Racial diversity falling among new corporate directors: Conference Board

    The Securities and Exchange Commission is considering recommending a rule requiring companies to disclose more about diversity on their boards.

    By • Dec. 3, 2024
  • A department store building on a city corner, with people and cars.
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    Daphne Howland/CFO Dive
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    Macy’s says accountant hid as much as $154M in expenses

    The deliberately misleading accounting of expenses since the fourth quarter of 2021 did not disrupt cash management or vendor payments, Macy’s said.

    By • Nov. 25, 2024
  • UPS driver sitting in his truck in California on Jan. 30, 2023
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    Justin Sullivan via Getty Images
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    SEC hits UPS with $45M fine for material misstatements

    The company overvalued its freight unit, one of its ‘worst-performing’ business segments, prior to the unit’s sale in 2021 for $800 million, the SEC said.

    By • Nov. 25, 2024