Compliance: Page 2
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Deploying AI in accounting poses 12 audit risks: CAQ study
CFOs see the value of generative artificial intelligence but may not fully grasp its audit risks, according to the Center for Audit Quality.
By Jim Tyson • April 5, 2024 -
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FASB to borrow from international rules for government grants
Many businesses and financial report preparers already rely on the IAS government grant accounting rules because GAAP is silent on the subject.
By Maura Webber Sadovi • April 5, 2024 -
Explore the Trendline➔
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TrendlineESG 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 -
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NY AG prods for missing email relating to ex-Trump CFO’s perjury plea
Allen Weisselberg’s testimony surrounding the triplex was central to the charges of perjury levied against the former CFO, who is set to begin a five-month jail sentence on April 10.
By Grace Noto • April 5, 2024 -
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AT&T hit with proposed class action suit over massive data breach
The breach was a “direct result” of AT&T’s failure to implement adequate cybersecurity procedures, the suit alleges.
By Alexei Alexis • April 2, 2024 -
Courtesy of Tupperware
Tupperware flags accounting strains in late 10-K notice
The late notice comes roughly five months after Tupperware said its former independent auditor PricewaterhouseCoopers declined to be re-appointed.
By Maura Webber Sadovi • April 1, 2024 -
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Ex-construction CFO pleads guilty to wire fraud stemming from $890K embezzlement scheme
The former CFO is required to pay restitution of $890,000 in addition to other penalties and may also face time in prison.
By Grace Noto • April 1, 2024 -
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FASB fine-tunes proposed expense disclosure rule
The proposed accounting standards update is one of several initiatives that have been a priority for FASB under the general theme of disaggregation.
By Maura Webber Sadovi • March 29, 2024 -
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SEC fines Arista Networks founder Bechtolsheim $1M for insider trading
Andreas “Andy” Bechtolsheim, who resigned as Arista chairman in December, allegedly arranged put options contracts for a relative based on non-public information about an imminent deal.
By Jim Tyson • March 26, 2024 -
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Tax-free M&A comes in crosshairs of bipartisan Senate legislation
An effort to scuttle deal-making tax exemptions coincides with signs of life in M&A after a severe slump last year.
By Jim Tyson • March 25, 2024 -
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SEC busts company behind $300M crypto Ponzi scheme targeting Latinos
Under the leadership of Gary Gensler, the SEC has intensified efforts to protect investors involved in what he calls the “Wild West” of crypto assets.
By Jim Tyson • March 15, 2024 -
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EU lawmakers pass sweeping AI rules with global reach, stiff penalties
Penalties include up to €35 million or 7% of a company’s total worldwide annual turnover — whichever is higher — for violations of a ban on “emotion recognition” in the workplace.
By Alexei Alexis • March 13, 2024 -
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New SEC cyber rules draw ‘question-begging’ breach disclosures
Filers may be opening the door to investor confusion by reporting breaches that don’t appear to be “material” as described, without explaining why.
By Alexei Alexis • March 12, 2024 -
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Minnesota bill with 120-hour CPA path inches forward
The Minnesota bill would allow future certified public accountants to sidestep the need for a fifth year of college. It is controversial.
By Maura Webber Sadovi • March 11, 2024 -
Permission granted by Andy Gerit
Visa spends ‘billions’ battling cybersecurity threats
“We are all in an arms race to protect this ecosystem, to protect the network,” Visa CEO Ryan McInerney said at an investor conference last week.
By Lynne Marek • March 11, 2024 -
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Pillar 2 tax heightens CFO need for quality data
In 2021 more than 130 countries agreed to implement Pillar 2, which seeks to set a global minimum effective tax rate of 15% for certain multinational enterprises.
By Grace Noto • March 6, 2024 -
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SEC drops scope 3 from final climate rule
The agency said scope 3 was removed due to a large number of comments concerning compliance costs, as well as the consistency and reliability of scope 3 data.
By Lamar Johnson • March 6, 2024 -
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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 -
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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 -
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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 -
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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 -
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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 -
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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 -
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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
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