FASB finalizes new fair value crypto accounting

Many crypto companies have clamored for the fair value fix, which won't apply to such assets as NFTs.

By Maura Webber Sadovi • Sept. 6, 2023

SEC cyber rules go into effect, raising stakes for CFOs

Armed with its new rules that expand on prior guidance, the regulator could be poised to double down on aggressive cybersecurity enforcement, experts say.

By Alexei Alexis • Sept. 5, 2023

Flawed accounting surges 150%: Glass Lewis

Company reports during the 2023 proxy season reveal that many newer businesses have had to correct financial statements and upgrade internal controls.

By Jim Tyson • Aug. 30, 2023

Revenue leaders crave automation, data visibility: Zuora

Understanding where one can do more with automation can help CFOs make faster strategic decisions and ease the burdens of stressed accountants, Zuora’s Emily Daigle said.

By Grace Noto • Aug. 29, 2023

SEC signals sharper scrutiny of soured real estate loans

A report from the Arnold & Porter law firm warns “accounting for expected credit losses will be a high priority for bank examiners and the staff of the SEC.”

By Maura Webber Sadovi • Aug. 28, 2023

Trump’s tariff would shrink GDP 1.1%: Tax Foundation

A new, far-reaching round of tariffs promoted by Trump would harm profits and productivity at U.S companies, according to a recent report.

By Jim Tyson • Aug. 28, 2023

Nasdaq to delist Republic First for failing to file SEC paperwork

The Philadelphia bank blamed previous leadership for delays in its audit and annual report. The lender has weathered board upheaval and a spike in trading when similarly named First Republic faltered.

By Dan Ennis • Aug. 22, 2023

Bank, ex-CFO settle with SEC over ‘material misstatements’

The former CFO of Malvern Bancorp failed to maintain accurate books and records and implement effective internal controls over financial reporting, the SEC found.

By Alexei Alexis • Aug. 17, 2023

SEC settles with Crowe U.K. over botched audit claims

The firm violated Public Company Accounting Oversight Board standards in connection with an audit of music streaming business Akazoo, the SEC found.

By Alexei Alexis • Aug. 16, 2023

SEC cyber rules ignite tension between reputation and security risk

The rules, which take effect Sept. 5, encountered mixed reactions. Some champion board-level cyber accountability. Others say the rules are too big of a lift.

By David Jones • Aug. 15, 2023

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

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