SEC charges Goldman Sachs with ESG policy failures

The Securities and Exchange Commission has pledged to crack down on companies involved in finance and other sectors that overstate their commitment to sustainability, or so-called greenwashing.

By Maura Webber Sadovi • Nov. 23, 2022

SEC: Big fines make violations more than a cost of doing business

The Securities and Exchange Commission ramped up enforcement and extracted record fines in fiscal year 2022, a signal to companies that it wants to see a change in behavior.

By Robert Freedman • Nov. 17, 2022

A holistic approach to ASC 740

Calculating taxes owed is always a monumental task. A provision which guides how companies recognize income taxes is proving to be particularly challenging.

By Adam Schrom • Nov. 17, 2022

ESG materiality ranges beyond ‘bottom line’: SEC official

The SEC will not limit scrutiny to a company’s income statement when verifying compliance with a proposed rule requiring climate risk disclosure, an agency official said.

By Jim Tyson • Nov. 15, 2022

Bahamas law enforcement investigates bankrupt FTX exchange

The collapse of the prominent cryptocurrency exchange coincides with SEC efforts to safeguard investors and businesses against abuses in crypto and other digital assets.

By Gabrielle Saulsbery • Nov. 14, 2022

Keurig Dr Pepper CEO resigns over code of conduct violations

The company’s CEO resigned because of violations of Keurig’s code of conduct — the latest in a string of top executives to come under ethical scrutiny.

By Grace Noto • Nov. 11, 2022

Nearly half of CFOs admit to flawed ESG reporting: EY

Companies and institutional investors worldwide “are at odds when it comes to sustainability,” EY said.

By Jim Tyson • Nov. 11, 2022

Tyson Foods’ apparent inaction on CFO arrest draws fire

The CFO of Tyson Foods said he was “embarrassed” after his arrest on public intoxication and criminal trespassing charges, but the future of his role is unclear.

By Elizabeth Flood • Nov. 8, 2022

Stock buybacks rise toward record $1T: Goldman Sachs

Companies are repurchasing shares at a fast pace before the federal government next year levies a 1% excise tax on such transactions.

By Jim Tyson • Nov. 4, 2022

SEC’s Munter warns of potential decline in accounting ‘professionalism’

Missteps at large accounting firms threaten to undermine investor confidence in financial information, according to Paul Munter, the SEC’s acting chief accountant.

By Maura Webber Sadovi • Nov. 3, 2022

CFOs with a data-savvy eye improve compliance

Handing over the reins of compliance programs to finance executives can curb risks, according to the Institute of Management Accountants.

By Elizabeth Flood • Nov. 1, 2022

Dentsply probe finds former CFO violated ethics code

Dentsply’s internal North America probe didn't find evidence of intentional wrongdoing or fraud but did find some former senior managers violated the company’s code of ethics.

By Maura Webber Sadovi • Nov. 1, 2022

ESG goals versus action gap emerges: survey

One in five financial leaders do not currently consider any ESG information when making decisions and instead rely on traditional financial metrics, the survey found.

By Grace Noto • Oct. 28, 2022

Musk buys Twitter, swiftly fires CEO, CFO

By Friday morning, Ned Segal's Twitter account bio was updated, describing him as the "former CFO and [a] current fan of @Twitter.”

By Maura Webber Sadovi • Oct. 27, 2022

Tipalti CFO’s tactics for winning, keeping workers

Tipalti CFO Sarah Spoja advises CFOs to up engagement with their own financial departments in order to deal with hiring and retention woes.

By Elizabeth Flood • Oct. 27, 2022

Warren wants regulators to answer for crypto ‘revolving door’

Five Democrats wrote the SEC, CFTC, CFPB, OCC, FDIC, Fed and Treasury to see how the agencies’ policies keep employees who jump to crypto lobbying roles from exerting undue influence.

By Rajashree Chakravarty • Oct. 27, 2022

SEC adopts bonus clawback rules

The new clawback rules come amid a broader push by the SEC for more transparency and disclosures in financial reports.

By Maura Webber Sadovi • Oct. 26, 2022

Low-tax laurels go to Wyoming, NJ dead last

Companies are more likely to move to another state with lower taxes than to an appealing foreign location, the Tax Foundation said.

By Jim Tyson • Oct. 26, 2022

SEC busts cannabis company on fraud charges

Cronos, a Canadian producer of marijuana-based products, settled with regulators over charges of faulty accounting and lax controls.

By Jim Tyson • Oct. 25, 2022

FTC redoubles Biden fight against ‘junk fees’

The White House seeks to wipe out hidden charges levied by companies involved in more than two dozen industries.

By Jim Tyson • Oct. 21, 2022

DOJ zeroes in on board conflicts

The agency is putting companies on notice that it plans enforcement actions if they have directors who simultaneously sit on the governing bodies of competitors. 

By Robert Freedman • Oct. 20, 2022

PCAOB hits audit partner with record $150K penalty

The fine is the largest civil penalty levied against an individual by the federal audit watchdog since it was established in 2002.

By Maura Webber Sadovi • Oct. 19, 2022

Businesses seek 15% minimum tax guidance for financials

Absent IRS direction, certain companies may struggle to accurately report the new tax’s financial impact in their future financial reports.

By Maura Webber Sadovi • Oct. 18, 2022

Supply chain partnerships key for the modern CFO

Between advancing ESG reporting requirements and the modernizing CFO seat, developing strong supply chain partners is key for CFOs to find and utilize the right data.

By Elizabeth Flood • Oct. 18, 2022

ESG backlash unlikely to derail SEC climate risk rule

SEC Chair Gary Gensler faces growing resistance to the agency’s proposal that companies provide detailed disclosures on carbon emissions.

By Jim Tyson • Oct. 17, 2022