FASB fair-value play poised to clear crypto barrier

If adopted, the standard would eliminate a deterrent that keeps some companies from getting involved with crypto, according to a Crowe LLP partner.

By Maura Webber Sadovi • Oct. 17, 2022

Upskilling helps CFOs battle cyber, workforce retention challenges

Investing to upskill existing employees while also hiring skilled talent where needed could help CFOs address cybersecurity and talent retention issues.

By Grace Noto • Oct. 17, 2022

Feds step up focus on companies’ use of dark patterns

The Federal Trade Commission is signaling that it intends to go after the use of online manipulation tactics to separate consumers from their money. 

By Robert Freedman • Oct. 14, 2022

Superfund taxes stress chemical importers, suppliers

Many companies are still struggling to understand whether the reinstated Superfund excise taxes apply to their operations and what it all means for tax bills. 

By Dawn Wotapka • Oct. 14, 2022

SPAC backing Trump media delays merger vote

Digital World seeks time to gain formal SEC approval for its tie-up with Trump’s media company as the agency investigates potential illegal behavior in their merger negotiations.

By Jim Tyson • Oct. 11, 2022

EY in ‘dialogue’ with IRS on split-off divestitures

As financial report preparers are beginning to grapple with the ramifications of the new 15% corporate minimum tax, the split-off issue is emerging as a flashpoint.

By Maura Webber Sadovi • Oct. 7, 2022

California pay transparency law signals new norm

California joins both Colorado and New York City among states enforcing companies to disclose information about pay ranges and salaries to potential employees.

By Elizabeth Flood • Oct. 7, 2022

FASB preps biggest ‘segment’ accounting change in 25 years

Under the proposal, publicly-traded companies would have to disclose more frequent and comprehensive data on their business units.

By Maura Webber Sadovi • Oct. 6, 2022

FASB extends LIBOR relief two years

The decision has been months in the making and comes as FASB’s rule-making process has come under fire from a Securities and Exchange Commission committee.

By Maura Webber Sadovi • Oct. 5, 2022

PCAOB sanctions four audit firms in enforcement ‘sweep’

The watchdog for the firms that audit publicly-traded companies has intensified supervision in 2022, with plans to sharpen penalties against rule-breakers.

By Jim Tyson • Oct. 5, 2022

Social responsibility, inflation top worry list for risk managers

Economic worries, social responsibility concerns and cybersecurity weaknesses topped the list of concerns for risk and compliance leaders facing an increasingly complex regulatory environment.

By Grace Noto • Sept. 29, 2022

NJ Devils, Philly 76ers veteran named Schellman CFO

Andy Goldstein, who has held the top financial seat for big-name brands such as the New Jersey Devils, will tap his 22 years of industry experience as CFO for the accounting firm.

By Elizabeth Flood • Sept. 29, 2022

SEC says Oracle bribed officials, imposes $23M penalty

Since the violations came to light, Oracle has taken several remedial steps, including strengthening its global compliance, risk and control functions, the SEC said.

By Jim Tyson • Sept. 27, 2022

SEC committee calls for FASB reform

FASB’s slow rule-making process can have negative consequences for investors and financial executives, the SEC’s report asserts.

By Maura Webber Sadovi • Sept. 26, 2022

Mobile workforce guidelines for contractors

What are the best methods for compliance and cost reduction of a mobile workforce?

Sept. 26, 2022

Dentsply taps new CFO after shaking up Moderna

Dentsply’s disclosure in May of an internal probe into its use of incentives led to the swift departure of its former CFO Jorge Gomez from Moderna after only one day on the job.

By Maura Webber Sadovi • Sept. 23, 2022

FASB LIBOR relief draws support, deadline nears

The proposal would extend accounting relief for another two years to borrowers switching LIBOR-linked loans to new benchmarks.

By Maura Webber Sadovi • Sept. 21, 2022

SEC presses for economic risk disclosures

The SEC’s focus on disclosures related to turbulence in the economy comes as the agency pushes companies to disclose more about executive pay. 

By Maura Webber Sadovi • Sept. 20, 2022

Nearly one third of employers balk at pay transparency: study

With more states requiring pay disclosures, companies and their financial executives need to develop a consistent national strategy, said Mariann Madden of WTW. 

By Elizabeth Flood • Sept. 16, 2022

CFOs need to ‘get smart’ about ESG reporting

“ESG requirements are changing the landscape of corporate America,” said Lisa Edwards, president and chief operating officer of SaaS firm Diligent.  

By Elizabeth Flood • Sept. 15, 2022

Private companies grapple with FASB lease accounting rules

Private companies have voiced concerns about the complexity of updated lease accounting rules, a FASB staff member reported Wednesday. 

By Maura Webber Sadovi • Sept. 14, 2022

Intercompany ops: more than zero-sum game

For CFOs of growing companies, intercompany operations have increasing implications that extend across accounting, finance, tax, and treasury departments.

By David Brightman • Sept. 13, 2022

FASB to consider tweaking lease accounting guidance

Lease accounting is one of three major standards currently undergoing post-implementation reviews, according to FASB spokesperson Christine Klimek.

By Maura Webber Sadovi • Sept. 9, 2022

ESG ratings firms show ‘significant shortcomings’: study

ESG ratings providers, while gaining from rising demand for their assessments, are unreliable in gauging risk and return, Stanford University researchers said.

By Jim Tyson • Sept. 9, 2022

Gensler: securities laws cover ‘vast majority’ of crypto tokens

The SEC’s Gary Gensler signaled he would cooperate with the Commodity Futures Trading Commission to the extent that “it needs greater authorities with which to oversee and regulate crypto non-security tokens.”

By Maura Webber Sadovi • Sept. 8, 2022