Shell faces lawsuit as SEC prepares carbon crackdown

The SEC plans Monday to announce a proposed rule for carbon emissions disclosure just days after Shell came under fire from activists saying it needs a solid strategy to curb climate risk.

By Jim Tyson • March 18, 2022

What the new R&D tax rule means for life sciences companies

For established companies with very large R&D expenses, the cash tax impacts can be a billion-dollar issue.

By Mark Drozdowski and Christine Kachinsky • March 18, 2022

Explore the Trendline➔

Top 5 stories from CFO Dive

The promises and traps of generative AI, revamped modern finance teams and stark geopolitical risks are among the top forces CFOs are grappling with this year.

By CFO Dive staff

School district overstated financials in $20M bond issue; former CFO fined

The Crosby, Texas, agency left almost $12 million it owed off the financial statements that were used to support its capital raise. 

By Robert Freedman • March 18, 2022

Regulation, weak economy pose obstacles to SPACs: Deloitte

After booming last year, the SPAC market has fizzled so far in 2022, with the number and average value of deals falling.

By Jim Tyson • March 16, 2022

Women executives tick up to 18%, avoid pandemic backslide

“We are still far from where we should be, and some of our findings continue to be shocking,” said Diana Van Maasdijk, CEO at Equileap. 

By Maura Webber Sadovi • March 15, 2022

Risks persist with some LIBOR legacy contracts: Fitch

Recently passed federal legislation may not avert disruptions from some financial contracts linked to LIBOR that need to adopt a new benchmark rate.

By Jim Tyson • March 14, 2022

SEC pushes for tougher cybersecurity disclosure rules

SEC Chair Gary Gensler said investors demand more detailed information about how companies seek to curb the risk and costs of cyberattacks.

By Jim Tyson • March 9, 2022

How CFOs can structure an ESG-friendly tax strategy

ESG's tax implications is “a topic where there’s a two-way street,” said Kevin M. Jacobs, a managing director at Alvarez & Marsal Taxand. 

By Maura Webber Sadovi • March 3, 2022

CFOs should prepare for stronger ESG shareholder pressure: EY

CFOs and directors need to prepare for the 2022 proxy season as institutional investors turn up the heat on efforts to ensure companies embrace sustainable business practices.

By Jim Tyson • March 1, 2022

Boards face more challenging 2022 proxy season on ESG

Company leadership should enter the proxy season ready to handle numerous shareholder proposals on sustainability and such political activities as lobbying and campaign contributions, the Conference Board said.

By Jim Tyson • Feb. 25, 2022

SEC to take hard stand against corporate 'greenwashing'

The SEC soon plans to propose rules for sustainability disclosure that will feature detailed guidelines for reporting on greenhouse gas emissions, according to SEC Commissioner Allison Herren Lee.

By Jim Tyson • Feb. 24, 2022

Former ass't treasurer gamed company's FX transactions, SEC says

Health products manufacturer Baxter International acted quickly to stop the practice but was cited for not catching it sooner because of inadequate controls.

By Robert Freedman • Feb. 24, 2022

15% minimum global tax would harm US business: Senate Republicans

The global tax package now before the Senate may expose U.S. companies to a “top-up tax” and other levies not acknowledged by the Biden administration, Republican senators said.

By Jim Tyson • Feb. 22, 2022

Revenue recognition still gets companies in most SEC trouble

The Securities and Exchange Commission’s data-mining EPS initiative made only one catch last year, a Cornerstone Research analysis shows.

By Robert Freedman • Feb. 22, 2022

Investors warned against taking 'lottery ticket' approach to SPACs

Some SPACs with conflicting interests harm investors by bringing weak companies to the IPO market, the CFA Institute said.

By Jim Tyson • Feb. 18, 2022

Ransomware attacks, extortion doubled in 2021: Accenture

Companies facing a surge in cybercrime can take several steps to limit the risk — and cost — of a ransomware attack.

By Jim Tyson • Feb. 17, 2022

Gensler aims to boost SEC incentives for whistleblowers

After a record year for whistleblower awards, SEC Chair Gary Gensler wants to increase the enticements for those who disclose financial misconduct. 

By Jim Tyson • Feb. 14, 2022

Senate prepares relief for tough LIBOR legacy contracts

The long-awaited federal legislation would switch a large portion of $1.9 trillion in financial contracts to the Secured Overnight Financing Rate approved by the Federal Reserve.

By Maura Webber Sadovi • Feb. 9, 2022

Supply chain changes can give CFOs tax nexus headaches

Remote workers, and in some cases independent contractors, can also change a company’s state tax situation, specialists say.

By Robert Freedman • Feb. 8, 2022

SPAC industry promotes myths in a 'deep fraud,' former SEC official says

Promoters of SPACs have upheld several "myths" to ensure steady income from a boom in the so-called blank-check companies, according to a former senior SEC official.

By Jim Tyson • Feb. 2, 2022

HeadSpin action helps it avoid SEC penalties despite fraud charges

The software company, after an internal investigation, forced the founder and CEO to resign, hired new executive leadership and recapitalized to repay investors. 

By Robert Freedman • Jan. 31, 2022

Supply chain overhaul brings benefits with tax complexity: EY

Although the pandemic revealed the costs of relying on a global supply chain, companies that bring production home may face a big tax bill.

By Jim Tyson • Jan. 28, 2022

Petition details Trump Organization valuation practices

A property the company bought in 1995 for $7.5 million was valued at almost $300 million in 2014, even though a plan for luxury home development was still in the starting gate, the document shows.

By Robert Freedman • Jan. 20, 2022

Antitrust officials will update M&A rules for technology, other sectors

The Federal Trade Commission and Department of Justice say current M&A guidelines may lag changes in technology-driven markets. 

By Jim Tyson • Jan. 19, 2022

Interest deduction, R&E changes could raise 2022 tax bill

Finance leaders will need to determine how two provisions in the 2017 Tax Cuts & Jobs Act that take effect this year will impact their operations, says a tax specialist.

By Robert Freedman • Jan. 10, 2022