Compliance: Page 30
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Opinion
Making pandemic-related EBITDA adjustments
Annualized earnings, 2021 EBITDA and swap outs are three approaches CFOs are taking to show company performance potential in light of COVID-19.
By Brian Garfield • Feb. 25, 2021 -
Former KPMG auditors signed off on incomplete college financials
The SEC penalized the auditors for their unprofessional conduct in allowing the College of New Rochelle to release a financial report before completing critical audit steps.
By Robert Freedman • Feb. 24, 2021 -
Explore the Trendline➔
the-lightwriter via Getty Images
TrendlineTop 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 -
Biden's corporate tax hike would reduce output, jobs, wages, study finds
Biden’s proposed increase in corporate tax would push up the U.S. federal-state combined tax rate to the highest level in the OECD, the Tax Foundation said.
By Jim Tyson • Feb. 24, 2021 -
Moriah Solomon. (2021). [Photograph]. Retrieved from Unsplash.
Prior business relationships influence PPP coronavirus lending, study finds
Banks used the PPP last year to strengthen relations with “large connected firms,” a joint study by Washington University in St. Louis, Boston College and the University of Geneva found.
By Jim Tyson • Feb. 17, 2021 -
A financial advisor's top 5 SPAC tax issues
Identifying acquirer and predecessor entities are among decisions the tax team of the combined company must make.
By Robert Freedman • Feb. 17, 2021 -
Fotolia
FASB OKs more timely goodwill impairment testing
Finance teams can wait until their company’s next reporting period to test for any reduction in value.
By Robert Freedman • Feb. 15, 2021 -
"Michigan Capitol" by Michael Erwine is licensed under CC BY 2.0
Study: States cut corporate taxes despite pandemic-induced shortfalls
A plunge in tax revenue caused by the downturn in 2020 did not discourage several states from trimming corporate income taxes.
By Jim Tyson • Feb. 4, 2021 -
SEC. (2021). "WageWorks" [Photo]. Retrieved from SEC.
Former WageWorks CEO, CFO fined for improperly recognizing revenue
The penalty includes clawbacks of the executives’ incentive-based compensation.
By Robert Freedman • Feb. 3, 2021 -
Diverse CFOs could be heading into board-seat golden age
As companies try to meet ESG measures, and a likely Nasdaq rule, efforts to add women and minorities to boards are moving from talk to action, opening opportunities for finance executives.
By Robert Freedman • Feb. 2, 2021 -
Fotolia
SEC appoints policy advisor to advance new initiatives on ESG
The appointment of an ESG advisor by the acting SEC chair follows commitments by President Biden to redouble efforts to combat climate change.
By Jim Tyson • Feb. 2, 2021 -
Screen grab/CFO Dive, data from White Collar Week
After serving time, fraudster cautions against PPP, other emergency loans
Taking money hastily can create more problems than it solves if the additional resources aren’t tethered to need.
By Robert Freedman • Jan. 27, 2021 -
Remote work, whistleblower laws poised to fuel PPP, other fraud prosecutions
As the second year of PPP loans winds down, expect a surge in allegations by employees who feel declining allegiance to their employers, attorneys say.
By Robert Freedman • Jan. 26, 2021 -
Companies denied PPP forgiveness can take tax credit, IRS says
A change Congress made in December allows the credit for some PPP loan recipients.
By Robert Freedman • Jan. 26, 2021 -
SEC. (2019). "Allison Herren Lee" [Photo]. Retrieved from SEC.
Deregulation critic Allison Herren Lee named acting SEC chair
The financial regulation specialist has been a voice against weakening the oversight structure protecting investors.
By Robert Freedman • Jan. 23, 2021 -
Fotolia
Deep DiveSEC to take harder line on financial reporting, attorneys say
COVID-19 and ESG disclosures, information controls and SPACs could receive increased scrutiny, along with accuracy of filings as part of Biden’s SEC approach.
By Robert Freedman • Jan. 21, 2021 -
IRS postpones date for companies to repay deferred payroll taxes
Companies now must repay 2020 taxes delayed as part of pandemic-related relief by Dec. 31, rather than April 30.
By Jim Tyson • Jan. 21, 2021 -
Getty
What can go wrong with a SPAC? More than you can imagine, says CFO
In the rush to get a deal done, choose the right merger partner and watch costs, says 180 Life Sciences finance chief Ozan Pamir.
By Ted Knutson • Jan. 20, 2021 -
Fotolia
Deep DiveBiden tax, oversight plans could add to M&A costs
Sellers can be expected to seek higher valuations to offset higher corporate tax rate and capital gains changes, deal specialists say. And some deals could get more regulatory scrutiny.
By Robert Freedman • Jan. 19, 2021 -
Fotolia
Biden expected to raise corporate tax rate, add tax on book income
Some $3 trillion in potential new tax income could go to infrastructure, alternative energy, and manufacturing as well as provide tax relief to middle- and lower-income households.
By Robert Freedman • Jan. 18, 2021 -
Former Clinton CFO, CFTC head Gary Gensler expected to be named SEC chief
Should the Senate confirm the long-time Washington policymaker, he will likely prioritize ESG reporting and tighter regulatory safeguards.
By Robert Freedman • Jan. 14, 2021 -
Getty Images
Deep Dive2021 Outlook: Why, and how, the CFO should lead ESG efforts
This year, CFOs should prepare their companies for increased scrutiny on environmental, social and governance performance, if they haven't already.
By Jane Thier • Jan. 12, 2021 -
As fraud rises, CFOs must approach numbers skeptically, report finds
Executives might be committed to accuracy, but middle managers and others throughout the organization must be on board, too.
By Robert Freedman • Jan. 12, 2021 -
Fotolia
Hotels, restaurants to get larger PPP loans
The second round expands eligible uses to cloud computing and other operational expenses as well as essential supplies.
By Robert Freedman • Jan. 5, 2021 -
GAO. (2013). "GAO" [Photo]. Retrieved from Wikimedia Commons.
Leveraged lending not a threat to stability, federal watchdog says
Leveraged lending and collateralized loan obligations — flagged by federal agencies for risks before the pandemic — have stabilized since March but regulators are watchful, according to a GAO report.
By Jim Tyson • Dec. 22, 2020 -
China's Luckin Coffee falsified sales; hit with $180M SEC fine
The company misstated earnings and revenue to suggest it was achieving rapid growth and increased profitability when it wasn't, the agency says in its settlement agreement.
By Robert Freedman • Dec. 17, 2020
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