Compliance: Page 4
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SEC rule jumpstarts Corpay CAO’s ESG push
The climate-risk disclosure rule’s March passage helped push the payments player to double down on its ESG reporting strategy, Chief Accounting Officer Alissa Vickery said.
By Maura Webber Sadovi • July 16, 2024 -
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Latest AT&T data breach risks customer defections: Moody’s
The incident comes as AT&T is already facing a number of class action suits stemming from a separate breach that was disclosed in March.
By Alexei Alexis • July 16, 2024 -
Explore the Trendline➔
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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 -
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Former tech CFO sanctioned in UK over fraud after US jail sentence
The ex-finance chief of software vendor Autonomy is banned from working as an accountant in the U.K. until November 2038.
By Alexei Alexis • July 11, 2024 -
Courtesy of ADM
ADM hires 3M CFO, signaling push for fresh start after accounting woes
The grain trading giant’s financial reporting practices have been in the spotlight since January when it revealed an internal probe was underway.
By Maura Webber Sadovi • July 10, 2024 -
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OSHA proposes rule to protect workers from extreme heat
Released this morning, the standard would require employers to provide water and rest breaks when high heat creates a hazardous work environment.
By Zachary Phillips • July 2, 2024 -
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Chevron ruling adds new wrinkle to US cybersecurity efforts
The Supreme Court decision could have major ramifications for federal agencies that rely on old laws to tackle digital-era policy challenges, legal analysts said.
By Alexei Alexis • July 2, 2024 -
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SCOTUS gives CFOs ‘brand new lens’ for tax positions
Businesses should review their tax positions to see if they are dependent on a regulation that might be vulnerable to a challenge, attorney Robert Kovacev said.
By Maura Webber Sadovi • July 1, 2024 -
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Supreme Court deals big blow to federal agencies
In a landmark ruling, the justices overturned a 40-year-old precedent and significantly reduced the power of federal agencies to interpret the laws they administer.
By David Weisenfeld • June 30, 2024 -
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FASB sets compliance clock for new expense disclosure rules
Compiling data to comply will take “quite a bit of company resources,” said Nicole Wright, an associate professor of accounting at James Madison University.
By Maura Webber Sadovi • June 26, 2024 -
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Judge freezes ex-Detroit Riverfront CFO’s assets including boat, real estate
The former finance chief of the Detroit Riverfront Conservancy faces criminal charges of bank and wire fraud in connection with a $40 million embezzlement scheme.
By Maura Webber Sadovi • June 25, 2024 -
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SEC’s $2.1M fine on RR Donnelly over hack response slammed as overreach
The agency’s assertion that a cybersecurity failure can be punished as an “internal accounting controls” violation is raising eyebrows.
By Alexei Alexis • June 25, 2024 -
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Supreme Court ruling douses repatriation tax refund hopes
The court affirmed the constitutionality of the one-time Mandatory Repatriation Tax on income from investments in foreign corporations.
By Maura Webber Sadovi • June 24, 2024 -
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Restatements decline, with small companies more prone to error: CAQ
The Sarbanes-Oxley Act of 2002 prompted a long-term reduction in restatements by tightening financial reporting and audit rules, CAQ said.
By Jim Tyson • June 24, 2024 -
Courtesy of Pat Dorsman for FAF
With reservations, FASB votes for narrower software rules update
While some members expressed concerns about not going far enough to modernize the rules, the FASB voted 7-0 to move forward with a more targeted proposal.
By Maura Webber Sadovi • June 20, 2024 -
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IRS aims to end ‘shell game’ by partnerships, targets $50B extra in taxes
Tax dodging by complex partnerships “has been overlooked for more than a decade,” IRS Commissioner Daniel Werfel said Monday.
By Jim Tyson • June 17, 2024 -
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Ex-Synchronoss CFO to pay $125k fine for accounting misconduct
Alongside the reimbursement of certain compensation to Synchronoss, the ex-CFO agreed to pay $125,000 in civil penalties without admitting or denying the SEC’s charges.
By Grace Noto • June 17, 2024 -
CFO Editorial Staff
Tyson Foods CFO suspended after arrest for intoxicated driving
This is the second alcohol-related incident for John R. Tyson since he took the executive role less than two years ago.
By Nathan Owens • June 13, 2024 -
Courtesy of FASB
FASB’s environmental credit rules recall crypto debate
Like crypto rules FASB recently finalized, the environmental credit accounting standards would provide specific guidance where GAAP is currently silent.
By Maura Webber Sadovi • June 13, 2024 -
Courtesy of PCAOB
PCAOB Chair Erica Williams gets second term
The board has pursued an aggressive agenda under Williams, with record fines against accounting firms.
By Alexei Alexis • June 12, 2024 -
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Heed Corporate Transparency Act despite legal cloud, experts say
Passed in 2021, the law was designed to prevent bad actors from using legal entities to shield money laundering and other illicit activity.
By Chris Gaetano • June 7, 2024 -
Courtesy of Chemours
Chemours appoints new CFO after accounting probe
The appointment comes after the chemical company discovered that three of its top executives, including its then-CFO, engaged in unethical financial practices.
By Alexei Alexis • June 6, 2024 -
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Gensler slams crypto after House passes bill opening ‘regulatory gaps’
A growing number of companies in the U.S. and elsewhere have turned to digital assets as an alternative to conventional currencies, according to Deloitte.
By Jim Tyson • May 24, 2024 -
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Opinion3 ESG lessons CFOs can learn from SOX compliance
ESG reporting may be a relatively new challenge but there is nothing new about C-suite leaders facing “perfect storm” reporting requirements, Wolters Kluwer's Alessio Lolli writes.
By Alessio Lolli • May 23, 2024 -
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SEC fines NYSE’s parent $10M for failing to report cyberattack
The settlement sheds light on the costs of cyberattacks that can include penalties for non-compliance with timely disclosure requirements after the events occur.
By Maura Webber Sadovi • May 22, 2024 -
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More small companies willing to distort books to hide corruption: ACCA
The U.S. has made little progress combating corruption since 2021, according to Transparency International.
By Jim Tyson • May 21, 2024
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