SEC cyber rules send execs scrambling as deadlines near

Companies face the thorny challenge of determining what constitutes a “material” cyber breach for reporting purposes.

By Alexei Alexis • Oct. 10, 2023

Fed Vice Chair Jefferson flags tightening from rising bond yields

Financing costs may have risen in recent weeks as investors upgrade their expectations for economic growth or alter their view of underlying risks, Jefferson said.

By Jim Tyson • Oct. 9, 2023

PCAOB chief slams auditors for 40% error rate

The federal overseer of audit firms last year doubled the number of enforcement orders compared with 2021 and imposed record penalties.

By Jim Tyson • Oct. 5, 2023

CFOs play defense: US Bank survey

Cost cutting is being prioritized over growth — with many CFOs seeing tech as the top means of realizing savings, the survey found.

By Chris Gaetano • Oct. 4, 2023

SEC fines Newell Brands $12.5M for misleading investors

Newell veiled sub-par sales using various accounting changes and disregarded warnings from its audit committee and auditor, the SEC said.

By Jim Tyson • Oct. 3, 2023

US IPOs rise 20% YTD yet lag 2021 pace

IPO investors worldwide have become especially selective as central banks push up interest rates, raising the cost of capital, EY said.

By Jim Tyson • Oct. 2, 2023

CFOs worry most about rate hikes: Fed survey

While vexed by high borrowing costs, top financial executives see revenues rising next year and the economic landscape brightening.

By Jim Tyson • Sept. 29, 2023

PCAOB fines Deloitte affiliate $900,000

Sanctions by the PCAOB against Deloitte’s affiliate in Colombia reflect tougher oversight by the U.S. audit watchdog under the Biden administration.

By Jim Tyson • Sept. 28, 2023

Gensler warns federal shutdown would freeze IPOs, SEC enforcement

Democratic lawmakers predicted a partial government closure would harm the competitiveness of U.S. capital markets.

By Jim Tyson • Sept. 27, 2023

3 valuation takeaways from fraud ruling in Trump asset case

The judge’s ruling is a cautionary tale for financial executives who might look to disclaimers to defend a potentially flawed real estate appraisal.

By Maura Webber Sadovi • Sept. 27, 2023

75% of companies unprepared for coming ESG audits: KPMG

As regulators worldwide begin to mandate ESG disclosures, only 25% of companies are ready for audits of their reports, KPMG said.

By Jim Tyson • Sept. 26, 2023

Small businesses fear revenue hit from looming shutdown: Goldman

Many executives at smaller companies are worried their firms will be hurt financially if lawmakers don’t reach a spending deal before Oct. 1.

By Maura Webber Sadovi • Sept. 25, 2023

Treasurers turn to large banks to buffer risks

While most treasury professionals focused on macroeconomic risks, some are taking steps within their organizations to control what they can.

By Chris Gaetano • Sept. 21, 2023

CFO optimism rebounds on brighter economic outlook: Deloitte

CFO expectations for revenue, earnings and hiring have improved since the second quarter, Deloitte said.

By Jim Tyson • Sept. 21, 2023

Average insider cyberthreat cost spikes 40% in 4 years

The outsmarting of insiders is a “go-to tactic” for many cyberattackers looking to steal credentials and gain access to critical data, according to research from the Ponemon Institute.

By Alexei Alexis • Sept. 21, 2023

Fed forgoes rate hike, signals another increase in 2023

Policymakers have kept the main rate unchanged during two of their six meetings this year as price pressures gradually ease.

By Jim Tyson • Sept. 20, 2023

High rates, fading consumption will stifle growth: Fannie Mae

As the Fed sustains monetary tightening, the economy in coming months will likely slow — or shrink outright, economists said.

By Jim Tyson • Sept. 19, 2023

SEC fines Lyft for failing to disclose $424M, pre-IPO stock sale

Lyft is required under federal securities laws to disclose stock transactions exceeding $120,000 that involve a person with ties to the company, the SEC said.

By Jim Tyson • Sept. 18, 2023

Most workers use AI, usually without company safeguards

Workers are quickly adopting generative AI, and most of them believe the powerful tools do not threaten their jobs, the Conference Board said.

By Jim Tyson • Sept. 15, 2023

CEOs trim hiring plans

CEOs at many of the biggest U.S. companies forecast that the economy will grow 2.1% this year, according to the Business Roundtable.

By Jim Tyson • Sept. 14, 2023

Apple backs California climate bill requiring large companies to disclose carbon footprint

Senate Bill 253 would require businesses operating in the Golden State that make over $1 billion to report their greenhouse gas emissions annually.

By Zoya Mirza • Sept. 14, 2023

ESG ratings fluctuate for asset managers: Morningstar

Three U.S.-based firms saw their grades move up, while UBS Asset Management slipped following its merger with Credit Suisse.

By Zoya Mirza • Sept. 14, 2023

Inflation exceeds forecasts as fuel prices surge

Despite rising price pressures, futures traders believe the Federal Reserve will forgo a rate hike after a monetary policy meeting next week.

By Jim Tyson • Sept. 13, 2023

Gensler says Scope 3 emissions flap delays final climate risk rule

Republican senators criticized Gensler for what they said is a burdensome and divisive regulatory agenda.

By Jim Tyson • Sept. 12, 2023

PwC curbs US offerings, pushes auditor independence

The Big Four firm is curbing its U.S. consulting offerings as concerns over auditor independence continue to swirl.  

By Grace Noto • Sept. 12, 2023