Banking groups urge SEC to rescind Biden-era cybersecurity rule

The rule has exposed companies to liability risks while failing to provide investors with “decision-useful” information, the coalition said in a recent letter.

By Alexei Alexis • June 3, 2025

Illinois passes CPA licensure bill with 2027 start date

Once signed into law, the legislation’s Jan. 1, 2027 effective date would allow time to set up rules needed to implement the changes, the Illinois CPA Society’s Martin Green says.

By Maura Webber Sadovi • May 28, 2025

Unions favored over big business more than any time in 60 years: EPI

While public support for unions has grown in recent years, they have not made significant inroads in worker representation.

By Jim Tyson • May 21, 2025

Regeneron agrees to purchase bankrupt 23andMe, protect data

The proposed sale is expected to close in the third quarter, subject to approval by the U.S. Bankruptcy Court for the Eastern District of Missouri.

By Alexei Alexis • May 19, 2025

FASB clarifies rules for warrants, share-based payments

The GAAP update will affect how companies account for share-based financial instruments such as warrants that they grant to customers as a kind of rebate to incentivize purchases. 

By Maura Webber Sadovi • May 16, 2025

South Carolina, Oregon join states removing 150-hour CPA hurdle

In recent months over a dozen states have passed legislation easing licensure requirements for CPAs as part of a workforce development push to fix the accounting shortage.

By Maura Webber Sadovi • May 15, 2025

US, China agree to reduce tariff rates for 90 days

By Wednesday, the two countries will charge 10% baseline duties during the period and remove certain retaliatory levies that pushed rates over 100%.

By Philip Neuffer • May 12, 2025

House committee votes to scuttle PCAOB, make SEC auditor watchdog

Democrats on the Financial Services Committee condemned efforts to eliminate the PCAOB, quoting Republicans who championed creation of the board in 2002.

By Jim Tyson • May 1, 2025

PCAOB chair ‘deeply troubled’ by GOP proposal to abolish agency

The disruption to inspections of public accounting firms while a new program gets up and running could last years, PCAOB Chair Erica Williams said.

By Alexei Alexis • April 29, 2025

FASB’s draft rules could harm environmental credit markets, EDF says

The FASB is proposing specific accounting standards for carbon offsets and other climate-related credits and obligations, an area where GAAP is now effectively silent.

By Maura Webber Sadovi • April 29, 2025

Tariff turmoil could open door for vendor fraud, experts say

The situation is reminiscent of the COVID-19 pandemic, which triggered “urgent vendor sourcing and payment pressures for companies,” a treasury expert said.

By Alexei Alexis • April 29, 2025

GOP lawmakers propose legislation scrapping auditor watchdog PCAOB

Paul Atkins, prior to his confirmation as head of the Securities and Exchange Commission this month, told a Senate panel in March that oversight of auditors “is vital.”

By Jim Tyson • Updated April 28, 2025

Beyond the Omnibus headlines: Unlock the financial benefits of sustainability

How Omnibus changes simplify reporting and help you turn sustainability into financial performance.

By Sophia Mendelsohn, Chief Sustainability and Commercial Officer, SAP • April 28, 2025

Texas passes CPA law as push to lower licensure barrier gains steam

At least 11 states have recently passed new legislation that removes the 150-hour college credit hurdle to CPA licensure.

By Maura Webber Sadovi • April 25, 2025

IRS acting head’s ouster adds to agency’s ‘chaotic’ shake-up

The agency’s leadership turmoil would likely harm taxpayer service first, while its impact on revenue collection would be seen later, according to a Tax Foundation policy analyst.

By Maura Webber Sadovi • April 21, 2025

Work visas favored by big tech CFOs face more scrutiny, attorneys say

As the Trump administration tightens immigration policies, legal experts say lengthier vetting of visa petitions require companies to develop international talent plans up to a year in advance.

By Suman Bhattacharyya • April 18, 2025

Ex-Girardi CFO sentenced to 10 years in federal prison

The former finance chief was also ordered to pay $8.9 million in restitution after helping to build “a web of deceit and manipulation,” according to the court.  

By Grace Noto • April 14, 2025

Tracking CPA licensure paths: Removing the 150-hour-rule hurdle

State changes to licensing rules are chipping away at a decades-old system that has largely required CPA candidates to complete what effectively amounts to a fifth year of schooling.

By CFO Dive staff • Updated May 28, 2025

FASB sets clock for derivatives rules update

Existing accounting standards have led to “scope creep,” with derivative standards being applied too often, FASB Chair Richard Jones said.  

By Maura Webber Sadovi • April 11, 2025

DOGE poses danger to FTC data, fired commissioners say

The pair, who served as Democrats on the commission, said they were “deeply concerned” that DOGE may access confidential business data at the FTC.

By Alexei Alexis • April 11, 2025

Paul Atkins confirmed to lead SEC despite Democrats’ opposition

Sen. Elizabeth Warren slammed Republicans for prioritizing a vote to put a “fox in charge of the hen house” over working to stop Trump’s tariff “chaos.”

By Alexei Alexis • April 10, 2025

Strategy reports unrealized $5.91B loss on digital assets

The Tysons Corner, Virginia-based company’s report comes on the heels of a bitcoin slump and newly effective crypto accounting rules from FASB.

By Maura Webber Sadovi • April 8, 2025

Trump’s tariffs: Tracking the status of international trade actions

The U.S. has rolled out a deluge of tariffs, sparking responses from trading partners. Here's where each tariff – threatened or realized – currently stands.

By Philip Neuffer , Edwin Lopez • Updated May 27, 2025

Georgia, Indiana join growing band of states to pass CPA licensure laws

So far this year at least seven states have passed alternative CPA licensure laws aimed at easing the accounting talent shortage.

By Maura Webber Sadovi • Updated April 3, 2025

FASB clarifies guidance for construction contract holdbacks

Accounting related to revenue recognition issues has been one of the thornier subjects tripping up report preparers in recent years.

By Maura Webber Sadovi • April 2, 2025