Compliance


  • Securities and Exchange Commission, SEC, Building in Washington DC
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    qingwa via Getty Images
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    Judge deals major blow to SEC’s cybersecurity enforcement stance

    “The decision substantially limits the SEC’s authority to challenge a company’s cybersecurity program,” attorney Mark Schonfeld said.

    By July 23, 2024
  • CrowdStrike booth at Black Hat USA 2023 in Las Vegas.
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    Matt Kapko/CFO Dive
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    Visa, Mastercard say CrowdStrike didn’t impact networks

    Still, cardholders may have been affected, particularly in Europe, as some bank card issuers were hit by the cybersecurity company’s update snafu.

    By Lynne Marek • July 22, 2024
  • Trendline

    Financial reporting enters a new age

    Finance leaders are increasingly relying on metrics including churn, net promoter score and customer growth to reveal company performance in a way traditional GAAP measures cannot.

    By CFO Dive staff
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    VioletaStoimenova via Getty Images
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    Sponsored by TravelBank

    Reducing T&E policy violations: 3 steps

    Violations of travel and expense (T&E) policies are a drain on company funds.

    July 22, 2024
  • ex-CFO Allen Weisselberg being escorted by law officers following perjury sentencing
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    Michael M. Santiago via Getty Images
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    Ex-Trump CFO Weisselberg released from second jail stint

    The former CFO was released from prison Friday after pleading guilty to charges of felony perjury related to testimony given in ex-president Trump’s $464 million civil fraud trial.  

    By July 19, 2024
  • FASB board
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    Courtesy of FASB
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    FASB answers Big Four convertible debt ask

    The fix comes after PwC, Deloitte, KPMG and EY requested clarity on rules related to convertible debt instruments that have seen a surge in demand. 

    By July 18, 2024
  • Rohit Chopra, Director of the Consumer Financial Protection Bureau, giving a speech in an auditorium.
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    Anna Moneymaker via Getty Images
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    CFPB to apply lending laws to EWA

    The federal agency weighed in Thursday with a proposed rule to oversee the burgeoning earned wage access industry.

    By Lynne Marek • July 18, 2024
  • A four-panel shot of Lamar Johnson (ESG Dive), Jake Rascoff (Ceres), Lindsey Stewart (Morningstar Sustainalytics) and Erin Martin (Morgan, Lewis & Bockius LLP)
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    Joey Sirmons/CFO Dive
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    Sustainability experts: ‘Start preparing now’ for SEC climate rule, other disclosure regulations

    Despite the SEC rule’s temporary stay, sustainability experts said companies should not wait for the court’s ruling to begin preparing for compliance.

    By Zoya Mirza , Lamar Johnson • July 17, 2024
  • Image of SEC Chair Gary Gensler
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    Drew Angerer via Getty Images
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    SEC rule jumpstarts Corpay CAO’s ESG push

    The climate 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 July 16, 2024
  • A pedestrian walks by a sign posted in front of an AT&T store.
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    Justin Sullivan via Getty Images
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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 July 16, 2024
  • Wooden judge gavel and calculator on financial reports.
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    Valerii Evlakhov via Getty Images
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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 July 11, 2024
  • Monish Patolawala head shot
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    Courtesy of ADM
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    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 July 10, 2024
  • workers toil on a hot construction site with the orange sun in the background
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    SonerCdem via Getty Images
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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
  • A wide shot of the U.S. Supreme Court building
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    Al Drago via Getty Images
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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 July 2, 2024
  • Supreme Court
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    Chip Somodevilla via Getty Images
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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 July 1, 2024
  • Loper decision ending Chevron deference doctrine
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    Anna Moneymaker / Staff via Getty Images
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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
  • image of an income statement with dollar bills next to it
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    alfexe via Getty Images
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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 June 26, 2024
  • Detroit
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    Spencer Platt via Getty Images
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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 June 25, 2024
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    Chip Somodevilla via Getty Images
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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 June 25, 2024
  • Supreme Court
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    Chip Somodevilla via Getty Images
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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 June 24, 2024
  • The SEC building in Washington DC
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    qingwa via Getty Images
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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 June 24, 2024
  • Richard Jones
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    Courtesy of Pat Dorsman for FAF
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    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 June 20, 2024
  • transfer pricing tax
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    Mark Wilson via Getty Images
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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 June 17, 2024
  • SEC seal outside Washington D.C. building
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    Chip Somodevilla via Getty Images
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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 June 17, 2024
  • Header image for "Tyson CFO Arrested, Reviving Critics’ Concerns Over Inexperience, Conflict of Interest"
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    CFO Editorial Staff
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    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
  • FASB board
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    Courtesy of FASB
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    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 June 13, 2024