SEC charges ex-CFO at gold mining SPAC with $5M fraud

The embezzlement allegations follow the collapse of the SPAC market in 2022 and sharper SEC scrutiny of the so-called blank check companies.

By Jim Tyson • Jan. 4, 2023

IRS delivers ‘crucial guidance’ on 15% minimum tax

The interim guidance gives tax preparers some key directions for interpreting the 15% Corporate Alternative Minimum Tax. But more questions remain, experts say.

By Maura Webber Sadovi • Jan. 3, 2023

Explore the Trendline➔

Top 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

SEC commissioner opposes ‘ballooning’ PCAOB budget

The PCAOB has stirred up criticism since SEC Chair Gary Gensler shook up its leadership and called for sharper regulation of the firms that audit public companies.

By Jim Tyson • Jan. 3, 2023

How GCs can prevent universal proxy cards from disrupting strategy

The impact of the SEC’s new director voting system remains to be seen, but a legal leader’s role in consensus-building is clear.

By Robert Freedman • Jan. 3, 2023

Shifting retirement plan climate calls for CFO attention: WTW

As resources to fund retirement plans are expected to grow scarcer next year, companies must be nimble and share a clear vision when shaping retirement plan offerings.

By Elizabeth Flood • Dec. 20, 2022

‘Bleisure’ travel pays off in ROI

Combining business and leisure travel may lead to employee retention, according to Hilton executives.

By Elizabeth Flood • Dec. 16, 2022

New CFO shares first-timer tactics

Jeremy Klaperman advises new CFOs to establish a wide range of connections and to seek potential over knowledge when hiring talent.

By Elizabeth Flood • Dec. 15, 2022

PCAOB gains breakthrough access to Chinese audit firms

The PCAOB’s push for more transparency in China-based companies will enable CFOs and auditors who heavily rely on Chinese firms to better understand their partners’ operations.   

By Maura Webber Sadovi • Dec. 15, 2022

FASB forges ahead on crypto disclosure requirements

The board was effectively silent on the collapse of crypto exchange FTX last month but it forged ahead on its ongoing project to set new standards for digital assets.

By Maura Webber Sadovi • Dec. 14, 2022

Trump case spells benefits’ tax perils

Underreporting “fringe benefits” has long been on the IRS’ radar but there appears to be a shift toward holding companies more accountable for tax reporting.

By Maura Webber Sadovi • Dec. 14, 2022

DOJ, SEC charge Sam Bankman-Fried with defrauding investors

Former FTX CEO Sam Bankman-Fried was arrested Monday night in the Bahamas and charged Tuesday with eight criminal counts including wire fraud.

By Gabrielle Saulsbery • Dec. 13, 2022

Shoddy ESG data stymies 35% of senior executives: Deloitte

CFOs have redoubled efforts to measure sustainability as the SEC completes a rule requiring disclosure of climate risks.

By Jim Tyson • Dec. 12, 2022

Tyson Foods backs CFO after reviewing arrest

The meat processing giant’s pick of John R. Tyson — the great grandson of the company’s founder — has drawn skepticism from some board governance experts.

By Elizabeth Flood • Dec. 9, 2022

SEC calls for disclosure on crypto risks, citing ‘financial distress’

The collapse of FTX has slammed scores of creditors, prompting SEC concerns that companies may suffer losses from direct or indirect links to crypto markets.

By Jim Tyson • Dec. 9, 2022

3 reforms for the post-FTX crypto era

FTX’s collapse underscores the highly-centralized crypto market’s risks and blockchain’s importance as a defense against bad actors, Metallicus' CFO argues.

By Irina Berkon • Dec. 9, 2022

PCAOB warns of uptick in auditing flaws

To avert flaws in reports, CFOs should keep auditors apprised of any big changes or new business risks and invest in internal controls.

By Maura Webber Sadovi • Dec. 8, 2022

CFO stressors: Job creep

While many finance chiefs are adjusting to their expanding duties, some CFOs feel they are doing an untenable share of the C-suite’s heavy lifting.

By Elizabeth Flood • Dec. 7, 2022

US watchdog sanctions three KPMG global firms

The PCAOB cracked down against KPMG for several alleged violations in the latest sign of tougher oversight of the accounting firms that audit publicly listed companies.

By Jim Tyson • Dec. 7, 2022

Trump Organization tax guilt turned on meaning of ‘in behalf of’

Even if helping the company wasn’t the main goal of the tax scheme carried out by Allen Weisselberg when he was CFO, the company is still implicated in the fraud, according to the verdict.

By Robert Freedman • Dec. 7, 2022

10 of the year’s biggest CFO stories

As the year winds down, we wanted to take a moment to highlight some of the stories that have helped keep our readers in the know in 2022. 

By Maura Webber Sadovi • Dec. 2, 2022

Tyson CFO pleads not guilty to criminal trespass, intoxication charges: reports

Tyson Foods has drawn criticism from some corporate governance experts who have said the company should have taken a more aggressive stance on the arrest of its newly-minted CFO.

By Elizabeth Flood • Dec. 1, 2022

FASB takes step toward clarifying lease accounting

The proposed lease accounting update comes as the FASB works on a project that would require companies to disclose more income-tax information.

By Maura Webber Sadovi • Dec. 1, 2022

Nearly half of employees surveyed have side hustles: Workhuman

Many employees are taking on side hustles, with nearly half of workers recently surveyed citing economic uncertainties as a factor in their decisions, according to Workhuman.

By Elizabeth Flood • Dec. 1, 2022

FASB targets improved income-tax transparency

FASB is considering more stringent standards that would require companies to disclose income taxes paid to federal, state and foreign entities.

By Maura Webber Sadovi • Nov. 30, 2022

Five US cities target building energy use, emissions with fines

New York, San Francisco, Washington, D.C., Boston and St. Louis are poised to implement penalties to curb building-level greenhouse gas emissions or energy use.

By Maura Webber Sadovi • Nov. 29, 2022