Good morning and good Monday to everyone in the realm of finance and accounting. Perhaps you need to get caught up on what’s going on? For example, how come 30% of employees are getting bonuses when bonuses are underfunded for the 5th straight year? Why is fraud costing retailers big chunks of sales? And which CFO’s are going where? All these questions answered and more, don’t miss today’s CFO roundup…

 

Bonuses to Be Underfunded for 5th Straight Year

And three in 10 employers plan to give bonuses this year to employees who fail to meet performance expectations, says Towers Watson.

>> Matthew Heller

 

CFOs on the Move: Week Ending Sept. 18

The Madison Square Garden Co., Taubman Centers, The Hain Celestial Group, Cvent, GAIN Capital, API Technologies, GlobalLogic, Exide Technologies.

>> Joan Urdang

 

Fraud Costing Retailers Bigger Chunk of Sales

A survey finds all merchant segments took a big hit on fraud losses in 2015 and many are spending more than $100,000 a year on mitigation.

>> Katie Kuehner-Hebert

 

Firms Facing Tough Anti-Corruption Hurdles

A KPMG survey says the complexity of complying with anti-bribery regulations is making it more difficult to audit third parties.

>> Katie Kuehner-Hebert

 

Florida CPA Accused of Faulty Audits of 8 Firms

The SEC says Terry Johnson’s audits had so many deficiencies they “amounted to no audits at all.”

>> Matthew Heller

 

Fitch Warns of Anheuser-Busch Debt Downgrade

The ratings agency says the brewer’s bonds could be downgraded to junk if it acquires SABMiller with debt only.

>> Katie Kuehner-Hebert

 

Regulator Recognizes Bitcoin as a Commodity

The CFTC’s enforcement action against an exchange suggests trading of cryptocurrency futures and options will now be subject to its regulations.

>> Matthew Heller

 

For more in-depth financial information, check out our CFO Whitepaper Library.

 

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