GE Taps Maersk CFO to Head Finance
Carolina Dybeck Happe leaves Maersk after less than a year to take the most prestigious job in corporate finance.
Flurry of SEC Cases Disclosed
With its fiscal year-end looming, the SEC disclosed charges and settlements against seven different organizations in two days.
RSM Charged by SEC with Violating Auditor Independence Rules
The accounting firm agreed to a $950,000 penalty and to engage an independent consultant to evaluate its current quality controls.
Groupon Gets Its Fourth CFO In Four Years
Groupon's CFO Michael Randolfi announced he is resigning to pursue another opportunity. The company's CAO will serve as interim finance chief.
Ratings Service for Digital Offerings Charged by SEC
Russia-based ICO Rating failed to disclose that its "ratings" of initial coin offerings were actually paid promotions.
SEC Charges Drug Firm with Reg FD Violations
In calls and emails, TherapeuticsMD shared material, nonpublic information about a new drug's likelihood of FDA approval with sell-side analysts.
FASB Proposes Later Standards Deadlines for Private Companies
The Financial Accounting Standards Board says it wants to make a two-year stagger of implementation deadlines standard practice.
FASB Gives Private Companies Breathing Room on Lease Accounting
FASB members voted unanimously to propose moving back the effective date for lease accounting and two other major new accounting standards.
CFOs Remain Cautious With Corporate Cash
U.S. companies have not relinquished their liquidity buffers or their habit of keeping cash in ultra-safe investment vehicles.
Consumers Boost Citigroup’s Second-Quarter Performance
The first major bank earnings report demonstrates consumers may be key to the second-quarter profits of the largest financial institutions.
Goodwill Impairment Testing: Time to Revisit?
FASB’s invitation to comment on goodwill accounting lays out possible cases for doing away with or improving impairment testing.