Accounting & Tax
Credit & Capital
Risk & Compliance
Apple, Google Take Flak Over App Platforms
A witness at a Senate hearing compared the companies' control over their platforms to the "behavior of the robber barons."
Ex-Goldman Analyst Barred for Insider Trading
FINRA says Brian Maguire traded shares in two companies after learning that a colleague was upgrading his recommendation on the firms.
House OKs Bill to Make Weed Banking Legal
The law is "an important step" toward allowing banks to serve legal cannabis and cannabis-related businesses.
What Gary Gensler’s Confirmation As SEC Chair Means For Crypto
He will be the first cryptocurrency policy and blockchain technology expert to take the reins at the SEC.
Alibaba’s Ant Group to Become a Financial Holding Company
The development comes after regulators imposed a $2.8-billion fine on Alibaba for violating anti-monopoly law.
Cyber Breach Disclosures Still Take More Than a Month
At the median, public companies took 37 days last year to disclose a breach, the longest period recorded since 2016, says Audit Analytics.
CPA Charged With Violating Auditing Rules
Christopher Knauth allegedly performed an audit of a public company even though his firm was not registered with the PCAOB.
PCAOB Forms Stakeholder Advisory Group
The 18-person panel will have three seats each for audit committee members or directors and financial reporting oversight personnel, including CFOs.
SEC Unveils Rule on Oversight of Chinese Issuers
The regulator indicated how it will implement a law aimed at delisting Chinese companies that do not meet U.S. auditing standards.
Coinbase Fined $6M Over Crypto Trade Reporting
The CFTC says the exchange misrepresented the volume and liquidity of digital assets including bitcoin on its GDAX cryptocurrency exchange platform.
Fed Nixes Further Capital Relief for Banks
The Fed's decision means banks can no longer exclude Treasury bonds and deposits held at the central bank from their supplementary leverage ratio.
U.K. Proposes Reforms to Upgrade Audit Sector
“It's clear from large-scale collapses like Thomas Cook, Carillion and BHS that Britain's audit regime needs to be modernized."
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Human Capital & Careers
Lordstown Motors Overhauls Management; CEO, CFO to Step Down
June 14, 2021
Balancing ‘Subscribe Once’ and ‘Pay for Usage’
June 12, 2021
CFOs On the Move: Week Ending June 11
June 11, 2021
Experts React to 5% CPI Inflation
June 10, 2021
GameStop Stock Falls On Q1 Results; Hires New CEO, CFO
June 10, 2021