Regulation & Compliance


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    Audit Quality Questioned at Baruch Conference

    One board member said audit firms need to change their cultures to drive the behaviors that would ensure the “consistent execution of high-quality audits.”

    By Dec. 1, 2023
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    First OCC Fintech Chief Had Phony Resume: Reports

    Prashant Bhardwaj alleged he held positions at Huntington and Fifth Third — and at Citi at a time when he would have been 13, according to a resume The Information obtained through FOIA.

    By Gabrielle Saulsbery • Nov. 30, 2023
  • NYU’s Stern Center for Business and Human Rights Calls for ESG Ratings System Overhaul

    Environmental, social and governance investing should center on companies’ impacts on the environment and society rather than shareholder profit, the report argues.

    By Lamar Johnson • Nov. 28, 2023
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    Audit Fees Rose Nearly 5% in 2022: Weekly Stat

    Inflation drove up fees, but so did the increasing effort required to perform and support a high-quality audit.

    By Nov. 15, 2023
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    SEC Accountants Highlight This Year’s Compliance Struggles

    Staff at the SEC’s Office of the Chief Accountant give filers a heads-up on the accounting obstacles for which preparers and companies seek advice.

    By Nov. 14, 2023
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    Who’s Most Affected by NLRB’s Joint Employer Final Rule?

    The labor board “is unleashing a storm” that could spread to multiple industries.

    By Ryan Golden • Oct. 31, 2023
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    What New Disclosure Rule?

    The new U.S. “beneficial ownership” rule will impact 32.6 million reporting companies in 2024 alone.

    By Oct. 31, 2023
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    Will New DOJ Safe Harbor Coax Acquirers to Report Seller’s Misconduct?

    Even with a safe harbor, the decision to self-disclose criminal actions at a newly acquired company won’t be easy to make.  

    By Oct. 10, 2023
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    A Fistful of Fraud: The SEC Closes Out FY 2023 With 20 Lawsuits

    Among the lawsuits filed, former Pareteum CFO Edward O’Donnell was sued for revenue recognition violations.

    By Oct. 3, 2023
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    Opinion

    The Corporate Transparency Act: Shedding Light On a Stealth Statute

    Here is a high-level summary of the CTA and its requirements.

    By Robert B. Lamm • Sept. 28, 2023
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    FASB Income Tax Disclosure Compliance Won’t Be An Easy Lift

    “I think it is fair to say that this is a significant chapter in greater tax transparency,” said Brett Weaver, partner and ESG tax leader at KPMG.

    By Sept. 7, 2023
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    Business Interruption Policy Holders Lose Court Fights

    The insurance industry has declared pandemics uninsurable events — beyond the financial wherewithal of the private market.  

    By Aug. 31, 2023
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    Navigating ESG: Strengthening Governance for Long-Term Success

    Developing an effective governance infrastructure is the foundation of ESG success. 

    By Mallory Thomas • Aug. 29, 2023
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    DOJ, FTC Deliver 1-2 Punch Against Interlocking Directorates

    “Competitors sharing officers or directors further concentrates power and creates the opportunity to exchange competitively sensitive information and facilitate coordination,” said U.S. Assistant Attorney General Jonathan Kanter.

    By Robert Freedman • Aug. 18, 2023
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    Securities Class Action Filings Rose 23% Vs. Prior Six Months

    Cryptocurrency class-action suits are highest among all securities filings in the first half of 2023, followed by SPAC filings.

    By Aug. 15, 2023
  • Forward-looking CFOs see ESG compliance as a strategic tool to help develop the business.
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    ESG’s Biggest Miss: Supply Chain Visibility

    “Today, brands must adhere to ever-changing regulations even as they face intense scrutiny from consumers and influencers ... CFOs must now prioritize risk assessment and mitigation like never before,” Edward Hertzman said.

    By Aug. 11, 2023
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    Judging Materiality Most Difficult Part of Cybersecurity Incident Disclosure

    “The key driver for regulators remains the undeniable fact that cyber events can have demonstrably material effects on major companies throughout the economy,” said Jamie Gerber, CFO of SimSpace.

    By Aug. 1, 2023
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    PCAOB Inspections Find 40% of Audits With Deficiencies

    “These findings are absolutely unacceptable, and audit firms must make changes to turn things around and live up to their responsibility to investors,” said PCAOB Chair Erica Y. Williams.

    By July 26, 2023
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    DOJ, FTC Detail Tougher Stance on Anticompetitive Mergers

    The agencies released a draft of new merger review guidelines designed to “protect competition” in the modern economy.

    By July 20, 2023
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    Sustainability Still Extrinsic to Many Companies’ Cultures

    Only 13% of companies surveyed by The Conference Board have deeply embedded sustainability into their cultures.

    By July 13, 2023
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    Only 25% of CFOs Are Prepping for AI Management and Ethics Regulations: Weekly Stat

    Finance leaders have been discussing the impact artificial intelligence (AI) will have on the future of work for nearly all of 2023. While the conversations around AI and its impact on corporate finance dominated the narrative at recent finance events, few CFOs are preparing for government oversi...

    By CFO Editorial Staff • June 21, 2023
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    89% of Executives Want Change On Their Board: Weekly Stat

    As the history of business has shown, the relationship between a company's executives and board members can be crucial, especially in instances of poor company performance or when questions of the legality or morality of company decisions come under scrutiny. Executives, especially CFOs, can have...

    By June 14, 2023
  • Finance chiefs should think of risk management as a way of ensuring success rather than as a distraction from other top priorities.
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    Opinion

    6 Steps for CFOs to Minimize Organizational Risk

    In the past year alone, the world of business has been impacted by geopolitical tensions, supply chain disruption, inflation, changing fiscal policies and regulations, and intensifying natural disasters. A lingering pandemic has also stress-tested the risk management processes of global organizat...

    By Ashok (Ash) Noah • April 18, 2023
  • 62% of Finance Leaders Say Tax and Compliance Is an Increasing Priority
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    62% of Finance Leaders Say Tax and Compliance Is an Increasing Priority: Weekly Stat

    CFOs are continuing to address company technology needs, while balancing those needs against tightening budgets, talent issues, and the financial systems that have been impacted by recent events.In payments service provider Stripe’s 2023 Insight Report, 62% of surveyed finance leaders said tax an...

    By March 29, 2023
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    28% of CFOs Plan to Diversify Deposits Across Banks

    After recent bank failures, many financial leaders started to reassess the institutions they choose to source funding and provide financial services. Although some financial leaders call recent bank collapses "just a blip," the benefits of operating across various financial institutions are now i...

    By March 22, 2023