Regulation & Compliance


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    Former Long Island School CFO on Trial For Stealing $8.4M

    The ex-CFO used the funds to afford a “lavish lifestyle,” according to the Suffolk County ADA Jessica Lightstone.

    By March 1, 2024
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    SEC Accountant Calls on Auditors to Exercise More Skepticism

    Management teams “may be under pressure to meet earnings expectations in the face of declining revenue or increases in costs,” said the SEC’s Paul Munter.

    By Feb. 6, 2024
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    Feds, Employers Spar in Court as Independent Contractor Changes Loom

    Business groups have asked the court to remove its stay on a suit challenging the Biden administration’s withdrawal of a Trump-era independent contractor rule.   

    By Ryan Golden • Jan. 25, 2024
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    DOL Rule That Could Curtail ‘Gig’ Work Nears Finish Line

    Many industries that rely heavily on independent contractors say their workers prefer the flexibility and autonomy the business model offers.

    By Jan. 9, 2024
  • SEC’s Cyber Compliance Rules Balance Threats, Disclosure Concerns

    “Public companies have the flexibility to decide how to address cybersecurity risks and threats ... Investors have indicated, however, that they need consistent and comparable disclosures in order to evaluate how successfully public companies are doing so,” the SEC’s Erik Gerding said. 

    By David Jones • Dec. 20, 2023
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    DOJ, FTC Detail Aggressive Antitrust Enforcement

    White House economist Lael Brainard said the guidelines were “an important step to lower costs for consumers ... and ensure antitrust enforcement is fit for purpose in today’s economy.”

    By Dec. 19, 2023
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    EU Sustainability Reporting: Multinationals Tackle a Compliance Monster

    Early challenges in sustainability reporting involve people, data, and questions of materiality, say executives from Cummins, Dell, and Mondelēz. 

    By Dec. 15, 2023
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    SEC Brought 91 Cases Against Companies in FY ‘23

    Faulty issuer reporting and disclosures remained the most prevalent allegation type, accounting for 45% of all actions filed in fiscal year 2023.

    By Dec. 13, 2023
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    Madoff Investigator On Fraud: ‘Never Let Your Guard Down’

    Fifteen years after Bernie Madoff's arrest, the SEC's failure to spot his Ponzi scheme still holds lessons for CFOs.

    By Dec. 12, 2023
  • Aligning SEC, Existing Clawback Policies

    Companies with existing clawback policies can help ensure it doesn’t conflict with the mandatory 2024 SEC policy by using tiebreakers.

    By Robert Freedman • Dec. 12, 2023
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    Republican AGs Back Lawsuit Challenging Nasdaq Diversity Rules

    Nasdaq first proposed new listing rules that required companies to publicly disclose diversity statistics regarding their boards of directors in 2020.  

    By Ryan Golden • Dec. 4, 2023
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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