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 Vincent Ryan • Oct. 10, 2023

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 Vincent Ryan • Oct. 3, 2023

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

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 Vincent Ryan • Sept. 7, 2023

Business Interruption Policy Holders Lose Court Fights

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

By Vincent Ryan • Aug. 31, 2023

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

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

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 Andy Burt • Aug. 15, 2023

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 Adam Zaki • Aug. 11, 2023

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 Vincent Ryan • Aug. 1, 2023

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 Vincent Ryan • July 26, 2023

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 Vincent Ryan • July 20, 2023

Sustainability Still Extrinsic to Many Companies’ Cultures

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

By Vincent Ryan • July 13, 2023

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

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 Adam Zaki • June 14, 2023

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: 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 Adam Zaki • March 29, 2023

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 Adam Zaki • March 22, 2023

Backdoors Used in 21% of Cyberattacks

Does your IT team still think the main objective of cyber criminals is to steal the personally identifiable information or credit card data of customers and sell it online? You may need to update your organization's view of cyber threats. According to the 2023 IBM X-Force Threat Intelligen...

By Vincent Ryan • March 8, 2023

41% of Mid-Market CFOs Will Pursue an ESG Strategy in 2023

Environmental, social, and corporate governance (ESG) regulations have increased, not only as a topic of conversation, but as a legitimate corporate strategy point for a significant number of organizations. And CFOs have begun to view ESG regulations as inevitable. While nearly all tax leaders ha...

By Adam Zaki • Feb. 1, 2023

4 Regulatory Developments to Follow in 2023

High levels of scrutiny and aggressive enforcement are what lawyers, executives, and regulators themselves expect CFOs will be up against in 2023. From the Public Company Accounting Standards Board to the Federal Trade Commission to the Securities and Exchange Commission, federal agencies want...

By Vincent Ryan • Jan. 31, 2023

How CFOs Can Make Crypto Less Cryptic

The recent bankruptcy of FTX, one of the world’s largest cryptocurrency exchanges, underscores the need for companies in the fintech/crypto industry to develop and install robust internal controls and finance processes. FTX, led by 30-year-old Sam Bankman-Fried who has since resigned and been arr...

By Eric Segal • Jan. 26, 2023

2023 Outlook: 5 Finance Risks to Monitor This Year

The worst risks — the ones that cause the most harm or loss — often catch us unprepared. Some are unanticipated because they’re unknown, and others are apparent but ignored.  For 2023, there are almost too many risks of both kinds. Below we address five significant risks...

By Vincent Ryan • Jan. 23, 2023

How CFOs Can Better Integrate Supply Chain Operations

Every chief financial officer worth their salt should be taking charge of supply chain integration as a core responsibility. Pushing change from the top helps break down silos to ensure supply chain resilience becomes part of a company’s DNA. Falling Short on Supply Chain SecurityCompanies need s...

By Arindam Mukherjee • Jan. 17, 2023

32% of Companies Don’t Consider Climate Change in Risk Analysis

As incoming environmental, social, and governance (ESG) regulations continue to be a preparation point for proactive executives, not all components are being treated equally. Recent findings by the Institute of Management Accountants (IMA) indicate that the "environmental" component of ESG is inc...

By Adam Zaki • Jan. 4, 2023