In a matter of months, companies will possess first-ever guidelines for environmental credit accounting. Public and private firms will be required to follow one model for marking down projects like carbon dioxide offsets. The Financial Accounting Standards Board (FASB) unanimously approved Accounting for Environmental Credit Programs (AECP) on June 17. FASB started working on AECP […]
Extortion attempts such as ransomware attacks are on the rise again. Companies may want to consider cyber insurance policies to protect themselves. Client companies insured by Marsh reported a record number of cyber extortion attempts in 2023, roughly 65% more than in 2022. Marsh posits that cyber crooks were scrambling in 2022 due to “a […]
Is there a single business in the U.S. that’s resisted raising prices since early 2020? Good luck finding one. But there’s a fine line between passing along higher costs of doing business to the customer, and “fixing” prices. Case in point: Federal Bureau of Investigation (FBI) officers conducted a pre-dawn raid of Cortland Management in […]
2024 is shaping up as the year of crypto. The trends are unmistakable — and largely positive — for the revolutionary currency. Consider the highlights from just the past five months: Crypto ‘Stall’ by the SEC is Over — Now What? When the SEC approved Bitcoin on January 10, Forbes asked, “Is this a genuine […]
Let’s be real: The enthusiasm behind real-time (or instant) payments stems almost entirely from the seller’s side of B2B. After all, whether we’re talking about a mom-and-pop vendor or a multinational corporation, who doesn’t prefer getting paid sooner rather than later? And in the business-to-consumer realm, the majority of consumers like real-time too. The selling […]
Threat actors, hackers, cyber thieves — they go by many names, but they’ve all got one characteristic in common. They aim at the weakest links in the most vulnerable systems to exploit and then wreak havoc. A red-hot target? The artificial intelligence (AI) programs more and more businesses are using. “AI brings unprecedented opportunity, but […]
Financial professionals who can read a chart are rightly worried about the long-term economic health of the U.S. To quote the late, great economist Herbert Stein, “If something cannot go on forever, it will stop.” Try telling that to the banks buying treasuries at a feverish rate this spring. The $34 trillion and exponentially growing […]
The Securities and Exchange Commission (SEC) under President Biden continues to make an example of companies and individuals that don’t tell customers and investors the whole truth and nothing but. Two investment firms are the latest to feel the wrath of SEC enforcement and the resulting bad publicity. Investment advisers Delphia (USA) and Global Predictions […]
Adopting AI in the workplace is going to be a struggle unless attitudes about the controversial technology improves. And there’s no guarantee that finance professionals or the average American worker will ever learn to love, let alone trust, generative AI. Maybe that’s a good thing: Plenty of pretty smart people warn AI is dangerous in […]
