The Securities & Exchange Commission (SEC) hoped to finalize a greenhouse gas reporting rule that it first made a priority in early 2021. Consistent pressure by investors and Supreme Court rulings prevented it from becoming a reality. SEC chairman Gary…
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Federal rulemakers are requiring more transparency and detail in companies' audits. Turns out all that extra detail is exactly what investors want. Ninety-three percent of investors want to analyze critical asset matters (CAMs) before potentially investing, according to a survey…
The feds are making an example of companies that don't keep records of electronic communications. Even the numbers-crunchers aren't immune to making sloppy -- and costly -- mistakes. The Securities & Exchange Commission (SEC) doled out $49 million in fines…
If yours is like most companies, you've got at least one staffer managing cash application of payments. And if your cash application relies on manual processes, it can feel like a full-time job. A recent National Association of Credit Management…
There's no one-size-fits-all rulebook for leading people. But there are two indispensable traits that successful leaders must exhibit: credibility, and communication skills. Skimp on one of those two areas and people will doubt your abilities. Close to 10% of companies…
Some of the biggest companies are ending their diversity, equity and inclusion (DEI) initiatives -- and doing so quickly. Brown-Forman, maker of Jack Daniel's whiskey, is ending its “quantitative workforce and supplier diversity ambitions ... [and its] participation in the…
Accounting firms face tougher fiduciary duties as the result of three new federal rules. The Securities & Exchange Commission (SEC) approved guidelines written by the Public Company Accounting Oversight Board (PCAOB), the commission's Sarbanes-Oxley compliance arm. Employees of accounting firms…
The Federal Trade Commission (FTC) ban on non-compete agreements won't go into effect in early September and is doubtful to become the law of the land anytime soon. A federal district court judge in Texas granted summary judgment for a…
To prevent tax levies, employees may enter into voluntary agreements with IRS to repay what’s owed. That means Payroll may end up withholding from their wages. The form that an employee would fill out – Form 2159, Payroll Deduction Agreement…
Excel is great for summarizing data in tables, charts and PivotTables. Here are a couple of time-saving methods for summarizing data in Excel that Finance staffers can try: Excel Special Paste The Special Paste feature can be used to copy…
The IRS is extending an olive branch to businesses that received tax credits related to COVID-19 in error. The tax cops are launching a second Employee Retention Credit (ERC) voluntary self-disclosure program to run through November 22. Previous ERC claims…
Twenty-six financial firms are on the hook for $392.75 million in fines for securities recordkeeping violations. Several of the brokers, dealers and investment advisers made themselves a target by not keeping records of their communications. "Off-channel" communication enforcement efforts are…
