The Treasury Department’s Financial Crimes Enforcement Network issued an alert Friday about fraud schemes targeting student aid programs administered by the federal government, urging financial institutions to be on the lookout and report any suspicious activity. Processing Content FinCEN noted that some fraud rings use stolen and fraudulent identities, along
2026 has been one of the most challenging years yet for CFOs and their teams. From stubborn inflation risks and ongoing market unpredictability to supply chain disruptions, organizations are desperate to find ways to maximize every dollar as budgets constrict. In response, CFOs across the business spectrum are expected to
The International Sustainability Standards Board intends to issue an exposure draft of its nature-related disclosure proposals in October, to be used in conjunction with its existing standards for climate and environmental disclosures. Processing Content ISSB vice chair Sue Lloyd announced the plans Monday during an International Financial Reporting Standards Foundation
The Federal Accounting Standards Advisory Board issued staff implementation guidance Friday implementing its Management Discussion and Analysis standard from 2024, which replaces an earlier standard. Processing Content Staff Implementation Guidance (SIG) 64.1, Guidance for Implementing SFFAS 64: Management’s Discussion and Analysis doesn’t establish any new requirements, but aims to help
Chief financial officers are going negative on the economy, but more upbeat about their own businesses’ prospects, according to a quarterly survey released Wednesday by Deloitte. Processing Content Deloitte’s 2Q26 CFO Signals report four out of 10 CFOs said the current North American economy is bad or very bad, while
Investors mostly favor the continued use of quarterly reporting and rejected the Securities and Exchange Commission’s recent proposal for a semiannual reporting option, according to a survey. Processing Content The report, from the CFA Institute, polled a group of 2,500 members and investors from around the world and found strong
The International Ethics Standards Board for Accountants decided during a meeting this month in New York to move ahead on a project to update its International Code of Ethics for Professional Accountants (including International Independence Standards) with a set of targeted improvements on firm culture and governance. Processing Content After
The IFRS Foundation announced that it expects to have a final successor to current International Accounting Standards Board chair Andreas Barckow in place by Oct. 1 of this year, though Barkow’s term ends on June 30. Processing Content Linda Mezon-Hutter The foundation’s trustees have asked the vice chair of the
Corporate restatements dropped by almost a fifth (18%) in 2025, according to a new report, continuing a long-term trend of decreases. Processing Content At 391, last year had the second-lowest number of restatements in the past 20 years, according to Ideagen Audit Analytics’ new “Financial Restatements” report; only 2020 was
Employers added a robust 172,00 jobs overall to the economy last month, the U.S. Bureau of Labor Statistics reported Friday, but there were job losses in some sectors, including 5,400 jobs shed in accounting, tax preparation, bookkeeping and payroll services. Processing Content The BLS reported that most of the job