Topic:
Financial Reporting
Latest Headlines
Latest Headlines
Splitting the GC and CCO?
The conventional wisdom holds that the offices of the General Counsel and the office of the Chief Compliance Officer should be separate. That's the clear preference of regulators, and it makes a lot of sense. Internally, people get that there's a difference between the two offices, though the distinctions are often unclear and driven by some stereotypical thinking .
The need to manage fake press releases, Twitter hacks
Fake press release continue to be problem, especially as media outlets continue to run with stories without checking releases for veracity.
Companies lowball earnings guidance
Are companies hedging their bets by lowballing their earnings guidance?
Debate continues over social media as communications channel
The SEC should be applauded for quickly responding to the issue of whether social media outlets can be legitimately used an official channel for corporate communications. It ruled recently that such...
More companies bring XBRL filings in house
When the XBRL filing requirement went into effect, the knee-jerk response by many companies was to simply outsource the procedure. Compliance was tedious, and few companies were able to quickly build in-house expertise in the face of scarce qualified personnel. Hiring a third-party to handle the task made the most sense.
New disclosure rules free up social media
To its credit, the SEC has quickly addressed the issue of companies using social media for official corporate communications purposes.
Courts may offer "say on pay" relief
The new "say on pay" proxy rule, as one might guess, has led to litigation, not really an explosion of litigation, but enough for companies to be concerned.
Compliance gamification could overtake industry
Gamification has slowly become a buzzword in the industry. It's fair to say that more people are intrigued with the idea of gamification, especially as it relates to marketing. The point of most projects is to create games that lead to greater usage of bank services. Misys, for example, is said to be creating a tablet-based game that client banks might use to reward customers for making deposits in savings accounts.
Botched earnings releases cause compliance headaches
Unauthorized earnings releases are rare, but there have been two examples in the past several months.
Disclosure a big issue in cybersecurity battle
Corporate disclosure of cyber risks has been a big issue for years now. While there have been some directives from the SEC, such as CF Disclosure Guidance: Topic #2 back in October 2011, it's still pretty much up to companies as to what constitutes something that is material enough to be formally disclosed. The issue cropped up again in the context of the recently issued Executive Order on cyber security.
