- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
FASB is aiming to get companies on the same page when classifying changes in restricted cash. Currently, some firms reflect cash receipts and payments in bank accounts that hold restricted cash as cash inflows and outflows, while others designate those transactions as non-cash investing. Tammy Whitehouse reports.
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After years of nebulous guidance around three major issues of cash flow statements—operating, investing, and financing—FASB is making major clarifications. Tammy Whitehouse reports.
A cannabis company agreed to pay $225,000 to settle allegations that funds were temporarily deposited into its year-end accounts for the sole purpose of inflating year-end cash, the Securities and Exchange Commission said.
Vince McMahon, the founder and former CEO of WWE, was fined $400,000 and ordered to reimburse the wrestling giant more than $1.3 million to settle charges brought by the Securities and Exchange Commission that he failed to disclose hush money payments he made on behalf of himself and the company.
