All United States articles – Page 176
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FASB to address coronavirus impact at April meeting
The Financial Accounting Standards Board announced its intent to meet April 8 and address standard-setting issues related to the ongoing coronavirus pandemic.
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Coronavirus: The EPA’s greatest excuse, companies’ greatest test of ethics
As the Environmental Protection Agency abdicates its oversight responsibilities, pointing to the coronavirus pandemic, now is the time for true leaders to lead.
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Comparing the coronavirus stimulus package to 2008 relief
Unprecedented in scope, Congress’ $2 trillion coronavirus stimulus package significantly dwarfs relief packages passed during the 2008 financial crisis while also reflecting some lessons learned.
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Latest Marriott breach exposes 5.2M guests
Marriott International says a breach may have compromised the personal data of 5.2 million customers, the second significant data breach for the hotel chain since 2018.
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App offers $1M bounty for proof of alleged hacking smear campaign
Popular face-to-face social networking app Houseparty is on the defensive amid claims of a data breach, offering a $1 million bounty for proof in what it believes may be a “paid commercial smear campaign.”
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Survey: Past crises prepared compliance for coronavirus pandemic
A benchmarking survey from Compliance Week found practitioners weren’t prepared for the specific coronavirus crisis, but that previous crises (think 9/11) left them ready to be leaders during this global pandemic.
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SEC issues rare compliance-related whistleblower award
The Securities and Exchange Commission announced it would award $450,000 to a whistleblower with compliance-related responsibilities—a rarity in the program’s history.
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Jefferies Group CFO dead from coronavirus complications
Jefferies Group announced the death of longtime Chief Financial Officer Peregrine “Peg” Broadbent from coronavirus complications.
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How to account for coronavirus impact during CECL implementation
The challenge facing companies that choose to report CECL in the first quarter despite reporting relief announced Friday is how to reasonably reflect the potential effects of the coronavirus in estimates of current expected credit losses.
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CECL delayed amid U.S. government’s coronavirus response
FASB’s controversial standard on credit losses was dealt two significant blows Friday as the U.S. government scrambles to respond to the financial impact of the escalating coronavirus pandemic.
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EPA scaling back enforcement amid coronavirus
The Environmental Protection Agency said it doesn’t expect to seek penalties for noncompliance with routine monitoring and reporting obligations during a temporary policy issued amid the coronavirus pandemic.
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SEC provides new coronavirus disclosure guidance
The SEC’s Division of Corporation Finance published guidance to provide clarity regarding its view on disclosure and other securities law obligations during the escalating coronavirus pandemic.
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Executive pay cuts a growing trend during coronavirus
Hundreds of companies around the world have announced drastic cuts to the salaries of their senior executives as one way to reduce the unprecedented financial blow caused by the coronavirus pandemic.
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DOJ indicts Venezuela President Maduro, others in regime
The DOJ unsealed indictments against Venezuelan President Nicolás Maduro and several high-ranking former and current members of his regime for alleged drug trafficking and money laundering crimes, as well as violations of the FCPA.
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So your company’s CEO has coronavirus. Does the world have to know?
As infections stemming from the coronavirus pandemic continue to mount around the world, publicly traded companies face questions about when and where to disclose that their CEO or other key executives have contracted the virus.
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Coronavirus pandemic elicits opposing views on CECL, TDRs
Two regulatory chairs are battling over whether a delay is needed for financial institutions to implement the updated credit loss standard; also expressed are opposing views on how loan modifications should be viewed in terms of troubled debt restructurings.
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CCPA, SHIELD Act to take back seat during coronavirus pandemic?
With state attorneys general now fixated on “stay at home” directives amid the coronavirus pandemic, oversight of data privacy regulation may dip. But consumers—and the plaintiffs’ bar—are still watching.
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Oil and natural gas industry seeks compliance break amid pandemic
The American Petroleum Institute in a letter to President Trump requested that the administration temporarily waive non-essential compliance obligations and provide timely guidance to critical infrastructure personnel amid the coronavirus pandemic.
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PCAOB grants auditors 45-day relief period from inspections
The Public Company Accounting Oversight Board is giving audit firms a maximum 45-day relief period from the inspection process during the COVID-19 pandemic.
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DOJ begins enforcement crackdown on coronavirus fraud
The Department of Justice has acted swiftly on its vow to crack down on fraud during the coronavirus pandemic, issuing its first related enforcement action against a Website acting as an alleged wire-fraud scheme.