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Month: September 2022

Financial Accounting Standards Board Nearing New Disclosure Rules for Joint Ventures

In August, Honda and LG Energy Solution revealed that they would be investing $4.4 billion to  develop a U.S. electric-vehicle battery factory. The automaker and battery company are taking part in an increasingly popular U.S. corporate arra...

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Justice Department to Enhance Corporate Criminal Enforcement Efforts

As the Biden administration presses for tougher white-collar compliance enforcement, the federal government appears to be using a classic carrots-and-sticks approach in a new bid to root out corporate crime. First, the sticks. Deputy Attorn...

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Uncertainty Prompts Growing Number of Companies to Revise Revenue Guidance

The man known as “Dr. Doom” in the financial world has some typically sour news about the global economic forecast. In an interview with Bloomberg this week, economist Nouriel Roubini warned that we’re quickly approaching a “long and ugly”...

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Breaking Down the PCAOB’s Five-Year Strategic Plan

Since Erica Williams became chair of the Public Company Accounting Oversight Board in January, the organization has taken a proactive stance towards its mission of holding corporate auditors accountable. To that end, the PCAOB released what...

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Conservative Politicians Unite in Attacks on Corporate ESG Initiatives

With the 2022 midterm elections just weeks away, many Republican politicians’ campaigns are zeroing in on corporate ESG programs as objects of derision. They’re painting companies’ environmental, social and governance initiatives as stealth...

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