The Latest
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Dropped PCAOB probe, lawsuit spotlight audit watchdog’s challenges
While the litigation was dismissed, the PCAOB is expected to face similar pushback from the incoming Trump administration.
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Inflation eases, pulling down benchmark measure of borrowing costs
Slowing inflation prompted futures traders to increase the odds that the Federal Reserve will trim the main interest rate more than once this year.
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New Mark43 CFO stresses importance of ‘measured’ AI deployment
Given the sensitive information at play in the public safety space, a measured approach to implementing generative AI technologies here is crucial, Mark43 CFO Chris Merwin said.
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SEC’s chief accountant follows Gensler to exit
During his tenure at the SEC, Paul Munter didn’t pull any punches when it came to sounding the alarm about controversial accounting issues that concerned him.
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Accounting flexibility, governance key to reducing errors: Netgain
Reducing the barrier to enter into the accounting profession can help ward against accounting errors, Netgain’s Chris Miller said.
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AI could drive new record growth in big tech’s capex this year: UBS
The tech giants are also expected to make progress in narrowing the gap between their AI spending and revenue levels.
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Corporate chiefs aim for ‘sweet spot’ in GenAI spending
Only 2% of C-suite leaders plan to invest $250 million or more in the technology this year, KPMG found.
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Meta joins chorus of DEI rollbacks, cutting roles and programs
The tech and social media giant ended a number of diversity, equity and inclusion initiatives last week, including its supplier diversity program.
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IPO proceeds set to rise this year after 47% surge in 2024: EY
Plans by President-elect Donald Trump to loosen federal regulation may spur initial public offerings, EY said.
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Ubisoft CFO, CEO skirt questions on potential Tencent sale
Leadership was guarded regarding questions of a possible buyout, rumors of which follow after shares of the Assassin’s Creed owner fell to 10-year lows last year.
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Intuit CFO warns against isolationism, defends H-1B visas
CFO Sandeep Aujla asserts that the H-1B visa program — which has recently sparked controversy — is key because it gives companies access to global talent.
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‘Gangbusters’ hiring reduces odds of early 2025 Fed rate cut
The yield on the benchmark 10-year Treasury bond rose as investors bet the Federal Reserve will pause monetary easing.
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IRS hands crypto holders some 2025 relief
Despite the reprieve, taxpayers should still keep good records and continue using a consistent system such as LIFO for identifying digital assets sold can be easier, TaxBit’s Miles Fuller says.
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Coca-Cola Consolidated CFO to retire; CAO to succeed
The CFO swap comes as the largest U.S. bottler of Coke products continues with its bid to boost profitability, reporting $698 million in gross profit for its most recent quarter.
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Ohio gov signs alternative CPA licensure pathway bill into law
The move puts the Buckeye state at the forefront of the recent drive to address the talent shortage by widening on-ramps into the accounting profession.
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Corporate hiring saw ‘more modest’ growth in December: ADP
Hiring growth slowed last month as CFOs continue to pay close attention to the labor market while crafting their 2025 business strategies.
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Cyberattacks, tech disruption ranked as top threats to business growth
Forty percent of executives view data breaches and leaks as the most financially burdensome man-made threats, a Chubb study found.
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Freddie Mac promotes interim finance chief to CFO
The mortgage finance giant’s new CFO James Whitlinger’s annualized target total direct compensation will be $2.4 million, including $600,000 in salary, according to an SEC filing.
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CFOs seek ‘right mix’ of skills for 2025: Gartner
Finance chiefs are seeking talent equipped with both technology and “analytical storytelling” skills to help meet their goals in the new year, Gartner’s Alexander Bant said.
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Deep Dive
Walking a tightrope: 6 CFO trends for 2025
Financial executives can gain an edge this year by monitoring six trends in federal policy and business strategy.
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FASB swiftly clarifies new DISE rule’s effective date
The board wanted to make clear that all public companies must comply with the new expense disclosure requirements in their first annual reporting periods beginning after Dec. 15, 2026.
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Palantir CFO sells $7M in stock amid valuation dip
The sale comes as a Morgan Stanley analyst cautioned that Palantir is “trading too far ahead” of its intrinsic value as it looks to take advantage of the generative AI boom.
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Microsoft plans to pour $80B into cloud data centers
The tech giant will funnel more than half of the investments into U.S.-based facilities, Microsoft Vice Chair and President Brad Smith said Friday.
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Opinion
Key FinOps trends for CFOs to watch in 2025
FinOps has traditionally been about cost cutting, but 2025 will mark a shift toward driving greater value and performance, writes Presidio’s Dan O’Brien.
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Uber CFO says stock is ‘undervalued;’ proceeds with $1.5B buyback
The buyback comes as the ride-hailing service aims to boost its free cash flow and refocuses on autonomous vehicles.