The Latest
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Lockheed has ‘mechanisms’ to recover tariff impacts, new CFO says
Just days after taking the defense contractor’s CFO seat, Evan Scott said Tuesday that he was “comfortable” with the company’s approach to mitigating tariff impacts.
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Sponsored by YoozAre you fighting fraud blind? The role of AI in real-time detection
Is your fraud detection outdated? Discover how AI can stop fraud in real time before it hurts you.
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The key to landing a CFO role? Absolute transparency, says MarginEdge’s finance chief
Mentorship and clear communication with other top leaders were essential factors in allowing Emma Whelan to land her first CFO role, she said.
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Bankrupt 23andMe faces growing questions over data privacy
Interim CEO Joe Selsavage, who also serves as CFO, is in the hot seat as U.S. lawmakers probe data privacy issues related to the company’s bankruptcy proceeding.
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TrackerTracking CPA licensure paths: Removing the 150-hour-rule hurdle
State changes to licensing rules are chipping away at a decades-old system that has largely required CPA candidates to complete what effectively amounts to a fifth year of schooling.
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OpinionNo turning back: How disruption is accelerating era of next-gen CFO
“To navigate this new era, finance leaders must rethink their traditional approaches,” writes WNS executive Krishnan Raghunathan.
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Tennessee passes legislation revamping CPA licensure rules
A growing number of states are aiming to ease the accounting talent shortage by offering alternative routes to CPA licensure that remove the 150-hour college credit hurdle.
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Federal Reserve. (2019). [Photograph]. Retrieved from Wikimedia Commons.
Trump renews attack on Powell in call for rate cut; borrowing costs rise
Since Trump took office in January, Powell has repeatedly said that an effort by Trump to remove him would contradict the law.
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IRS acting head’s ouster adds to agency’s ‘chaotic’ shake-up
The agency’s leadership turmoil would likely harm taxpayer service first, while its impact on revenue collection would be seen later, according to a Tax Foundation policy analyst.
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Work visas favored by big tech CFOs face more scrutiny, attorneys say
As the Trump administration tightens immigration policies, legal experts say lengthier vetting of visa petitions require companies to develop international talent plans up to a year in advance.
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Paper check use surged last year, AFP says
Use of paper checks by U.S. businesses jumped last year, according to an annual survey by the Association for Financial Professionals, which struggled to explain the results.
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Courtesy of Prologis
Prologis CFO says ‘disconnected world’ requires more warehousing
“Even with the pause in some tariffs or resolution of others, customers simply lack a steady backdrop upon which to plan,” the industrial real estate company’s CFO said.
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Jirapong Manustrong
Cuts to middle management stressing 72% of senior executives: Korn Ferry
Forty-four percent of U.S. employees report that their companies have sliced away managerial levels, Korn Ferry said.
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Trade war puts US on ‘precipice’ of recession: Moody’s chief economist
The U.S. economy will likely begin to shrink “unless policy takes a very sharp turn here pretty quickly,” Moody’s Chief Economist Mark Zandi said.
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Valuations, impairments spark more class actions than revenue recognition
Until last year, revenue recognition had been the most common GAAP violation alleged since Cornerstone first began tracking the class action suits in 2019.
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Trump tariffs add to warehouse automation woes
Some vendors say their customers are already becoming “increasingly concerned” about the tariffs, according to a report by Interact Analysis.
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Visual Lease finance exec seeks ‘scalable’ tech
As economic uncertainty and rising costs puts pressure on finance chiefs to make the right choices when it comes to their tech spending, the question of scale is key, Visual Lease’s Kathryn Eskandarian said.
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Powell says tariffs will likely push up inflation, unemployment rate
Federal Reserve Chair Jerome Powell highlighted how planned and enacted policy shifts by the Trump administration have created unusual economic uncertainty.
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Net Power ousts president, CFO amid ongoing cash challenges
The departures come approximately a month after the energy company once again pushed back the launch date for its first commerical-scale power plant and reupped cost estimates for the project.
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Most companies just test-driving AI agents: KPMG
Despite a rise in agents that are being piloted, full-scale deployment of the technology has remained flat, a survey by the Big Four accounting firm found.
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The Trump administration is making space for stablecoins. Should CFOs?
With the Trump administration embracing digital assets, finance leaders need to get educated on the potential risk and reward of cryptocurrencies and stablecoins.
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Warner Music’s new CFO gets $1M signing bonus
Armin Zerza is taking the financial reins of the entertainment and record-label conglomerate as it has been seeking to cut costs.
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Deepfake job candidates flagged as growing cyberthreat
Once inside a company, a deepfake employee can launch a cyberattack for financial gain, warns fraud detection firm Pindrop.
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Microsoft confirms AI pullback as tariffs compound pressure
A significant “endeavor at this size and scale requires agility and refinement as we learn and grow with our customers,” Microsoft’s Noelle Walsh said.
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Inflation likely to surge to 3.3% this year: NABE survey
The rise in price pressures will prove short-lived, according to a survey of economists. Still, inflation will likely persist above the Federal Reserve’s 2% target through next year.
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Ex-Girardi CFO sentenced to 10 years in federal prison
The former finance chief was also ordered to pay $8.9 million in restitution after helping to build “a web of deceit and manipulation,” according to the court.
