The Latest

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  Huntington Bank CFO sees acceleration of fintech venture opportunities

  Declining interest rates are opening the gateway for a “regrowth” of funding activity, Huntington Bank CFO Zachary Wasserman said.

  Financial Reporting

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  Sponsored by Conduent

  Optimizing finance operations through outsourcing: What works best?

  Gain insights from over 200 CFOs on how to stay ahead of today’s rapidly evolving financial landscape with research led by Conduent and Everest Group.

  Strategy & Operations

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  Many middle market firms in ESG ‘wait and see’ mode, RSM says

  While 75% of mid-sized companies have begun preparing for new climate-related regulations, 84% of respondents said they are monitoring developments before taking further action.

  Financial Reporting

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  EY, PwC voice cautious support for 120-credit hour CPA licensure

  The Big Four accounting firms are now all signalling varied degrees of support for a CPA licensure option that would require 30 fewer college credit hours.

  Financial Reporting

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  RTX to pay more than $950M in bribery, fraud settlement: DOJ

  The Securities and Exchange Commission alleged that last decade RTX, formerly known as Raytheon, used bogus subcontracts with a supplier to pay bribes of nearly $2 million.

  Financial Reporting

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  Ex-Tyson CFO pleads guilty to drunk driving

  The son of the company’s chairman and ex-CFO pleaded guilty to charges stemming from his second alcohol-related arrest in two years.

  Financial Reporting

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  Retail sales exceed forecasts, underscoring solid 2024 economic growth

  Recent signs of vitality have prompted some economists to mark up growth forecasts, despite weakness in manufacturing and a hiring slowdown early in the summer.

  Strategy & Operations

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  AICPA joins backlash against TurboTax ad campaign

  The group said Intuit’s decision to halt the ad, which also drew pushback from the National Association of Tax Professionals, is a “positive step.”

  Technology

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  Sage Therapeutics CFO, GC, CTO to depart in wide restructuring plan

  The biotech will also be reducing its total workforce by approximately 33% and tapped its COO to take on responsibilities for finance as part of the restructuring.  

  Financial Reporting

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  M&A dealmakers seize on AI as strategic ‘cornerstone’: Dykema

  AI has spurred M&A volume in 2024, Dykema said, noting 55 transactions targeting AI start-ups during the first quarter compared with 38 during the final quarter of last year.

  Strategy & Operations

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  NYSE poised to curb serial reverse stock splits

  The New York Stock Exchange is proposing rule changes to protect investors from deeply distressed companies that are “inappropriate for trading.”

  Strategy & Operations

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  November election, event risks loom, drive volatility: Bloomberg Intelligence

  Finance chiefs should look to maintain robust, flexible portfolios as election and economic risks continue to impact volatility, Bloomberg’s Tanvir Sandhu advised.

  Risk Management

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  Companies to shift 9% more nearshoring to Mexico

  Mexico is poised to replace Canada as the second-most popular country for nearshoring, as its share of U.S.-serving supply chains is expected to rise to 36%.

  Strategy & Operations

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  Most accountants see ethical challenges increasing: ACCA

  Two-out-of-five accountants said they most frequently face ethical challenges at work because of weaknesses in company leadership and culture, the ACCA said.

  Strategy & Operations

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  S&P Global swipes State Street CFO for finance chief

  The credit ratings firm will pay State Street CFO Eric Aboaf a $2.4 million signing bonus when he takes their top financial seat in February.

  Financial Reporting

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  How hasty digital transformations can backfire

  The stakes are high as companies race to adopt cutting-edge technologies like artificial intelligence and look to avoid falling behind competitors.

  Strategy & Operations

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  Opinion

  A CFO roadmap for successful and safe AI implementation

  Teams must ensure that proper data governance and management policies are in place before even considering AI adoption, writes AvePoint’s Jim Caci.

  Strategy & Operations

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  AT&T, Broadcom move toward settling legal feud

  The two parties told the New York Supreme Court Friday they were making progress in resolution discussions over VMware support services.

  Technology

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  Female CFOs, CEOs at big companies outearn male counterparts

  Women have made gains in recent decades at companies of all sizes but are far from attaining parity in all ways with men in the workplace, according to recent reports.

  Strategy & Operations

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  Deloitte joins backers of 120-credit hours CPA licensure option

  KPMG and now Deloitte have endorsed a proposed change in CPA licensure requirements allowing candidates to replace a fifth year of schooling with work experience.

  Strategy & Operations

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  Lightpath CFO aims to drive finance team’s strategic focus

  Newly-minted CFO Rachel Stack wants to ensure Lightpath’s financial talent has the tools they need to think more strategically.

  Financial Reporting

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  5 tips for businesses filing hurricane-related insurance claims

  With Hurricanes Helene and Milton estimated to have cost tens of billions of dollars in damage, it’s important for businesses to carefully document the impact when filing insurance claims.

  Strategy & Operations

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  SEC sanctions Moog Inc. for alleged bribes, accounting flaws in India

  The SEC and Justice Department filed 21 enforcement actions last year alleging violations of the Foreign Corrupt Practices Act.

  Financial Reporting

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  Stellantis CFO to step down in shakeup at beleaguered automaker

  The CFO swap comes amid criticism for company leadership due to declining sales, with the Jeep operator also facing a potential strike by U.S. workers.

  Financial Reporting

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  Opinion

  Healthcare’s paper check disease

  “The persistence of paper checks for patient refunds is not just an inconvenience — it's a symptom of a larger problem that threatens the very sustainability of healthcare organizations,” one software firm CFO writes in this opinion piece.

  Strategy & Operations

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  Deep Dive

  OpenAI’s $6.6B raise puts it at the tech’s vanguard. Will it be enough?

  The raise left the Microsoft-backed company valued at $157 billion. But is a stable, profitable company lurking underneath all that funding?

  Financial Reporting

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