ESG reporting standard setter extends reach

The global effort to harmonize rules for corporate sustainability reporting is gaining momentum and expanding beyond concerns about climate change.

By Jim Tyson • April 21, 2023

Research, interest deduction changes bedevil tax filers

Two provisions of the 2017 Tax Cuts and Jobs Act that went into effect last year are still catching some finance leaders off guard.

By Maura Webber Sadovi • April 21, 2023

Explore the Trendline➔

Top 5 stories from CFO Dive

The promises and traps of generative AI, revamped modern finance teams and stark geopolitical risks are among the top forces CFOs are grappling with this year.

By CFO Dive staff

PCAOB flags widespread weaknesses in audits of SPACs

The criticism of SPAC audits follows a surge in restatements by the so-called blank-check companies.

By Jim Tyson • April 20, 2023

Ex-Trump CFO is released from jail

Allen Weisselberg — the Trump Organization’s former finance chief — was released after this week serving about 100 days in a New York City prison. But more legal pressure looms.

By Maura Webber Sadovi • April 20, 2023

Werfel requests 15% IRS funding hike to uncover tax cheats

The IRS streamlined taxpayer services during the current tax season but needs a budget increase for the coming fiscal year to sustain improvements, the agency’s commissioner said.

By Jim Tyson • April 19, 2023

3 CFOs talk shifting ESG headwinds

The nuanced picture that three CFOs painted Tuesday of the business case for ESG sharply contrasted with the backlash that has roiled the public debate recently.

By Maura Webber Sadovi • April 19, 2023

Betterment agrees to pay $9M in SEC settlement

The settlement resolves charges that investment advisor Betterment made misstatements related to its automated tax loss harvesting service, among other violations.

By Alexei Alexis • April 19, 2023

SEC ‘not a climate policy agency,’ Gensler says

SEC Chair Gary Gensler came under fire from Republican lawmakers for pushing forward with a climate disclosure rule that they said would overstep agency authority and prove too costly for U.S. companies. 

By Jim Tyson • April 18, 2023

Zepto names CoinSwitch alum as CFO ahead of IPO

The India-based grocery delivery service hired Ramesh Bafna as its next CFO. The company plans to go public in the next two years.

By Elizabeth Flood • April 17, 2023

Why CFOs eyeing IPOs must prep now

While many companies have put public listing plans on pause, CFOs would be wise to get ready now for when the IPO window reopens, Nick Theos writes. 

By Nick Theos • April 14, 2023

CFOs need public/private funding mix to bridge ESG financing gaps

Finance leaders need access to multiple types of capital to finance their companies’ environmental, social, and governance goals, Ana Carolina Oliveira writes. 

By Ana Carolina Oliveira • April 13, 2023

EY split hits wall

Back in September, the Big Four accounting firm announced plans to split its auditing and consulting arms into two entities. Now, ‘Project Everest’ has been halted.

By Elizabeth Flood • April 12, 2023

Tax executives expect higher rates of audits, disputes: EY

Tax jurisdictions worldwide are stepping up scrutiny of businesses as they prepare to enact a 15% global minimum corporate tax next year, according to respondents to an EY survey.

By Jim Tyson • April 10, 2023

IRS targets corporate, wealthy tax cheats

The federal tax collector plans to expand enforcement staff and reverse a decline in audit rates for businesses and households earning more than $400,000 per year.

By Jim Tyson • April 7, 2023

FASB chooses single software accounting model

The new project marks the first time in decades that the U.S. accounting standard setter is revisiting accounting for software costs.  

By Maura Webber Sadovi • April 5, 2023

Ex-Trump CFO, facing fresh legal pressure, swaps attorneys

The legal turmoil still swirling around the Trump Organization’s former CFO shows just how closely intertwined a finance chief’s fate is with that of the organizations they serve.

By Maura Webber Sadovi • April 3, 2023

SEC charges Navy shipbuilder executives with accounting fraud

Austal USA executives allegedly manipulated accounting in order to improve earnings in building the Littoral Combat Ship, the SEC said.

By Jim Tyson • April 3, 2023

FASB maps ‘one-stop shop’ expense disclosure proposal

The proposed expense disclosures could be costly for companies. The FASB has been considering the more stringent standards for at least two decades.

By Maura Webber Sadovi • March 29, 2023

PCAOB proposes updated standards, faster audit filing

The audit watchdog aims to update and unify interim standards created 20 years ago, aligning its rules with new independence requirements and advances in technology.

By Jim Tyson • March 28, 2023

FASB issues lease standards update

The changes to lease accounting standards (Topic 842) provide narrowly targeted relief for some companies grappling with the guidance from 2016.

By Maura Webber Sadovi • March 27, 2023

Climate change shareholder proposals trending toward record

Debate has flared in recent months over whether businesses and institutional investors should use ESG criteria when making decisions.

By Jim Tyson • March 27, 2023

Talent shortage frustrates internal auditors

As AI swiftly extends the finance function’s potential for efficiency, audit leaders are concerned about the lack of skilled workers to support new advancements.

By Elizabeth Flood • March 27, 2023

Luckin Coffee’s ‘revenue reckoning’ takeaways

The Beijing-based company was initially viewed as a kind of David poised on its home turf to take on the Goliath of the coffee world — Starbucks — in China.

By Maura Webber Sadovi • March 24, 2023

ESG poised to gain traction as CFO priority: Gartner

Many organizations are shifting away from a purely “risk management” approach to ESG and are viewing it as a way to attract customers, investors and talent — a trend that will only increase in coming years, according to Gartner.

By Alexei Alexis • March 23, 2023

C-suite pay ‘paper losses’ emerge in PVP filings

Executive compensation or what is effectively realizable pay swings from as much as $1 billion to negative $644 million, proxies from early filers show. 

By Maura Webber Sadovi • March 22, 2023