Imminent Trump civil fraud ruling could spur due diligence reckoning

The anticipated ruling could serve as warning to executives at companies run by dominant personalities to do their own due diligence on financial matters, Hofstra's Jack Castonguay said.

By Grace Noto • Feb. 16, 2024

Werfel defends IRS against Republican efforts to slash funding

Before the approval of $80 billion in extra funding in 2022, the Internal Revenue Services fielded just one examiner for every 150 of the largest tax filers, IRS Commissioner Daniel Werfel said.

By Jim Tyson • Feb. 15, 2024

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

Auditors should follow tougher standards for identifying fraud: IAASB

A proposal for stricter rules by the global standard setter for corporate audits follows what it says is a rash in fraud cases in recent years.

By Jim Tyson • Feb. 12, 2024

HPE seeks to recoup $4B in long-running fraud case

Hewlett Packard Enterprise attorneys want the founder and ex-CFO of Autonomy to pay for the steep losses HPE faced after acquiring their firm.

By Maura Webber Sadovi • Feb. 12, 2024

R&D tax rollback proposal leaves CFOs ‘on edge’

Many businesses applauded when a tax package with the key R&D provision sailed through the U.S. House. Now they’re waiting for the Senate to act.

By Maura Webber Sadovi • Feb. 8, 2024

Yellen backs legislation to avert AI threat to financial stability

Testimony by the Treasury Secretary follows a pledge by the Biden administration to seize on the benefits of artificial intelligence while containing its risks.

By Jim Tyson • Feb. 8, 2024

Ex-CFO’s alleged perjury should not impact Trump civil fraud decision, lawyers say

Reports of potential perjury raise questions about the credibility of the former finance chief’s testimony during the Trump Organization’s civil fraud trial.

By Grace Noto • Feb. 8, 2024

IRS to collect $561B more in tax revenue with new enforcement funds

The Treasury highlighted the payoff from stepped up funding for IRS enforcement as Republicans seek to cut the agency budget.

By Jim Tyson • Feb. 7, 2024

CEO, CFO compensation clawback helps tech firm skirt SEC fine

Cloopen Group avoided civil penalties after cooperating with the agency and taking remedial steps, despite an accounting fraud scandal that triggered SEC charges.

By Alexei Alexis • Feb. 7, 2024

Ex-Trump CFO could face prison again, experts say

Judge Arthur Engoron shone a spotlight on the ex-CFO’s credibility in a Tuesday email, asking attorneys in the Trump civil fraud case for clarity on the potential plea.

By Grace Noto • Feb. 6, 2024

Yellen says commercial real estate losses may leave banks ‘quite stressed’

Bank regulators aim to avert turmoil caused by a slump in the value of commercial real estate, Treasury Secretary Janet Yellen said in testimony to a House committee.

By Jim Tyson • Feb. 6, 2024

Clorox says it incurred $49M in costs from 2023 cyberattack

The breach caused system disruptions that led to order processing delays and “significant product outages,” negatively impacting net sales and earnings.

By Alexei Alexis • Feb. 6, 2024

Ex-Trump CFO in perjury plea talks: NY Times

A potential deal requiring ex-Trump CFO Allen Weisselberg admit to perjury comes as a ruling is imminent in the NY AG’s $370 million civil fraud case. 

By Grace Noto • Feb. 2, 2024

SEC wins legal victory against former tech CFO in accounting fraud case

Former CFO Karen Rosenberger is accused of helping software provider Synchronoss to engage in “long-running accounting improprieties.”

By Alexei Alexis • Jan. 31, 2024

CFOs must keep focus on ‘streamlined, clean’ data, Infosys exec says

Wrestling insights out of previously siloed data in a compliant, effective manner is paramount for CFOs looking to take advantage of generative AI technologies.

By Grace Noto • Jan. 30, 2024

TIAA sues SVB ex-CEO, ex-CFO to recoup investment losses

The conduct of Silicon Valley Bank’s former leaders has come under heavy fire since its collapse last year, which marked the largest banking failure seen since 2008.

By Grace Noto • Jan. 29, 2024

SEC kicks dead SPAC horse with new rules

The commission is taking action to rein in SPACs as the once booming market is struggling to recover from a slump.

By Alexei Alexis • Jan. 25, 2024

2024 proxy outlook: What’s driving the ESG proposal approval dip?

Major asset managers and a spate of anti-ESG proposals helped push approval rates down, yet even more ESG proposals are expected after a record 2023.

By Lamar Johnson • Jan. 25, 2024

76% of companies link pay to ESG performance in rising trend: WTW

The biggest companies are weaving ESG into pay incentives despite a backlash against the use of sustainability as a metric for corporate performance.

By Jim Tyson • Jan. 24, 2024

EY: As AI compliance looms, CFOs are strategy ‘nerve center’

Balancing innovation with compliance, CFOs are essential in creating companies’ AI strategy, EY’s Liban Jama said.

By Grace Noto • Jan. 22, 2024

NY AG, Trump clash in final $370M civil fraud tug-of-war

Attorneys laid out their closing arguments in the NY AG’s $370 million civil fraud trial that has put accounting under a surprising spotlight.

By Grace Noto • Jan. 11, 2024

Seeking ‘Goldilocks’: 5 CFO trends for 2024

Financial executives in the new year must protect profits by adapting to trends ranging from falling price pressures and borrowing costs to federal disclosures on carbon emissions.

By Jim Tyson • Jan. 9, 2024

2024 tech events for CFOs

CFO Dive compiled a list of tech-related events for finance leaders, touching on topics such as digital transformation, AI and cybersecurity.

By Alexei Alexis • Jan. 9, 2024

Firms still scrambling over SEC cyber rules: poll

Grant Thornton found that many companies have taken steps to comply with the new rules, “but some still have work to do.”

By Alexei Alexis • Jan. 9, 2024

Deloitte rolls out in-house generative AI platform for coding, researching

Around 75,000 employees are beginning to use PairD to assist with daily tasks. The firm expects a total of 100,000 workers will gain access to it in the next six months.

By Lindsey Wilkinson • Jan. 8, 2024