Financial Reporting
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PCAOB imposes smaller exam cheating fines, citing cooperation
The audit watchdog this week announced penalties totaling $8.5 million on three Netherlands firms. Last year, KPMG Netherlands alone was fined $25 million in connection with an exam cheating scandal.
By Maura Webber Sadovi • June 25, 2025 -
CFO Editorial Staff
PCAOB wins Senate lifeline while future remains murky
The U.S. auditor watchdog got a legislative reprieve through the "Byrd bath" process last week. But the battle over its future is likely to persist, experts say.
By Maura Webber Sadovi , Grace Noto • June 23, 2025 -
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Xerox alum joins publisher Wiley following AI licensing revenue jump
The CFO appointment comes as the publisher nearly doubled its revenue from AI licensing agreements to $40 million for its fiscal 2025, according to its earnings report.
By Grace Noto • June 23, 2025 -
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Senate pitches permanent TCJA tax breaks
The Senate proposal would make the trio of tax-relief provisions from the 2017 Tax Cut and Jobs Act permanent. In contrast, the House bill would only extend them through 2029.
By Maura Webber Sadovi • June 20, 2025 -
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Intel alum to get $1.9M bonus as newly-minted Ciena CFO
The appointment comes after the optical networking company reported a nearly 24% boost to net revenue for its most recent quarter, driven by skyrocketing data center and cloud spending.
By Grace Noto • June 20, 2025 -
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GENIUS Act puts renewed spotlight on stablecoins, digital assets
The regulatory clarity the GENIUS Act proposes to bring to the stablecoin space can help ease some of the worries of more conservative entities, such as CFOs, examining the space, EY’s Paul Brody said.
By Grace Noto • June 18, 2025 -
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Fed holds main interest rate steady, expects two cuts later in 2025
Policymakers have left borrowing costs unchanged this year while balancing signs of a softening labor market against concerns that U.S. tariffs will stoke inflation.
By Jim Tyson • Updated June 18, 2025 -
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Yum Brands CFO to receive $1.1M salary as next CEO
The CEO appointment comes as Yum Brands is looking to further integrate artificial intelligence throughout its restaurant brands and offerings.
By Grace Noto • June 17, 2025 -
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Bankrupt At Home ‘significantly impacted’ by tariffs, CFO said
The liquidity pressures faced by the home goods retailer were “exacerbated and accelerated” by the uncertain tariff environment, CFO Jeremy Aguilar said.
By Grace Noto • June 16, 2025 -
(Photo by Brendan Smialowski/Getty Images via Getty Images
SEC taps alum as chief accountant
EY veteran Kurt Hohl is rejoining the agency as controversial legislation advancing in Congress would fold the duties of the Public Company Accounting Oversight Board into the SEC.
By Maura Webber Sadovi • June 16, 2025 -
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NY passes CPA pathways legislation as Florida punts
Since late last year at least 19 states — now including New York — have passed legislation providing alternative paths to CPA licensure to ease the accounting talent shortage.
By Maura Webber Sadovi • June 13, 2025 -
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Costco controller passes the torch after near-decade tenure
The decision to pick its new controller from its ranks aligns with the warehouse club retailer’s history of developing and keeping its financial bench talent.
By Maura Webber Sadovi • June 12, 2025 -
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Vera Bradley gets new CFO amid leadership shakeup
Coach alum Martin Layding will step into the retailer’s CFO seat amid a transformation effort to stem growing losses and bolster declining sales.
By Grace Noto • June 12, 2025 -
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‘Boring’ data work underpins innovation, strategy, Payoneer CFO says
Finance chiefs need to hone their data skills in an era when they are increasingly looked at not just as strategic leaders, but “innovation champions,” Payoneer CFO Bea Ordonez said.
By Grace Noto • June 11, 2025 -
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Roblox hands $6M in bonuses to CFO poached from Paramount
The game platform will give the Paramount and Pandora alum two separate $3 million bonuses, as well as a stock award with a value of $28 million, to step into Roblox’s top financial seat.
By Grace Noto • June 10, 2025 -
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Tax, finance chiefs must craft a clear tax transformation ‘roadmap’: Deloitte
Tax and finance leaders need to agree on a clear tax transformation plan in the face of complicated cost and regulatory pressures, Deloitte’s Emily VanVleet said.
By Grace Noto • June 9, 2025 -
Courtesy of Courtesy of Circle
Circle CFO takes post-IPO victory lap for stablecoin, company
The public offering represents an “accelerant” for Circle as it seeks to establish itself at the heart of a new “internet financial system,” CFO Jeremy Fox-Geen said.
By Grace Noto • June 5, 2025 -
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Tesla CFO offloads over $2M in stock as EU sales tumble
The stock sales come as Tesla’s European sales declined by 53% in April compared to the previous year.
By Grace Noto • June 4, 2025 -
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PayPal veteran named Bill CFO
Rohini Jain is set to become Bill’s finance chief in July, replacing John Rettig who will assume the role of president and chief operating officer.
By Alexei Alexis • June 4, 2025 -
Costco ‘held’ price on tariff-impacted bananas, CFO says
The warehouse club retailer has sought to eliminate the tariff impact on certain “staple” goods prices but sees flowers as “discretionary,” CFO Gary Millerchip said.
By Maura Webber Sadovi • May 30, 2025 -
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Employers report plans to ‘quiet fire’ via RTO mandates, benefits cuts and more
Companies pushing workers out said they’re hoping to avoid things like public layoffs, bad press and severance costs.
By Carolyn Crist • May 30, 2025 -
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Regulatory clarity ‘foundational’ for crypto: Gemini CFO
Newly-minted Gemini CFO Dan Chen emphasized the importance of clear regulatory frameworks as the Trump administration continues to woo the crypto industry.
By Grace Noto • May 29, 2025 -
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Jack in the Box serial interim finance leader takes CFO brass ring
Dawn Hooper is taking the permanent CFO seat as the California-based fast food chain plans to close 150-200 underperforming restaurants.
By Maura Webber Sadovi • May 29, 2025 -
US court blocks Trump’s sweeping tariffs
The Court of International Trade said the president overstepped his authority, halting various duties. After an appeal, the ruling has been paused.
By Edwin Lopez • Updated May 29, 2025 -
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Eos Energy abruptly terminates CFO after three months
The short-term finance chief’s departure comes after the New Jersey-based battery maker reported its highest-ever quarterly revenue.
By Grace Noto • May 28, 2025
