Financial Reporting


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    CFOs mull future benefits for AI in tax: insightsoftware

    When it comes to bringing AI into tax, it remains a bit of a “wait and see” for finance chiefs, said insightsoftware’s Josh Schauer.

    By April 11, 2024
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    Lack of uniform standards and disclosures a roadblock to scaling transition finance: report

    A lack of standardized definitions, metrics and transition finance instruments endorsed by international organizations threatens broader adoption, the CFA Institute said.

    By April 11, 2024
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    KanawatTH via Getty Images
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    Trendline

    CFO best practices in the evolving generative AI era

    As the initial frenzy around the launch of generative artificial intelligence subsides, a new GenAI era appears to be taking shape.

    By CFO Dive staff
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    Jack Taylor via Getty Images
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    PCAOB levies record $25M fine on KPMG Netherlands for exam cheating

    The $25 million penalty is the largest fine of any type imposed by the auditor watchdog since it was created in 2002 following the Enron accounting scandal. 

    By April 10, 2024
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    KFC names new CFO amid push to boost sales

    The finance leadership change comes as KFC struggles with dwindling traffic in a dicey economic environment.

    By April 10, 2024
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    Interim CFO requests skyrocket 46%: BTG

    Companies are turning to interim financial leadership more frequently as they struggle to fill widening gaps in their accounting and finance functions.  

    By April 9, 2024
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    Stephen Brashear via Getty Images
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    Nation-state actors drive up cyberthreats

    Microsoft and Hewlett Packard Enterprise are among companies that have recently reported high-profile cyber intrusions attributed to nation-state actors.

    By April 9, 2024
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    Viorika via Getty Images
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    As Zillow alum takes the financial helm, Varo Bank sets sights on profitability

    Varo’s Allen Parker is focused on “ensuring finance can play a role in how we prioritize our investments” which will be critical to achieving profitability, he said.

    By April 8, 2024
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    Olivier Le Moal via Getty Images
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    Deploying AI in accounting poses 12 audit risks: CAQ study

    CFOs see the value of generative artificial intelligence but may not fully grasp its audit risks, according to the Center for Audit Quality.

    By April 5, 2024
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    FASB to borrow from international rules for government grants

    Many businesses and financial report preparers already rely on the IAS government grant accounting rules because GAAP is silent on the subject.

    By April 5, 2024
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    Michael M. Santiago via Getty Images
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    NY AG prods for missing email relating to ex-Trump CFO’s perjury plea

    Allen Weisselberg’s testimony surrounding the triplex was central to the charges of perjury levied against the former CFO, who is set to begin a five-month jail sentence on April 10.

    By April 5, 2024
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    IRS warns of ‘Dirty Dozen’ worst tax scams to avoid

    The Internal Revenue Service is once again flagging the pandemic-era employee retention credit as a tax claim that it is closely watching.

    By April 4, 2024
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    Stock photo via Getty Images
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    Opinion

    How speeding the path to CPA licensure hurts finance teams

    A Minnesota bill offering an alternative route to CPA licensure threatens a secret weapon of accountants and the businesses they serve, the AICPA’s Marta Zaniewski writes.

    By Marta Zaniewski • April 4, 2024
  • The Spotify company logo is diaplayed as traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on February 01, 2023 in New York City.
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    Michael M. Santiago / Staff via Getty Images
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    Spotify names new CFO amid profitability push

    The move follows efforts by the music streaming giant to turn the page on a history of financial struggles, including by raising prices and cutting staff.

    By April 4, 2024
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    Intel appoints new CFO to troubled chipmaking unit

    The appointment follows a $7 billion operating loss for Intel’s foundry unit as AI’s potential pushes up both interest and pricing in the semiconductor space.

    By April 3, 2024
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    Allstate alum joins Farmers Insurance as CFO

    Farmers is one of many insurers who stepped back from providing services to certain states in the face of increasing environmental risks in 2023.

    By April 2, 2024
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    Courtesy of Tupperware
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    Tupperware flags accounting strains in late 10-K notice

    The late notice comes roughly five months after Tupperware said its former independent auditor PricewaterhouseCoopers declined to be re-appointed. 

    By April 1, 2024
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    FASB fine-tunes proposed expense disclosure rule

    The proposed accounting standards update is one of several initiatives that have been a priority for FASB under the general theme of disaggregation.

    By March 29, 2024
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    Cara Salpini/CFO Dive
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    GameStop’s interim CFO gets permanent seat

    The appointment comes after significant churn in the position and as the company looks to turn around slumping sales.

    By March 27, 2024
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    Mock earnings helped prep for IPO, Cava CFO says

    The restaurant chain’s blockbuster 2023 initial public offering was seen by some as a promising sign for the lackluster IPO market.

    By March 27, 2024
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    Courtesy of ADM
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    Interim ADM CFO gets $35K monthly pay boost

    Embattled Archer Daniels Midland also gave interim finance chief Ismael Roig restricted stock valued at $1 million that will fully vest in March of next year.

    By March 26, 2024
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    Open Lending taps CFO for interim CEO, COO

    Open Lending is leaning on its CFO of four years to position it for growth as it prepares for the “inevitable” recovery of the auto lending industry.   

    By March 26, 2024
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    Fintech Wise swipes Delivery Hero alum for finance chief

    Emmanuel Thomassin will depart for the London-based money transfer provider after a decade in Delivery Hero’s top financial seat.

    By March 25, 2024
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    FASB backs off bigger software accounting revamp

    It's been decades since the Financial Accounting Standards Board has made any major changes to GAAP accounting rules for software.

    By March 21, 2024
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    Fed forecasts three, quarter-point rate cuts in 2024, holds main rate steady

    Central bank officials upgraded their projection for 2024 economic growth to 2.1% while predicting unemployment will end the year at 4%.

    By March 20, 2024
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    Federal appeals court pauses SEC climate rule implementation

    The climate disclosure regulation is now on pause pending a review from the U.S. Fifth Circuit of Appeals, as the first of multiple challenges yields action.

    By Lamar Johnson • March 19, 2024