Financial Reporting: Page 10
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Microsoft rolls out Copilot AI tool to finance teams
The move is part of Microsoft’s effort to layer AI across its enterprise offerings, with the ambitious goal of impacting every role in the workplace.
By Alexei Alexis • Feb. 29, 2024 -
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Judge denies former View CFO motion to dismiss SEC complaint
The SEC had “adequately alleged facts” which allowed the court to reasonably infer negligence on the part of the ex-CFO, the judge said.
By Grace Noto • Feb. 28, 2024 -
Explore the Trendline➔
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TrendlineTop 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 -
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Orsted taps new CFO, COO in turnaround bid
The troubled offshore energy developer appointed new financial and operational leadership as it looks to get back on course following a turbulent 2023.
By Grace Noto • Feb. 27, 2024 -
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CFOs take backseat to CISOs on SEC cyber rules
Less than half of finance chiefs are involved in the SEC's cybersecurity breach disclosure process, AuditBoard found.
By Alexei Alexis • Feb. 27, 2024 -
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MGM Resorts’ cyberattack headache continues as regulators launch investigations
The company said it could face fines in connection with regulatory inquiries stemming from the social engineering attack.
By David Jones • Feb. 26, 2024 -
Artem Peretiatko via Getty Images
New Prophix CFO: championing the ‘data steward’ shift
The “bird’s eye view” of the business provided by finance chiefs makes them ideal choices as stewards of data, Prophix CFO Aaron Levine says.
By Grace Noto • Feb. 22, 2024 -
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Planet Fitness CFO retiring amid search for CEO
The announcement comes in the wake of the health-club chain’s abrupt decision last fall to oust then CEO Chris Rondeau.
By Alexei Alexis • Feb. 22, 2024 -
Courtesy of Honda Aircraft Co.
IRS targets ‘under the radar’ misuse of corporate jets: Werfel
The IRS has stepped up tax enforcement since Congress approved a $80 billion funding boost in 2022.
By Jim Tyson • Feb. 22, 2024 -
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More than half of accountants make several errors each month: Gartner
Accountants with excessive workloads tend to err through manual mistakes, lax review of records or misinterpretation of data, Gartner said.
By Jim Tyson • Feb. 21, 2024 -
Michael M. Santiago via Getty Images
Ex-Trump CFO still faces legal, financial troubles after civil fraud ruling
Ex-CFO Allen Weisselberg is confronting potential perjury charges, financial penalties and a fraught ending to his career.
By Grace Noto • Feb. 21, 2024 -
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Zevia taps new CFO amid growth push
The CFO swap comes as Zevia fights to bolster growth amid financial challenges and competitive demand for healthier beverages.
By Grace Noto • Feb. 20, 2024 -
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Judge orders Trump Organization to pay $364M in long-awaited civil fraud ruling
Judge Engoron also permanently banned the organization’s ex-CFO and ex-controller from serving in the financial control function of any New York corporation.
By Grace Noto • Feb. 16, 2024 -
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Former NJ law firm CFO charged in $1.5M embezzlement scheme
The ex-finance chief had his law firm pay $355,256 in credit card ex-expenses for himself and his family, the New Jersey Attorney General alleges.
By Maura Webber Sadovi • Feb. 16, 2024 -
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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 -
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Krispy Kreme faces double-digit inflation in some costs: CFO
The company is grappling with soaring sugar prices as the fight to keep inflation down remains an ongoing challenge for the Federal Reserve.
By Alexei Alexis • Feb. 14, 2024 -
Michael M. Santiago via Getty Images
Lyft shares rise 35% after earnings report typo sparks confusion
An “extra zero” added to a press release sent Lyft stock soaring. It subsided after clarification of the number but still closed at a 52-week high.
By Grace Noto • Feb. 14, 2024 -
Courtesy of Hewlett Packard Enterprse
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 -
Shutterstock/ Lemonsoup14
Sponsored by Oak Point PartnersInnovative asset management category provides new opportunity for top companies
A new asset management category – called remnant asset monetization – can add value to your company, potentially well into the millions of dollars or more. In fact, this groundbreaking new category is a $100+ Billion previously untapped market.
Feb. 12, 2024 -
Courtesy of Enerpac
Enerpac Tool appoints interim finance chief
The Menomonee Falls, Wisconsin-based industrial tool maker appointed its head of financial planning to the interim CFO position.
By Grace Noto • Feb. 9, 2024 -
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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 -
Michael M. Santiago via Getty Images
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 -
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Walgreens names permanent CFO in management shakeup
The pharmacy chain’s recently-installed CEO announced executive team changes as the company looks for a fresh start after financial struggles.
By Alexei Alexis • Feb. 8, 2024 -
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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 -
Stephanie Keith via Getty Images
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 -
(Justin Sullivan/Getty Images) via Getty Images
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
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