Skechers to pay $1.25M fine for undisclosed payments: SEC

The civil penalty comes as the SEC widens its spotlight on executive compensation and benefits.  

By Grace Noto • March 11, 2024

Regional bank execs push back on CRE risk fears

Regional banks are working to manage exposure to the office sector, but executives say they will skirt a regional banking crisis.

By Suman Bhattacharyya • March 8, 2024

Explore the 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

Funko CFO to step down as toymaker preps for ‘softer’ content schedule

Steve Nave is departing after largely executing his financial and operational goals. The CFO's resignation comes as Funko continues to brace for economic headwinds.

By Grace Noto • March 8, 2024

Chemours says CEO, CFO violated ethics code

The executives engaged in financial practices that triggered an anonymous report to the Chemours ethics hotline, the company said.

By Alexei Alexis • March 7, 2024

GE finance veteran to join United Natural Foods

The food distributor announced that its sitting CFO will soon leave the company as it struggles with weak sales.

By Alexei Alexis • March 6, 2024

Pillar 2 tax heightens CFO need for quality data

In 2021 more than 130 countries agreed to implement Pillar 2, which seeks to set a global minimum effective tax rate of 15% for certain multinational enterprises.

By Grace Noto • March 6, 2024

Former Twitter CEO, CFO sue Musk for $128M in unpaid severance

Elon Musk vowed a “lifetime of revenge” against former Twitter leadership following the stormy lead-up to his takeover of the floundering social media site.

By Grace Noto • March 5, 2024

FASB advances gross-up fix for CECL

In 2016 FASB sought to curb delays in recognizing deteriorated assets through its current expected credit losses standard that it is now revisiting.

By Maura Webber Sadovi • March 4, 2024

93% of firms use a mix of ESG standards, thwarting uniformity efforts: IFAC

The spotlight on confusion from a jumble of ESG frameworks comes just days before a vote on an SEC rule aimed at ensuring uniformity in climate disclosure.

By Jim Tyson • March 4, 2024

Ex-Trump CFO Weisselberg pleads guilty to perjury

The ex-CFO will be sentenced to five months in jail after pleading guilty to two counts of perjury, according to reports, his second felony conviction in two years.

By Grace Noto • March 4, 2024

SEC charges Lordstown Motors with misleading investors on sales outlook

Lordstown’s auditor and adviser also faces SEC sanctions for allegedly violating independence standards.

By Jim Tyson • March 1, 2024

Clearing the tax ‘data swamp’: Thomson Reuters

To keep pace with emerging tax requirements, organizations need to change their processes as well as their technologies, Thomson Reuters’ Ray Grove said.  

By Grace Noto • Feb. 29, 2024

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

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

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

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

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

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

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

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

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

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

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

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

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