Financial Reporting: Page 18
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Courtesy of Popeyes
Popeyes parent names new CFO in leadership shakeup
The company named Sami Siddiqui as its CFO while Jeff Klein will fill Siddiqui’s previous role as president of Popeyes U.S.
By Julie Littman • March 14, 2024 -
Joe Raedle via Getty Images
Peloton CFO leans on cost cutting to reverse post-pandemic slump
Finance chief Liz Coddington is cutting overhead costs and driving more revenue from Peloton’s digital subscription and bike rental businesses.
By Suman Bhattacharyya • March 12, 2024 -
Explore the Trendline➔
Mario Tama via Getty Images
TrendlineTop 5 stories from CFO Dive
Tarifff headwinds along with the accounting talent shortage and the promises and traps of generative AI, are among the top issues CFOs are grappling with this year.
By CFO Dive staff -
Courtesy of ADM
ADM reports DOJ subpoenas and document requests
The company’s confirmation of the DOJ’s involvement comes about two months after ADM disclosed an internal accounting probe and put its CFO on leave.
By Maura Webber Sadovi • March 12, 2024 -
David Becker via Getty Images
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 -
ST-art via Getty Images
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 -
Roy Rochlin via Getty Images
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 -
Courtesy of The Chemours Co.
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 -
Peyton Bigora/CFO Dive
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 -
pcess609 via Getty Images
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 -
Michael M. Santiago via Getty Images
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 -
Courtesy of FASB
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 -
David McNew via Getty Images
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 -
Michael M. Santiago via Getty Images
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 -
Courtesy of Lordstown Motors
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 -
Pascal Le Segretain via Getty Images
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 -
Justin Sullivan via Getty Images
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 -
Avosb via Getty Images
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 -
Christopher Furlong via Getty Images
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 -
Mark Wilson/Newsmakers via Getty Images
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 -
Ethan Miller via Getty Images
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 -
Andrew H. Walker via Getty Images
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 -
Ablestock via Getty Images
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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