Financial Reporting: Page 8
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Lamar Johnson/CFO Dive
Climate Week NYC 2024 delivers carbon removal deals, green banking coalition
The annual climate event launched with announced commitments to triple nuclear energy financing, decarbonization initiatives across the aviation sector and some carbon offset deals.
By Lamar Johnson • Sept. 27, 2024 -
Ralph Orlowski via Getty Images
Ex-Guess Inc CFO takes top financial seat for retailer Puma
Guess alum Markus Neubrand will replace 19-year Puma veteran Hubert Hinterseher as CFO next month as the retailer continues efforts to improve its brand desirability.
By Grace Noto • Sept. 26, 2024 -
Explore the Trendline➔
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TrendlineCFO 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 -
Xavier Arnau via Getty Images
Deep DiveNo, not all companies are abandoning diversity, equity and inclusion. Here’s why.
Amid a high-profile backlash, many businesses are scrutinizing their policies. But the vast majority end up sticking with DEI, in part because it’s key to growth.
By Daphne Howland • Sept. 26, 2024 -
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Controllers prep for ‘dramatic’ role changes, focus on value creation: EY
While controllers recognize that change is coming, and coming quickly, they “don't necessarily have a view on what that will look like,” EY’s Myles Corson said.
By Grace Noto • Sept. 25, 2024 -
eggeeggjiew via Getty Images
Owens & Minor appoints interim CFO to permanent seat
The appointment comes as the company targets $5 billion in revenue by 2028 for its Patient Direct segment.
By Grace Noto • Sept. 24, 2024 -
Photo illustration by HUB International; photographs via Getty Images
Sponsored by HUB InternationalSeize the day: Optimize your risk management strategy to improve your bottom line
As we move closer to 2025, the insurance market presents a window of opportunity with a period of relative stability compared to the volatility of recent years.
Sept. 23, 2024 -
Mario Tama via Getty Images
AIG hires Marsh veteran as CFO
The appointment comes after a predecessor, Shane Fitzsimons, stepped down for medical leave in 2023 and later passed away.
By Alexei Alexis • Sept. 19, 2024 -
Courtesy of FASB
FASB tees up GAAP codification cleanup for comment
The codification, effectively the bible for generally accepted accounting principles, is continuously updated.
By Maura Webber Sadovi • Sept. 19, 2024 -
Courtesy of Xerox
Xerox taps insider to succeed retiring CFO
The transition comes on the heels of recent financial challenges at the Norwalk, Connecticut-based tech company.
By Alexei Alexis • Sept. 18, 2024 -
Courtesy of Mastercard
Mastercard CFO to continue working after cancer diagnosis
Decisions on medical disclosures can be challenging for companies but Mastercard’s approach drew high marks from some corporate governance experts.
By Maura Webber Sadovi • Sept. 17, 2024 -
Spencer Platt via Getty Images
SEC charges Kubient CEO, CFO with accounting fraud, misleading investors
Kubient’s ex-CEO, ex-CFO and former head of audit each lied to the business’ independent auditor and reported $1.3 million in false revenue, the SEC alleges.
By Grace Noto • Sept. 17, 2024 -
David Ryder/Getty Images via Getty Images
Microsoft finance team puts Copilot to the test in transformation push
The software giant’s finance professionals have become some of Copilot's top users in the company, Microsoft’s Cory Hrncirik said.
By Alexei Alexis • Sept. 17, 2024 -
Dan Kitwood via Getty Images
AICPA, NASBA take big step toward CPA licensure option with less schooling
The accounting associations are seeking public comment on an alternative route to getting a CPA license that doesn’t require a fifth year of college.
By Maura Webber Sadovi • Sept. 16, 2024 -
Justin Sullivan via Getty Images
T-Mobile hikes CFO compensation amid antitrust scrutiny
The CFO’s raise comes as T-Mobile looks to continue an aggressive growth push in the face of antitrust scrutiny from lawmakers.
By Grace Noto • Sept. 16, 2024 -
Courtesy of IMAX
IMAX CFO: Taking a disciplined approach to movie magic
Dubbed a “homegrown talent” when named CFO in 2022, Natasha Fernandes says relationships forged in the finance trenches have been key to her success.
By Maura Webber Sadovi • Sept. 13, 2024 -
qingwa via Getty Images
SEC charges leaders of failed online pharmacy in $170M fraud case
SEC Chair Gary Gensler has stepped up enforcement since 2021, targeting investor fraud, cyber-related misconduct and misleading financial reporting.
By Jim Tyson • Sept. 13, 2024 -
Laurence Dutton via Getty Images
CFOs’ AI adoption gains momentum: Gartner
Sixty-six percent of finance leaders are more optimistic about the technology compared to last year, the study found.
By Alexei Alexis • Sept. 11, 2024 -
Tero Vesalainen via Getty Images
Ally shares slump after CFO warns of ‘intensified’ credit challenges
Borrowers have continued to struggle with high inflation, cost of living and a “weakening” employment picture, CFO Russ Hutchinson said.
By Grace Noto • Sept. 11, 2024 -
Viorika via Getty Images
Airwallex eyes embedded payments in globalization push
Two “immediate bets” the company is making include increasing headcount in Brazil and Mexico, executive GM Ravi Adusumilli said.
By Grace Noto • Sept. 10, 2024 -
Scott Olson via Getty Images
New Eli Lilly CFO to receive $1M salary, bonus opportunity
The financial leadership transition is coming as the pharma giant hovers just below a $1 trillion market cap in the midst of rising demand for several new medications.
By Grace Noto • Sept. 9, 2024 -
metamorworks via Getty Images
SoundHound AI programmatic M&A strategy targets 2025 ‘break even’
In the midst of AI hype, SoundHound is leaning on programmatic M&A to balance profitability with hypergrowth, CFO Nitesh Sharan said.
By Grace Noto • Sept. 6, 2024 -
Justin Sullivan via Getty Images
Honeywell taps insider for CFO seat
The transition comes as Charlotte, North Carolina-based Honeywell’s CEO is laser-focused on accelerating growth.
By Alexei Alexis • Sept. 5, 2024 -
Chip Somodevilla via Getty Images
Tax compliance costs surge 32% since 2017: Tax Foundation
Efforts to simplify the federal tax code have failed to reverse decades of regulatory and legislative changes that have made it more complex.
By Jim Tyson • Sept. 5, 2024 -
Courtesy of ADM
New ADM CFO to tackle ‘root cause’ of material weakness
Just weeks into his CFO tenure, Monish Patolawala said he’d prioritize remediating the accounting woes that have rocked the company this year.
By Maura Webber Sadovi • Sept. 4, 2024 -
Chip Somodevilla via Getty Images
SEC fines credit rating firms $49M for record-keeping flaws
Employees at some of the firms routinely discussed credit ratings on their personal communication devices, the SEC said.
By Jim Tyson • Sept. 4, 2024
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