Risk Management


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    Opinion

    Mind the trust gap: Why C-suite humility matters in the AI era

    If executives engage in the big issues of today without acknowledging there can be a diverse set of explanations, they risk losing stakeholder trust, PwC’s Wes Bricker writes.  

    By Wes Bricker • June 21, 2024
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    Homebuilding sags to four-year low, stifled by higher-for-longer rates

    Mortgage activity last month slumped 8.5% compared with April and 7.3% compared with May 2023, Freddie Mac said Thursday.

    By June 20, 2024
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    Trendline

    Top 5 stories from CFO Dive

    Cooling inflation, an M&A rebound and an AI reckoning are among the top forces that could shape the corporate finance world this year.

    By CFO Dive staff
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    Slim gain in retail sales highlights challenges for consumers

    “Inflation and higher interest rates are straining low- and moderate-income households,” St. Louis Fed President Alberto Musalem said Tuesday.

    By June 18, 2024
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    Startup focused on AI-driven cyber threats raises $18M

    The announcement comes as artificial intelligence adoption explodes and enterprises grapple with related risks.

    By June 18, 2024
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    IRS aims to end ‘shell game’ by partnerships, targets $50B extra in taxes

    Tax dodging by complex partnerships “has been overlooked for more than a decade,” IRS Commissioner Daniel Werfel said Monday.

    By June 17, 2024
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    28% of big companies have no formal CFO succession plan, finance chiefs say

    The dearth of succession plans for departing finance chiefs comes as CFO turnover at public companies has soared this year.

    By June 14, 2024
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    Microsoft president promises significant culture changes geared towards security

    Brad Smith detailed plans to tie compensation to security, as lawmakers raised new questions about the company’s commitment to transparency.

    By David Jones • June 14, 2024
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    CFO Editorial Staff
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    Tyson Foods CFO suspended after arrest for intoxicated driving

    This is the second alcohol-related incident for John R. Tyson since he took the executive role less than two years ago.

    By Nathan Owens • June 13, 2024
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    FASB’s environmental credit rules recall crypto debate

    Like crypto rules FASB recently finalized, the environmental credit accounting standards would provide specific guidance where GAAP is currently silent.   

    By June 13, 2024
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    PCAOB Chair Erica Williams gets second term

    The board has pursued an aggressive agenda under Williams, with record fines against accounting firms.

    By June 12, 2024
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    Wells, PNC CFOs see office spaces leading CRE stress

    “Older office buildings that are not renovated in certain areas of different cities are the places that you’re seeing the most stress,” Wells Fargo CFO Mike Santomassimo said Tuesday.

    By Caitlin Mullen • June 12, 2024
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    Small business uncertainty rises as Fed mulls ‘higher-for-longer’ rates

    Fed officials in a meeting Wednesday will likely downgrade from three to two their median projection for the number of quarter-point cuts in the federal funds rate this year, according to futures traders and economists.

    By June 11, 2024
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    How CFOs can tap a holistic strategy to cut through indirect tax noise

    Taking a platform-based approach can help CFOs get a clearer handle on the data they need to comply with disparate indirect tax requirements.

    By June 11, 2024
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    Few companies report solid EBIT gains from rush into GenAI: McKinsey

    Seven out of 10 companies that use generative AI most effectively said they faced challenges in governing and integrating data, McKinsey said.

    By June 10, 2024
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    Quiet vacationing: What’s this summer work trend?

    The workers who are afraid of taking PTO have come up with a complicated solution to their anxieties.

    By Caroline Colvin • June 7, 2024
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    Heed Corporate Transparency Act despite legal cloud, experts say

    Passed in 2021, the law was designed to prevent bad actors from using legal entities to shield money laundering and other illicit activity.

    By Chris Gaetano • June 7, 2024
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    Sierra Club, NRDC drop legal challenges to SEC climate rule

    The two environmental groups have decided to focus resources elsewhere to improve climate-related financial disclosures.

    By Lamar Johnson • June 6, 2024
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    FASB seeks comment on narrow hedge accounting fix

    Despite a unanimous vote, some board members expressed concern the proposed improvements to GAAP hedging guidance do not go far enough.  

    By June 5, 2024
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    Cyberattacks pose mounting risks to creditworthiness: Moody’s

    “As more data becomes available — thanks to recently adopted disclosure requirements — attacks continue to proliferate,” a Moody’s executive said.

    By June 5, 2024
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    Few CFOs control cybersecurity budgets. Here’s why more should.

    Tech executives, not CFOs, most often call the shots on cybersecurity spending at middle market companies, according to a recent RSM US survey.

    By June 4, 2024
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    Forecasts for Fed rate cuts probably too optimistic, Summers says

    “I don’t think we’re on a convincing trajectory to the 2% inflation target” set by the Federal Reserve, Former Treasury Secretary Larry Summers said.

    By June 4, 2024
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    Live Nation confirms Ticketmaster data breach after proposed class action

    The breach, which reportedly exposed the personal data of more than 500 million consumers to the “dark web,” was the direct result of poor cybersecurity measures, the lawsuit alleges.

    By June 4, 2024
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    Most M&A buyers would pay 3% extra for a company with a good ESG profile

    ESG is playing a bigger role in dealmaking than ever before, Deloitte said.

    By June 3, 2024
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    AI powers uptick in middle-market cyberattacks

    “While AI is available to the good guys it’s also available to the bad guys” and it is cutting the time it takes to mount a cyberattack, RSM’s Tauseef Ghazi said.  

    By May 30, 2024
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    NY Fed President Williams forecasts hitting 2% inflation goal in 2026

    Price pressures will likely fall during the second half of 2024 as demand declines into better balance with supply, Williams said.

    By May 30, 2024