Criminals’ AI adoption intensifies scam threat

With AI, a criminal can now more easily mimic the voice of a trusted person at an organization as part of a sophisticated payment fraud scam, says Trustpair CEO Baptiste Collot.

By Alexei Alexis • Oct. 17, 2023

Procurement must adapt to era of ‘sudden upheavals’: McKinsey

Even as supply chain disruptions wane, companies should adjust procurement to a period of volatile prices and global strife, McKinsey said.

By Jim Tyson • Oct. 16, 2023

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Compensation: solving the cost-talent puzzle

In today’s strong labor market, CFOs leery of raising wages find creative ways to find and retain key employees.

By CFO Dive staff

PCAOB says 42% of auditors botched quality reviews

Since early 2022 the PCAOB has tightened standards, stepped up enforcement and intensified inspections of auditing firms.

By Jim Tyson • Oct. 13, 2023

KPMG taps new vice chair of tax

27-year KPMG alum Rema Serafi will become the first woman to serve as the firm’s vice chair of tax as it looks to craft strong, tech-forward tax offerings.

By Grace Noto • Oct. 13, 2023

How UiPath kept its finance team lean as it scaled up

The goal is to increase team productivity through automation tools, but “doing more with less” might motivate some companies using the technology, CFO Ashim Gupta says.

By Suman Bhattacharyya • Oct. 13, 2023

Inflation persists above 2%, defying Fed

Core inflation sped up during the past two months, underscoring the central bank’s challenge of restoring price stability.

By Jim Tyson • Oct. 12, 2023

Inflation, worker scarcity slam small business confidence: NFIB

Optimism among small businesses has flagged even as economic growth this year has exceeded expectations.

By Jim Tyson • Oct. 11, 2023

SEC cyber rules send execs scrambling as deadlines near

Companies face the thorny challenge of determining what constitutes a “material” cyber breach for reporting purposes.

By Alexei Alexis • Oct. 10, 2023

Fed Vice Chair Jefferson flags tightening from rising bond yields

Financing costs may have risen in recent weeks as investors upgrade their expectations for economic growth or alter their view of underlying risks, Jefferson said.

By Jim Tyson • Oct. 9, 2023

PCAOB chief slams auditors for 40% error rate

The federal overseer of audit firms last year doubled the number of enforcement orders compared with 2021 and imposed record penalties.

By Jim Tyson • Oct. 5, 2023

CFOs play defense: US Bank survey

Cost cutting is being prioritized over growth — with many CFOs seeing tech as the top means of realizing savings, the survey found.

By Chris Gaetano • Oct. 4, 2023

SEC fines Newell Brands $12.5M for misleading investors

Newell veiled sub-par sales using various accounting changes and disregarded warnings from its audit committee and auditor, the SEC said.

By Jim Tyson • Oct. 3, 2023

US IPOs rise 20% YTD yet lag 2021 pace

IPO investors worldwide have become especially selective as central banks push up interest rates, raising the cost of capital, EY said.

By Jim Tyson • Oct. 2, 2023

CFOs worry most about rate hikes: Fed survey

While vexed by high borrowing costs, top financial executives see revenues rising next year and the economic landscape brightening.

By Jim Tyson • Sept. 29, 2023

PCAOB fines Deloitte affiliate $900,000

Sanctions by the PCAOB against Deloitte’s affiliate in Colombia reflect tougher oversight by the U.S. audit watchdog under the Biden administration.

By Jim Tyson • Sept. 28, 2023

Gensler warns federal shutdown would freeze IPOs, SEC enforcement

Democratic lawmakers predicted a partial government closure would harm the competitiveness of U.S. capital markets.

By Jim Tyson • Sept. 27, 2023

3 valuation takeaways from fraud ruling in Trump asset case

The judge’s ruling is a cautionary tale for financial executives who might look to disclaimers to defend a potentially flawed real estate appraisal.

By Maura Webber Sadovi • Sept. 27, 2023

75% of companies unprepared for coming ESG audits: KPMG

As regulators worldwide begin to mandate ESG disclosures, only 25% of companies are ready for audits of their reports, KPMG said.

By Jim Tyson • Sept. 26, 2023

Small businesses fear revenue hit from looming shutdown: Goldman

Many executives at smaller companies are worried their firms will be hurt financially if lawmakers don’t reach a spending deal before Oct. 1.

By Maura Webber Sadovi • Sept. 25, 2023

Treasurers turn to large banks to buffer risks

While most treasury professionals focused on macroeconomic risks, some are taking steps within their organizations to control what they can.

By Chris Gaetano • Sept. 21, 2023

CFO optimism rebounds on brighter economic outlook: Deloitte

CFO expectations for revenue, earnings and hiring have improved since the second quarter, Deloitte said.

By Jim Tyson • Sept. 21, 2023

Average insider cyberthreat cost spikes 40% in 4 years

The outsmarting of insiders is a “go-to tactic” for many cyberattackers looking to steal credentials and gain access to critical data, according to research from the Ponemon Institute.

By Alexei Alexis • Sept. 21, 2023

Fed forgoes rate hike, signals another increase in 2023

Policymakers have kept the main rate unchanged during two of their six meetings this year as price pressures gradually ease.

By Jim Tyson • Sept. 20, 2023

High rates, fading consumption will stifle growth: Fannie Mae

As the Fed sustains monetary tightening, the economy in coming months will likely slow — or shrink outright, economists said.

By Jim Tyson • Sept. 19, 2023

SEC fines Lyft for failing to disclose $424M, pre-IPO stock sale

Lyft is required under federal securities laws to disclose stock transactions exceeding $120,000 that involve a person with ties to the company, the SEC said.

By Jim Tyson • Sept. 18, 2023