Risk Management: Page 2


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    Artificial intelligence may boost profit margins 2% over next five years: BofA

    “Investors frequently overestimate the magnitude of tech disruption in the near term and underestimate it over the longer term,” Bank of America said.

    By Sept. 12, 2024
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    Economic, cyber worries among top CFO concerns: Travelers

    Over half of CFOs pointed to mitigating business risks as a key skill set, a recent Travelers study found.

    By Sept. 12, 2024
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    Trendline

    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
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    Election triggers new tax scenario planning: U.S. Bank survey

    Former President Donald Trump has talked about reducing the current 21% corporate tax rate while Vice President Kamala Harris proposed raising it to 28%.

    By Sept. 12, 2024
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    standret via Getty Images
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    Inflation slows to three-year low, clearing way for Fed rate cut

    The persistence of shelter cost inflation prompted futures traders to retreat from predictions that policymakers next week will cut the federal funds rate by a half point.

    By Sept. 11, 2024
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    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 Sept. 11, 2024
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    Small businesses bedeviled by inflation as Fed signals rate cut plan

    Inflation persisted last month as the top concern among small businesses, the National Federation of Independent Business said.

    By Sept. 10, 2024
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    Citi CFO: Businesses mull derisking as uncertainty persists

    While the “boil” appears to be coming off inflation, companies are still grappling with uncertainty around elections and rates, Citigroup’s Mark Mason said Monday.

    By Sept. 10, 2024
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    B2B payment fraud poised for 2024 surge

    The threat can be devastating, with many companies losing more than 30% of their total revenue to fraudulent activities each year, according to a Creditsafe report.

    By Sept. 10, 2024
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    Companies lean on AI in push to curb cyber insurance costs

    Half of business leaders responding to a Delinea survey said their organization was able to negotiate a lower cyber insurance rate after using AI.

    By Sept. 10, 2024
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    Companies boosting salary budgets at near-record pace in 2025

    Salaries will likely rise at a robust clip even though the job market since the pandemic has gradually cooled, the Conference Board said.

    By Sept. 9, 2024
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    Chip Somodevilla via Getty Images
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    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 Sept. 5, 2024
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    Courtesy of ADM
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    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 Sept. 4, 2024
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    Chip Somodevilla via Getty Images
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    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 Sept. 4, 2024
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    US manufacturing persists in recession mode, production falls

    Producers, responding to “election uncertainty” and monetary policy, held back on capital investment last month, the Institute for Supply Management said.

    By Sept. 3, 2024
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    Deepfake scams escalate, hitting 53% of businesses

    Eighty-five percent of corporate finance professionals now view such scams as an “existential” threat, a Medius study found.

    By Sept. 3, 2024
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    Photo illustration by Danielle Ternes/CFO Dive; photograph by yucelyilmaz via Getty Images
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    CISA launches cyber incident reporting portal to streamline breach disclosure

    The secure portal is designed to encourage faster and more robust information sharing about malicious attacks and critical vulnerabilities.

    By David Jones • Aug. 30, 2024
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    Justin Sullivan via Getty Images
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    Dollar General CFO cites inflation, cost pressures as shares slump

    “The customer will continue to feel financial pressure for the duration of the year,” CFO Kelly Dilts said on the company’s second quarter earnings call.

    By Aug. 30, 2024
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    Only 58% of executives assessed business risks of AI: PwC

    Rapid advances in AI outpace efforts to contain the risks from the technology, according to executives and officials.

    By Aug. 29, 2024
  • SEC charges Navy shipbuilder Austal with accounting fraud

    Austal understated an accounting metric known as “estimate at completion” for the construction of Littoral Combat Ships, according to SEC allegations.

    By Aug. 28, 2024
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    Super Micro delays 10-K filing to assess internal controls

    The AI server maker delayed its 10-K as experts partly blame a recent spike in tardy annual reports on the accounting talent shortage and increased regulation.

    By Aug. 28, 2024
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    iStock/lechatnoir

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    Consumer confidence rises despite concern for weakening job market

    A Conference Board report Tuesday highlighting improving consumer confidence aligns with a similar survey in early August by the University of Michigan.

    By Aug. 27, 2024
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    Sponsored by BOK Financial

    Payment fraud poses a significant threat to businesses

    It’s not a matter of ‘if’ but ‘when’ your business will be hit with fraud or a cyberattack. BOK Financial provides five proactive tips for protecting your company from fraudsters trying to steal your information, data or your money.

    Aug. 26, 2024
  • Federal Reserve Chair Jerome Powell.
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    Scott Olson via Getty Images
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    Powell says ‘time has come’ for rate cut, cites weakening labor market

    The Fed chair did not indicate the size of a coming interest rate reduction, keeping alive a debate on how far policymakers will cut borrowing costs.

    By Aug. 23, 2024
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    Prepping for the internal audit, CFO ‘inflection’ point

    Internal auditors are joining the CFO as strategic business leaders, according to a Protiviti report.  

    By Aug. 23, 2024
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    Jobless claims edge up, amplifying Fed signals for rate cut

    Payrolls in the 12 months ending in March may have grown 818,000 less than previously reported, according to federal data.

    By Aug. 22, 2024