SEC’s Munter warns of ‘purported’ crypto audits

The SEC’s chief accountant called out the practice by which some crypto companies pay for less “precise” reviews of their business that they misrepresent to investors as audits.

By Maura Webber Sadovi • July 28, 2023

Bed Bath & Beyond’s Etlin: Lessons for CFOs staring down bankruptcy

With the messy task of closing hundreds of Bed Bath & Beyond stores poised to be completed this month, the home-goods retailer’s Holly Etlin reflects on her role as a kind of “uber CFO.”

By Maura Webber Sadovi • July 27, 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

Most accounts receivable teams are behind schedule: survey

Fraud and missing information are some of the culprits behind slow invoice payments, Versapay CFO Russell Lester said.

By Chris Gaetano • July 26, 2023

SEC votes to overhaul disclosure rules for material cyber events

After a fierce debate, the agency voted to require companies to come clean on material breaches and attacks within four business days of determination.

By David Jones • July 26, 2023

How CFOs and businesses can get (or stay) ahead of rising rates

The Federal Reserve is widely expected to raise the benchmark rate again this week. Finance executives must adjust their strategies, PwC’s Wes Bricker asserts.

By Wes Bricker • July 25, 2023

UPS, Teamsters reach tentative agreement on national contract

The tentative deal is a welcome development for the shippers and businesses that rely on UPS. The agreement still needs to be reviewed and voted on by union-represented employees.

By Max Garland • July 25, 2023

Investigations are causing data breach costs to skyrocket, IBM finds

Organizations are under mounting pressure to conduct more thorough investigations as the complexity of data breaches grow.

By Matt Kapko • July 24, 2023

Companies cut costs as rates rose: S&P

U.S. companies with comparatively weak balance sheets trimmed costs less during the first quarter than their counterparts with investment grade ratings, S&P said.

By Jim Tyson • July 21, 2023

One CFO’s stealth IPO market tests

“Bake-offs” and confidential filings can clue executives in on their company’s prospects well ahead of going public, Clearwater Analytics CFO Jim Cox says.

By Maura Webber Sadovi • July 20, 2023

Recession storm clouds growing: Conference Board

A downturn will probably extend from the current quarter to the first quarter of next year, the Conference Board predicted.

By Jim Tyson • July 20, 2023

FedNow goes live for banks, credit unions

The Fed’s long-awaited instant payments system is arriving right on time this month, giving consumers and businesses a new route for speedier transactions.

By Lynne Marek • July 20, 2023

Fed’s final inflation fight ‘will be tough’: Fannie Mae

The likelihood of a “soft landing” for the economy, or a slowing of inflation without triggering recession, has increased recently, Fannie Mae said.

By Jim Tyson • July 19, 2023

SEC takes climate rule criticism ‘very seriously’: top official

GOP lawmakers on Tuesday accused an SEC division director of undermining capitalism by pushing for a climate risk disclosure rule.

By Jim Tyson • July 18, 2023

Gensler sees companies with AI gaining clout over consumers

The SEC chief warned that the handful of companies leading AI innovation may come to dominate the market.

By Jim Tyson • July 17, 2023

SIFMA calls to slow CECL credit-losses project

The current expected credit losses accounting standard was aimed at fostering timelier reporting of deteriorated assets. It’s been controversial.

By Maura Webber Sadovi • July 17, 2023

$6.2B accounting flub at Pentagon draws GOP fire

Republicans criticized the Pentagon in the run-up to House passage on Friday of the $866 billion National Defense Authorization Act for fiscal year 2024.

By Jim Tyson • July 14, 2023

Healthcare bankruptcies jump as crypto ‘calms down’

Labor costs and a fall-off in government aid are factors cited behind healthcare industry distress. Meanwhile, bankruptcy experts said a commercial real estate “bubble” looms.  

By Maura Webber Sadovi • July 14, 2023

Shareholder activism surges in 2023: Freshfields

Republican lawmakers are pushing back against ESG activism, saying they are defending the interests of Main Street investors.

By Jim Tyson • July 13, 2023

Brainard calls for executive accountability on rate risks and price spirals

 “It will be important for corporations to continue to bring their markups back down after having raised them to unusually elevated levels over the past two years,” the former Fed vice chair said.

By Suman Bhattacharyya • July 12, 2023

Slowing inflation unlikely to avert Fed rate hike

Traders in interest rate futures see 95% odds that the central bank will increase the federal funds rate by a quarter percentage point on July 26.

By Jim Tyson • July 12, 2023

Why all CFOs need to be prepared for bank capital requirement changes

With banks potentially undergoing capital requirement changes, CFOs need to be hyper-aware when it comes to the financial health of their businesses, according to Northern Edge Advisors’ president.

By Elizabeth Flood • July 12, 2023

Economy struggling in ‘slowcession’: Moody’s

A sudden spike in oil prices poses the biggest threat to U.S. economic growth, Moody’s Analytics Chief Economist Mark Zandi said.

By Jim Tyson • July 11, 2023

ChatGPT joins top 20 ‘shadow apps’

The popular AI tool made a strong debut this year on an annual list of the top 20 apps that are used in the workplace without company oversight.

By Alexei Alexis • July 11, 2023

Economic optimism grows as inflation worries ease: McKinsey

Business executives worldwide see growing risks from income inequality and shifts in political leadership, McKinsey said.

By Jim Tyson • July 10, 2023

TPG to buy Forcepoint’s public sector cybersecurity business for $2.45B

The deal for Forcepoint’s government and critical infrastructure-focused business marks one of the largest in the cybersecurity market this year.

By Matt Kapko • July 10, 2023