PCAOB chief chides auditors for blaming failures on talent shortage

The quality of audits has trended “in the wrong direction for the second year in a row,” PCAOB Chair Erica Williams said.

By Jim Tyson • Nov. 8, 2023

Half of cloud transformations are ‘abject failures’

As the technology matures, CFOs are asking CIOs to justify the business value of existing migrations, HFS CEO and Chief Analyst Phil Fersht said.

By Matt Ashare • Nov. 8, 2023

Explore the 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

SEC commissioner suggests ‘re-proposing’ climate risk disclosure rule

Some investors seek broader company disclosures with the aim of promoting social change rather than clarifying stock valuations, SEC Commissioner Mark Uyeda said.

By Jim Tyson • Nov. 7, 2023

Banks tighten standards on loans to companies of all sizes: Fed

Demand for commercial and industrial loans fell during the third quarter as the Fed pushed up the benchmark interest rate to a 22-year high.

By Jim Tyson • Nov. 6, 2023

Truist pushes ambitious reorganization in $750M cost-cutting plan

CFO Mike Maguire says the bank is making good progress, as it grapples with a string of high-profile executive departures.

By Suman Bhattacharyya • Nov. 6, 2023

A data governance blueprint for finance teams

Learn how CFOs can establish controls and cross-departmental partnerships for stronger data governance.

Nov. 6, 2023

NJ ranks worst in business taxes with NY close behind

The Garden State may rise from dead last in corporate tax rankings if a 2.5% business tax surcharge expires at the end of this year as scheduled, the Tax Foundation said.

By Jim Tyson • Nov. 2, 2023

PayPal CEO pledges ‘leaner’ business, names new CFO

Alex Chriss, who took the top post in September, tapped a new finance chief Wednesday and pledged to better focus the digital payment company's strategy.

By Lynne Marek • Nov. 2, 2023

Fed holds main rate steady, flags option of future hike

The central bank kept the federal funds rate unchanged despite higher-than-forecast strength in hiring and economic growth.

By Jim Tyson • Nov. 1, 2023

Companies relying on foreign sales see Q3 earnings slump 4.7%

The dollar rose against other major currencies during the third quarter, eroding revenues at large companies such as Pfizer and Exxon Mobil, FactSet said.

By Jim Tyson • Oct. 31, 2023

Small businesses imperiled by credit crunch: Goldman

Federal Reserve officials begin meeting Tuesday to assess several crosscurrents in the economy as companies adjust to the highest borrowing costs in 22 years.

By Jim Tyson • Oct. 30, 2023

McDonald’s CFO: Traffic dips despite ‘trade down’ gains

The dip comes as Chicago-based McDonald’s has battled to offset rising costs by raising prices without alienating customers.

By Maura Webber Sadovi • Oct. 30, 2023

The changing face of clean energy and tax strategy

The Inflation Reduction Act has changed the tax landscape. CFO Dive spoke with Bellus Ventures and Thompson Coburn LLP to understand the steps that CFOs can take to stay ahead of the curve on clean energy investments.

Oct. 30, 2023

Weighing the benefits: Why more employers are transferring DB risk

Moving away from defined benefit plans as the primary retirement program doesn’t require terminating the plan outright.

Oct. 30, 2023

Consumers, inflation give hopeful Halloween retailers a dose of the scaries

Total Halloween spending is forecast to hit $12.2 billion this year, but rising wage and sugar costs are cutting into profits.

By Chris Gaetano • Oct. 27, 2023

Ensuring your separation agreements are OK as SEC steps up whistleblower protection

Even private companies could be hit if the agency believes contract language discourages, not just prohibits, employees from talking with federal agencies. 

By Robert Freedman • Oct. 27, 2023

What businesses can learn from the F-35B fighter jet failure

When planning complex projects, it’s important to focus on their core purposes without adding nonessential features, project management expert Dr. Te Wu writes.

By Dr. Te Wu • Oct. 26, 2023

Gensler says single platform of AI data may trigger financial turmoil

While recognizing the transformative power of AI, Gensler said the technology will likely prompt “herding” in financial markets, creating instability.

By Jim Tyson • Oct. 25, 2023

Risks to earnings put CFOs on defensive: AFP

Rising borrowing costs are straining balance sheets and complicating efforts by CFOs to refinance debt.

By Jim Tyson • Oct. 24, 2023

Amazon tests two-legged, mobile robots

Amazon has been ramping up its use of technology in operations for some time and now has over 750,000 robots. 

By Maura Webber Sadovi • Oct. 23, 2023

Fed warns of stability risk from $24T commercial real estate market

Prices for commercial properties slumped 3.9% from the second quarter of last year to Q2 2023, well below the 3.3% average annual growth beginning in 1997.

By Jim Tyson • Oct. 23, 2023

Same-day payments keep climbing: Nacha

Businesses are increasingly turning to same-day ACH payments this year, according to Nacha, a national clearinghouse that manages electronic money movement.

By Tatiana Walk-Morris • Oct. 23, 2023

5 ways to put real-time travel and expense data to use

With 71% of U.S. companies expecting a full recovery of their travel spend to pre-pandemic levels by the end of 2024 — and 68% of European companies expecting the same — now is the time to ensure travel and expense budgets and decisions are backed by data.

Oct. 23, 2023

Powell signals Fed likely to forgo rate hike on Nov. 1

After rapidly hiking rates to a 22-year high, policymakers aim to finely tune monetary policy and curb inflation to 2% without triggering a downturn. 

By Jim Tyson • Oct. 19, 2023

Consumers plan to sustain robust spending: Fed economists

Unexpectedly high consumer spending this year followed a 37% leap in household median wealth between 2019 and 2022, according to the Fed.

By Jim Tyson • Oct. 18, 2023