Strategy & Operations: Page 2
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"Royal Bank of Canada's global headquarters at 200 Bay Street in Toronto, Canada" by Francisco Diez is licensed under CC BY 2.0
RBC’s ousted CFO lands at Canaccord
In April the Royal Bank of Canada fired its then CFO Nadine Ahn, citing an “undisclosed personal relationship” that violated its code of conduct. Ahn subsequently sued RBC for wrongful dismissal.
By Maura Webber Sadovi • Oct. 10, 2024 -
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AI adoption among CFO teams is ‘just starting to ramp up’
The research comes as enterprises are seeing an explosion of AI-powered software tools designed to streamline workflows.
By Alexei Alexis • Oct. 10, 2024 -
Explore the Trendline➔
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TrendlineCompensation: 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 delays some M&A deals: report
Dealmakers are grappling with uncertainties around upcoming elections in the U.S. and elsewhere, a Datasite survey found.
By Alexei Alexis • Oct. 9, 2024 -
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KPMG backs 120-credit hour alternative CPA licensure option
Paul Knopp, KPMG U.S. Chair and CEO, called the deepening accounting talent shortage “a brewing crisis” that needs to be addressed in the “near term.”
By Maura Webber Sadovi • Oct. 9, 2024 -
Photo illustration: Industry Dive; Joe Readle/Getty Images; Brandon Bell/Getty Images
C-suites say both Trump and Harris would hurt U.S. competitiveness: PwC
The hard-to-predict outcome from the Nov. 5 election has compelled CFOs to scale back business expectations and forgo investment, recent surveys show.
By Jim Tyson • Oct. 9, 2024 -
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AICPA moves to amend financial statement standard
As companies are increasingly outsourcing accounting, the AICPA is looking to amend the standard for financial statements prepared by an external entity.
By Maura Webber Sadovi • Oct. 8, 2024 -
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Small business uncertainty hits record high: NFIB
High borrowing costs, a major cause of uncertainty, show no signs of easing even though the Federal Reserve last month cut the main interest rate by a half percentage point.
By Jim Tyson • Oct. 8, 2024 -
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Corporate boards, C-suite teams urged to step up tech focus
The current tech landscape “now demands that businesses reinvent themselves to remain competitive,” according to a report by the National Association of Corporate Directors.
By Alexei Alexis • Oct. 8, 2024 -
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CFO compensation at recent IPO companies hits $1.2M average
Setting executive compensation has become more complex for companies considering an IPO because of regulatory, legal and other factors, Alvarez & Marsal said.
By Jim Tyson • Oct. 7, 2024 -
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Companies signal pullback on Israel-Gaza philanthropy: Conference Board
As the conflict enters its second year, some companies will likely wind down funding commitments amid concern about backlash to corporate policies, the Conference Board’s Andrew Jones said.
By Maura Webber Sadovi • Oct. 7, 2024 -
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Sponsored by ProtivitiAI investments require the CFO’s expertise – and vice versa
AI aids CFOs' top goals, with 1 in 3 finance firms using it for automation and forecasting.
By Chris Wright, Managing Director Global Leader, Business Performance Improvement Practice • Oct. 7, 2024 -
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Inflation, interest rates continue to drive big business bankruptcies
The services, manufacturing, finance and real estate sectors are among the industries experiencing higher levels of financial distress, according to Cornerstone.
By Maura Webber Sadovi • Oct. 4, 2024 -
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What must-have AI skills do finance execs need? First, dig in.
CFOs don’t need to code AI themselves, but they do need to try it out and learn how it can be applied to their individual situations, consultants say.
By Chris Gaetano • Oct. 4, 2024 -
Jonathan Drake/Reuters
Hurricane Helene aftermath prompts card, cash troubles
After the storm ripped through the southeastern U.S., consumers and merchants have been left grappling with card network outages and cash shortages.
By Lynne Marek • Oct. 4, 2024 -
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Generative AI hits 28% usage rate, spreads throughout US workplace: NBER
By March generative AI’s most common tools had been accessed more than 3 billion times by hundreds of millions of users every month.
By Jim Tyson • Oct. 3, 2024 -
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AICPA, NASBA draft new CPA rules for states to model
The proposed update to the Uniform Accountancy Act is a key step toward opening a path to CPA licensure that requires fewer college credits.
By Maura Webber Sadovi • Oct. 3, 2024 -
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US corporate commitment to diversity in decline, McKinsey says
“Progress is surprisingly fragile, especially for women of color, who continue to be underrepresented at every level” of the corporate hierarchy, McKinsey said.
By Jim Tyson • Oct. 2, 2024 -
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Deloitte teams up with contract data analytics firm Pramata
Pramata’s focus on protecting clients from generative AI “hallucinations” was a key reason it was selected to become a Deloitte partner.
By Alexei Alexis • Oct. 2, 2024 -
Courtesy of Affirm
Affirm may offer discounts after Fed interest rate cut
The Federal Reserve’s interest rate reduction may give the company leeway to offer more consumers 0% interest or a lower APR, Affirm CFO Michael Linford said this week.
By Patrick Cooley • Oct. 2, 2024 -
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Zoom picks Microsoft vet for CFO
Michelle Chang will take the video conference provider’s financial reins as the company pushes to advance its AI-first work platform.
By Maura Webber Sadovi • Oct. 1, 2024 -
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Fed’s Cook says ‘impressive’ AI innovation has yet to lift productivity
Cook highlighted the long-term potential of artificial intelligence to spur economic growth, lift wages and ease price pressures.
By Jim Tyson • Oct. 1, 2024 -
The image by Coolcaesar is licensed under CC BY-SA 4.0
Workday takes on Microsoft in race to transform corporate finance
The recent introduction of Workday Assistant, an AI companion, follows the release of Microsoft’s Copilot for Finance earlier this year.
By Alexei Alexis • Oct. 1, 2024 -
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Powell says Fed policymakers not ‘in a hurry’ to cut interest rates
“We’re recalibrating policy to maintain the strength in the economy, not because of weakness in the economy,” Federal Reserve Chair Jerome Powell said.
By Jim Tyson • Sept. 30, 2024 -
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A look at 7 Supreme Court cases Big Business will be watching
The court’s term begins Oct. 7 with a docket that involves corporate securities, labor, RICO and environmental questions.
By Justin Bachman • Sept. 30, 2024 -
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Sponsored by Thomson ReutersEvolving CFO roles and the impact on corporate tax departments
The transformation of the CFO role is reshaping corporate tax departments, driving them towards greater strategic involvement, technological adoption and enhanced compliance.
Sept. 30, 2024
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