The Latest

  • The Apple logo at the Fifth Avenue New York City Apple store.
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    Eric Thayer via Getty Images
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    August tech layoffs surpassed 26K, highest level since January

    Tech job cuts are continuing to pile up as industry leaders zero in on objectives such as freeing up capital to fund AI initiatives.

  • Shot of the SEC headquarters in Washington, DC
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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.

  • Rite Aid storefront.
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    Courtesy of Rite Aid
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    Rite Aid exits bankruptcy, promotes CFO to CEO

    Chief Financial Officer Matt Schroeder will take over the CEO post from restructuring officer Jeffrey Stein.

  • A person sweating and wearing protective goggles, gloves and orange vest in a factory.
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    coffeekai for iStock via Getty Images
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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.

  • A firefighting helicopter drops water over a wildfire in Los Olivos, California on July 6.
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    Mario Tama via Getty Images
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    ESG controllers: The newest finance hires

    Depending on the company’s structure, the specialized controllers often report to the corporate controller or the CFO, Deloitte’s Kristen Sullivan said. 

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    Creative via Getty Images
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    Paysafe taps FIS alum for CFO amid growth pivot

    The iGaming payments platform is looking to expand on its “robust” performance in the first half of the year with the appointment of new financial leadership.

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    Tero Vesalainen via Getty Images
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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.

  • budgets technology tech spending legal
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    Jirapong Manustrong via Getty Images
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    Opinion

    Developing a winning tech strategy for your organization

    Business leaders must embrace team cross-functionality if they want their tech strategy to succeed, Deloitte’s Frank D’Amelio and John Marcante write.

  • Header image for "Tyson CFO Arrested, Reviving Critics’ Concerns Over Inexperience, Conflict of Interest"
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    CFO Editorial Staff
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    Tyson Foods appoints new CFO, replacing troubled scion

    John R. Tyson was suspended in June following his second drunk driving incident since taking the executive role in 2022.

  • Close up of accountant doing paperwork
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    Worawee Meepian via Getty Images
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    CPAs eyeing the CFO seat must hone tech, ‘soft’ skills: PICPA

    Emotional intelligence is a key skill CPAs aspiring to be finance chiefs need, PICPA’s Jen Cryder said. Its importance is sometimes overlooked. 

  • CISA, cybersecurity, agency
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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.

  • Dollar General store California
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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.

  • Donald J. Trump
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    Michael M. Santiago via Getty Images
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    Trump case sparks request for FASB accounting rule revamp

    Daniel Tinkelman, a professor of accounting at Brooklyn College of the City University of New York, is asking the FASB to revise and clarify the GAAP rules. 

  • Shot of a person typing on a laptop
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    Sitthiphong via Getty Images
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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.

  • Salesforce logo
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    Stephen Lam via Getty Images
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    Salesforce CFO to exit post after successor is picked

    Amy Weaver is also expected to become a special adviser to the CEO once she steps down as the company’s finance chief.

  • annual reports
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    peepo via Getty Images
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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.

  • 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.

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    Christopher Furlong via Getty Images
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    Cannabis firm Ascend terminates CFO, CEO amid refinancing push

    Ascend is the third large cannabis company to see its CEO out the door this month.

  • Aerial view of Bitcoin mining facility.
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    Courtesy of TeraWulf
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    Bitcoin miner TeraWulf CFO targets AI-driven data centers

    The Maryland-based bitcoin miner is pivoting to tap its power infrastructure to serve high-performance data centers that companies need to run AI systems.

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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.

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    opolja via Getty Images
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    CFOs edge out, merge with COOs

    The CFO’s role has blended with that of a chief operating officer’s typical responsibilities, Trintech CEO Darren Heffernan said.

  • The Apple logo at the Fifth Avenue New York City Apple store.
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    Eric Thayer via Getty Images
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    Apple taps insider to succeed longtime CFO Luca Maestri

    The Cupertino, California-based tech giant said Kevan Parekh — its VP of financial planning and analysis — would become CFO as part of a “planned succession.”

    Updated Aug. 27, 2024
  • an office employee adding paper to a printer
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    smolaw11 via Getty Images
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    What’s keeping businesses from a paperless future?

    Printers are still alive and well across finance, healthcare and legal services, industries that rely heavily on hard copies thanks to legal requirements and customer expectations.

  • Businessman working in office using calculator and laptop.
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    lovelyday12 via Getty Images
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    Opinion

    Don’t over-budget for digital transformation in 2025

    Every transformation should include a robust and detailed business case with defensible and realistic numbers, writes ISG’s Jon Lightman.  

  • Ruth Porat, Google
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    Noam Galai via Getty Images
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    External CFO hires hit 10-year high

    The uptick in companies looking outside their ranks for finance chiefs suggests a lack of succession planning, Crist Kolder's Josh Crist said.