The Latest

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    Auto, manufacturing could be next in line for layoffs, IMA CFO says

    Between rising interest rates and global supply chain issues, the manufacturing and automobile industries may be next in line for workforce cuts.

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    Sitthiphong via Getty Images
    Sponsored by Center for Audit Quality

    The digital assets journey: what business leaders should know

    The market for digital assets continues to evolve and rapidly, and so it’s imperative that CFOs, management and the Board are educated and engaged on the topic so that they can be prepared to meet the latest risks and opportunities that these assets can bring.

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    ESG score hurts credit rating for 20% of organizations: Moody’s

    More than half of organizations that issue speculative-grade debt faced a negative impact on their credit rating after a sustainability assessment.

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    the-lightwriter via Getty Images

    Geopolitical tensions to continue shaping 2023 economy: S&P Global

    Unresolved global conflicts and likely recessions in several markets will shape economic policies in 2023, a survey said.

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    Michael M. Santiago/ via Getty Images

    SEC charges Goldman Sachs with ESG policy failures

    The Securities and Exchange Commission has pledged to crack down on companies involved in finance and other sectors that overstate their commitment to sustainability, or so-called greenwashing.

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    JJ Gouin via Getty Images

    Labor market tightness unaffected by unemployment uptick

    Labor market conditions likely remain untouched despite a recent rise in unemployment claims prior to the Thanksgiving holiday, with labor demand still outpacing supply.

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    Edilzon Gamez via Getty Images

    World Cup offers stage for payments tech

    While one card network giant has grabbed center stage at the World Cup event in Qatar, other payments companies have landed bit roles too.

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    Scott Barbour via Getty Images

    Labor market rebalancing will require job loss: Fitch

    The job openings rate will likely decline from the current rate of 6.5% to 5.2% by 2024, reducing job openings by 2.1 million, according to Fitch Ratings.

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    Khanchit+khirisutchaluai/Shutterstock.com

    ‘Inflation may have peaked’ as economy slumps: Fannie Mae

    The U.S. economy will likely shrink during this quarter and most of 2023 as the Federal Reserve cools demand and curbs inflation, Fannie Mae said.

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    iStock / Getty Images Plus via Getty Images

    CFO automation/AI Close-up: back to tech basics

    CFOs tasked with streamlining financial processes must understand the ins and outs of automation to be able to measure and apply the technology’s benefits.

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    The image by Marco Verch is licensed under CC BY 2.0

    Holiday clues appear in October retail sales

    Consumers will be relying on credit cards, their savings and heavy discounts in what is shaping up to be an uncertain season for retailers.

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    Congruex taps Lumen Tech alum as new CFO

    Lumen Technologies alum Neel Dev will become CFO as Andy Carlson moves to a newly created role focusing on M&A, Congruex announced.

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    Deep Dive

    CFO stressors: four cures for inflation fever

    CFOs have seized on ways to shield profits against the worst price pressures in nearly 40 years.

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    Mario Tama via Getty Images

    AICPA seeks to ease talent ‘crunch’

    The Registered Apprenticeship for Finance Business Partners Program aims to help CFOs by expanding the pool of talent available for long-term employment.

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    Suppliers get break from extended terms as tables turn

    The go-to cash management strategy of extending payment terms is running out of steam. Suppliers are taking back control.

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    franckreporter via Getty Images

    Lease abandonments trigger accounting questions

    Companies are wrestling with the accounting implications of shrinking their real estate footprints. It’s not as simple as moving out and moving on.

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    iStock via Getty Images

    Cloud firm Lacework taps new CFO, considers IPO

    Symantec and Oracle alum Andrew Casey will bring his industry expertise to the CFO role as Lacework prepares to go public.

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    Permission granted by Associated Builders and Contractors

    U.S. will ‘narrowly avoid recession’: Goldman Sachs

    The Federal Reserve will slow the pace of tightening next month and early next year but not cut the federal funds rate until Q2 2024, Goldman Sachs predicted.

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    Courtesy of KeyBank

    KeyBank taps chief strategy officer as next CFO

    Clark H.I. Khayat has guided the Cleveland-based lender through several niche acquisitions. He succeeds Don Kimble, who is set to retire May 1.

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    gorodenkoff via Getty Images

    Tech execs see growth opportunities in economic downturn: EY

    Half of executives in the technology sector see a potential recession as a time to implement growth strategies.

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    Alex Wong via Getty Images

    Companies boost 2023 salary budgets to 20-year high: WTW

    U.S. companies — reacting to persistent inflationary and labor market pressures — are ratcheting up the targeted average pay raise they expect to hand out next year to 4.6%. 

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    SEC: Big fines make violations more than a cost of doing business

    The Securities and Exchange Commission ramped up enforcement and extracted record fines in fiscal year 2022, a signal to companies that it wants to see a change in behavior.

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    sommart via Getty Images

    IMA CFO says scenario planning is constant ‘balancing act’

    CFOs need to keep an eye on inflation, but must also ensure they are continuing to prepare for scenarios and future trends down the line, IMA CFO Russ Porter advised.

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    Khanchit Khirsutchalual via Getty Images
    Opinion

    A holistic approach to ASC 740

    Calculating taxes owed is always a monumental task. A provision which guides how companies recognize income taxes is proving to be particularly challenging.

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    Paul Kane via Getty Images

    Scotts Miracle-Gro CFO gets $1.45M signing bonus

    A record number of initial public offerings last year reduced the supply of CFO talent, giving seasoned executives such as Matthew Garth leverage in job negotiations.

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    Jack Gao via Getty Images

    Graham’s new Leaf Group CFO eyes growth

    Ross Landsbaum left Therabody to take the CFO seat at Leaf Group, which has been vacant since June 2021.