The Latest
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'Gray-zone aggression' may make some business uninsurable: AEI
CFOs face growing difficulty in curbing risk as geopolitical tensions rise and hostile governments harm global companies with headquarters in rival nations.
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Chicago woos out-of-state execs with post-Roe letters
Chicago economic development officials, often forced to fend off concerns around crime and high taxes, quickly launched an offense touting its advantages to business, executives and their employees in a post-Roe world.
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Excel skills remain top of list for FP&A roles: report
Advanced use of Excel is still required for the majority of FP&A jobs, with nine out of 10 top U.S. companies still seeking out Excel proficiency when filling financial analysis roles, DataRails finds.
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Cutting commodities as inflation hedge now 'team sport': Chatham
Companies are moving to reduce their commodities exposure to hedge against spiking inflation and recession fears, but doing so successfully means thinking about this as a “team sport,” Amol Dhargalkar, chairman of the board for Chatham Financial, said.
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IPOs worldwide plunged 46% during first half 2022: EY
Many CFOs have held off on IPOs this year as high inflation, a pullback in monetary stimulus and sanctions following Russia’s invasion of Ukraine roiled equity markets.
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Investors nudged FASB to crypto, carbon credits: report
The U.S. accounting standard setter drew a three-fold jump in investor feedback after launching an initiative in 2020 to get more input on where it should focus its efforts.
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Dobbs decision will cause worker retention challenges for CFOs
The overturning of Roe v. Wade will likely lead to sweeping logistical and worker retention challenges for CFOs and employers operating across state lines, experts say.
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Fed inflation fight 'highly likely to involve some pain': Powell
Powell committed the Fed to hitting its 2% inflation target as rising prices undermined consumer expectations and increased the odds of a recession.
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CFO, business optimism hits 12-year low: JPMorgan
In spite of the “drastic” decline in business leader optimism, JPMorgan’s Ginger Chambless doesn’t expect companies to make “material” capital spending cuts this year.
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SEC fines EY $100M for ethics exam cheating
The SEC penalty against EY follows a $50 million fine against KPMG in 2019 for cheating on internal training exams.
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Fundbox CFO: Shifting product strategies could help SMBs curb inflation
Smaller businesses must reconsider their product strategy to meet inflation challenges, Fundbox CFO Marten Abrahamsen said.
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Dollar Tree's CFO to depart in C-suite shakeout
Gone or nearly gone following an activist revolt are the discounter’s chief financial, operating, information, strategy and legal officers.
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SPAC backing Trump issued grand jury subpoenas, shares plunge
Federal investigations of Trump’s attempted SPAC deal may set back his plan to build a social media channel and bounce back from his Twitter ban.
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EU global minimum tax plan hits Hungarian road 'bump'
Hungary’s eleventh hour opposition included concerns about the war in Ukraine and fears about being a first mover on the Pillar Two rules, according to a PwC report.
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McDonald's international president to take on CFO role
Ian Borden, a 28-year veteran of the firm, will take on the role of CFO for McDonald's beginning Sept. 1 as the fast-food chain shuffles top executives.
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With Roe overturned, employers eye changes to abortion-access benefits
With politics increasingly becoming a workplace issue, employers and C-suite executives have had to navigate how and when to make statements and changes to benefits.
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Technology literacy is key for candidates aspiring to the CFO seat
Fostering greater technological literacy and taking on the responsibility of growing and enhancing their organization’s data utilization could be one way future CFO candidates differentiate themselves from the pack come hiring.
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FASB preps to revamp 'outdated' accounting for software
FASB’s latest move comes as the typically slow-moving U.S. standard-setter has been on something of a tear lately, grappling with hot-button issues including cryptocurrency and goodwill.
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Businesses nudged to decentralize cybersecurity leadership
The push to enable employees to make informed security decisions comes amid an increase in the rate and severity of cyberattacks.
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Successful AI deployment relies on finding key talent: Gartner
CFOs should implement four key behaviors to drive AI in finance out of its infancy and see quicker returns, according to Gartner.
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Predictable spend can flip view of legal as cost center
Every CFO's in-house legal team has matters with well-defined outlays. The department should aim to realize those easy wins to show control is within reach, a budget specialist says.
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PCAOB strengthens requirements for lead auditors
The new requirements come as many companies have expanded their operations globally, leading to an increase in audits executed by multiple accounting firms.
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Carlsberg CFO to depart for private equity-backed firm
International brewer Carlsberg CFO Heine Dalsgaard will step down from his role to take on another CFO position at an undisclosed private equity-backed firm.
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Cosmopolitan CFO jumps to SeaWorld financial helm
Michelle F. Adams, formerly CFO of The Cosmopolitan of Las Vegas, will take the financial helm for theme park and entertainment firm SeaWorld.
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Just one in three CFOs have appetite for more risk: Deloitte
Finance chiefs in the technology, financial services, and manufacturing industries were the least inclined to take on more risk, according to the Deloitte survey.