The Latest

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    Finance staff digital skills outstrip leadership: study

    As AI and automation continue to advance, the digital skills of finance staffs are outstripping those of senior executives — leading to challenges managing and engaging skilled talent.

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    Alex Wong via Getty Images

    Business spending outlook ‘deteriorated’: Fed CFO survey

    CFOs were planning to reduce expenditures before turmoil in the banking system threatened to provoke a credit tightening.

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    NicoElNino via Getty Images

    FASB maps ‘one-stop shop’ expense disclosure proposal

    The proposed expense disclosures could be costly for companies. The FASB has been considering the more stringent standards for at least two decades.

  • Ex-CFO convicted of tax evasion, hiding offshore accounts

    The ex-CFO of a Russian natural gas company was found guilty of concealing his ownership of more than $93 million in offshore assets and failing to file and pay income taxes for several years.

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    Andrew Burton / Staff via Getty Images

    Alibaba to split into six groups, chases IPOs

    The Chinese e-commerce giant will split into six separate groups in a move that follows declining tech valuations and a regulatory crackdown on the country’s tech sector.

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    Viorika via Getty Images

    CFO churn persists with FleetCor, Corcentric

    Payments companies FleetCor and Corcentric are the latest to name new CFOs as churn in the industry continues.

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    Stock photo via Getty Images

    PCAOB proposes updated standards, faster audit filing

    The audit watchdog aims to update and unify interim standards created 20 years ago, aligning its rules with new independence requirements and advances in technology.

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    Courtesy of Nikola

    Embattled EV maker Nikola promotes insider to CFO

    The EV maker’s CFO is stepping down following managerial turmoil in recent years.

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    Galeanu Mihai via Getty Images

    Finance leaders tap tech for efficiency boost: study

    Automating routine finance processes can help CFOs add more efficiency while freeing up focus for new projects.

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    Khosrork via Getty Images

    Bank failures could cause SMB credit crunch

    “The current banking crisis could directly lead to a small business crisis if they are not able to quickly access the capital they need to sustain and expand their operations,” Biz2Credit’s CEO said.

  • Ransomware virus has encrypted data. Attacker is offering key to unlock encrypted data for money.
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    vchal via Getty Images

    Experts warn against ransomware complacency

    Despite reports of fewer ransomware-related cyber insurance claims and decelerating premiums in 2022, experts say the threat is still serious and evolving.

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    ipuwadol via Getty Images

    Datarails aims for ‘grounded’ ChatGPT-like FP&A tool

    The tech company’s goal is to provide CFOs with a tool in the style of the popular ChatGPT service, but without some of the same accuracy and data privacy challenges.

  • Federal Trade Commission Chair Lina Khan listens as U.S. President Joe Biden delivers remarks on the economy in the Eisenhower Executive Office Building on October 26, 2022 in Washington, DC.
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    Anna Moneymaker via Getty Images

    FTC opens inquiry into cloud market competition, security

    As consolidation among so-called hyperscalers such as AWS, Google Cloud and Microsoft Azure grows, federal authorities are raising concerns over cloud dependence in critical sectors.

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    29mokara via Getty Images

    CIOs grapple with the fallout from rush to cloud: uncontrolled costs

    Executives are coming to grips with the result of decentralized decisions, and leaning on FinOps to curb usage and spend, according to KPMG’s Will DeMille.

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    William Potter via Getty Images

    FASB issues lease standards update

    The changes to lease accounting standards (Topic 842) provide narrowly targeted relief for some companies grappling with the guidance from 2016.

  • Image of magnifying glass and the word audit beneath it.
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    Olivier Le Moal via Getty Images

    Talent shortage frustrates internal auditors

    As AI swiftly extends the finance function’s potential for efficiency, audit leaders are concerned about the lack of skilled workers to support new advancements.

  • U.S. economy contracted for second consecutive quarter
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    Baris-Ozer via Getty Images

    Banking turmoil may trigger recession: Fannie Mae

    Small- and mid-size banks will likely tighten credit in the coming months, increasing the odds of a downturn this year, economists said.

  • Car pulling out of garage under banner with Hertz logo
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    Cindy Ord via Getty Images

    Hertz CAO takes interim CFO seat

    Hertz’s CAO will assume interim financial leadership as the company looks to take advantage of recovering travel and boost its technology investments.

  • Climate change shareholder proposals trending toward record

    Debate has flared in recent months over whether businesses and institutional investors should use ESG criteria when making decisions.

  • Ally Financial, NYSE facade
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    Courtesy of Ally Financial

    Ally Financial taps Goldman vet for CFO seat

    Ally’s current finance chief, who has been serving on an interim basis since October, will return to his full-time role as corporate treasurer once the newly-appointed CFO arrives in July, the company said.

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    MicroStockHub via Getty Images

    CFOs key to shaping digitization efforts: study

    With technology teams overloaded, the discerning CFO’s hand is crucial to shaping company digitization efforts.

  • Barista at Luckin Coffee shop.
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    Getty Images via Getty Images

    Luckin Coffee’s ‘revenue reckoning’ takeaways

    The Beijing-based company was initially viewed as a kind of David poised on its home turf to take on the Goliath of the coffee world — Starbucks — in China.

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    Urupong via Getty Images

    Diversity of thought sharpens finance strategies, TS Imagine CFO says

    Women need to be the ‘yardstick for excellence’ and advocate for themselves as they look to take leadership positions, TS Imagine CFO Kate Peachway says.

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    fizkes via Getty Images

    Hindsight 2020: An unlikely road to Snowflake’s CFO seat

    From a travel excursion to Italy to uncovering massive fraud, Mike Scarpelli had his fair share of challenges on his way to the CFO seat.

  • Papers about ESG Environmental, Social and Corporate Governance and notepad.
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    designer491 via Getty Images

    ESG poised to gain traction as CFO priority: Gartner

    Many organizations are shifting away from a purely “risk management” approach to ESG and are viewing it as a way to attract customers, investors and talent — a trend that will only increase in coming years, according to Gartner.