The Latest

  • Donald Trump in front of American flag
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    Spencer Platt via Getty Images
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    Judge orders Trump Organization to pay $364M in long-awaited civil fraud ruling

    Judge Engoron also permanently banned the organization’s ex-CFO and ex-controller from serving in the financial control function of any New York corporation.

  • Donald Trump and Alina Habba speaking after trial
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    Spencer Platt via Getty Images
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    Imminent Trump civil fraud ruling could spur due diligence reckoning

    The anticipated ruling could serve as warning to executives at companies run by dominant personalities to do their own due diligence on financial matters, Hofstra's Jack Castonguay said.

  • KamiPhotos
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    KamiPhotos via Getty Images
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    Former NJ law firm CFO charged in $1.5M embezzlement scheme

    The ex-finance chief had his law firm pay $355,256 in credit card ex-expenses for himself and his family, the New Jersey Attorney General alleges.

  • The Wall Street sign in the Financial District of Lower Manhattan in New York City.
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    hapabapa via Getty Images
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    Investors rank securing talent as top corporate priority in 2024: EY

    Corporate directors and investors differ when identifying the biggest issues this year, with directors focusing more on the economy and capital allocation, EY said. 

  • IRS Commissioner Daniel Werfel.
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    Alex Wong via Getty Images
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    Werfel defends IRS against Republican efforts to slash funding

    Before the approval of $80 billion in extra funding in 2022, the Internal Revenue Services fielded just one examiner for every 150 of the largest tax filers, IRS Commissioner Daniel Werfel said.

  • Businessman shaking hands with AI
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    jittawit.21 via Getty Images
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    IT, finance must take point on strategy in AI age: OneStream

    The more AI filters into business processes, the tighter the relationship between finance and IT needs to be, OneStream’s Pam McIntyre said.  

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    Ekin Kizilkaya via Getty Images
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    Ex-Zoom finance exec lands at fraud detector Forter

    Forter’s new CFO, Anthony Barsoom, is replacing Aaron Barfoot, who exited to become finance chief of a rival company.

  • Boeing CFO expects 2H24 production resurgence, cites ‘uncertain moment’

    The aerospace company is grappling with the implications of last month’s midair door plug blowout that shocked travelers and sparked an FAA audit.

  • Lyft sign seen outside JFK airport
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    Michael M. Santiago via Getty Images
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    Lyft shares rise 35% after earnings report typo sparks confusion

    An “extra zero” added to a press release sent Lyft stock soaring. It subsided after clarification of the number but still closed at a 52-week high.

  • Krispy Kreme doughnuts
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    Scott Olson via Getty Images
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    Krispy Kreme faces double-digit inflation in some costs: CFO

    The company is grappling with soaring sugar prices as the fight to keep inflation down remains an ongoing challenge for the Federal Reserve.

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    Savushkin via Getty Images
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    Want a remote accounting or finance gig? It could be your lucky year.

    The accounting and finance job category rose to take second place in FlexJobs’ 2024 ranking of the strongest fields for work-from-home roles.

  • An employee gets into his car after arriving to work to a shuttered Silicon Valley Bank (SVB) headquarters in Santa Clara, California.
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    Justin Sullivan via Getty Images
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    IRS sues FDIC to get $1.45B in SVB back taxes

    The amount covers corporate income and employment taxes due between 2020 and 2023, but is an estimate because a review of the tax returns is ongoing, the IRS said. The FDIC has denied SVB’s entire tax claim.

  • Header image for "Whipping Inflation May Require Chancing a Recession"
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    Getty Images via Getty Images
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    Inflation edges up, pushing back forecast of first Fed rate cut

    Futures traders now see a 52% probability that policymakers in June will cut the federal funds rate from its current peak level between 5.25% and 5.5%.

  • Green sign showing AAA bond rating.
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    mbbirdy via Getty Images
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    Moody’s picks SAP, PwC vet for CFO

    Noémie Heuland, a CPA with SaaS experience, will become the global risk assessment firm's finance chief in April.

  • Glasses, coding and reflection with business man reading software development analytics, database and system error report for information technology.
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    Kobus Louw via Getty Images
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    CFOs harbor data quality worries ahead of AI push

    Adding bad data to sexier AI models simply means CFOs will get “bad analytics faster,” BlackLine’s Michael Polaha says.

  • Header image for "Capital Budgets Fall to 13% of IT Spending"
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    Getty Images via Getty Images
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    AI dominates CFOs’ 2024 budget hike plans

    The vast majority (90%) of finance leaders are projecting higher AI budgets in the coming year, with none planning a reduction, Gartner found.

  • Computer keyboard with SaaS key on it.
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    mfto via Getty Images
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    Renamed FinQuery tackles CFOs’ SaaS pain points

    The rebranding follows the acquisition of SaaS management startup Stackshine by LeaseQuery, now FinQuery, last August.

  • A photo of the Hewlett Packard Enterprise Houston campus
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    Courtesy of Hewlett Packard Enterprse
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    HPE seeks to recoup $4B in long-running fraud case

    Hewlett Packard Enterprise attorneys want the founder and ex-CFO of Autonomy to pay for the steep losses HPE faced after acquiring their firm.

  • Shot of PayPal headquarters
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    Justin Sullivan via Getty Images
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    PayPal’s Rabinovitch heads to Worldpay CFO seat

    Worldpay will lean on PayPal alum Gabrielle Rabinovitch’s finance chops to help it navigate life as an independent company during a rocky time for the payments space.

  • white collar crime
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    FangXiaNuo via Getty Images
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    Auditors should follow tougher standards for identifying fraud: IAASB

    A proposal for stricter rules by the global standard setter for corporate audits follows what it says is a rash in fraud cases in recent years.

  • PayPal building in San Jose
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    Justin Sullivan via Getty Images
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    PayPal cost-cutting likely to persist

    The digital payments pioneer’s expense reductions may take years to benefit the company’s bottom line as management resets the business strategy.

  • MIT
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    William B. Plowman via Getty Images
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    Minority CPAs drop 26% after 150-hour rule: MIT

    Proponents of the more onerous rule say it raises the quality of accounting services. The study’s authors found “scant evidence.”

  • Businessman looking at city through office window
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    baona via Getty Images
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    CEO optimism hits two-year high as inflation cools: Conference Board

    More than one out of three top executives believe the economic outlook will brighten during the next six months, according to a Conference Board and Business Council survey.

  • Enerpac hydraulic lift
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    Courtesy of Enerpac
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    Enerpac Tool appoints interim finance chief

    The Menomonee Falls, Wisconsin-based industrial tool maker appointed its head of financial planning to the interim CFO position. 

  • US capitol building
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    Jemal Countess via Getty Images
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    R&D tax rollback proposal leaves CFOs ‘on edge’

    Many businesses applauded when a tax package with the key R&D provision sailed through the U.S. House. Now they’re waiting for the Senate to act.