The Latest

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  KPMG backs 120-credit hour alternative CPA licensure option

  Paul Knopp, KPMG U.S. Chair and CEO, called the deepening accounting talent shortage “a brewing crisis” that needs to be addressed in the “near term.”

  Strategy & Operations

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  Tinder parent Match promotes SVP to CFO

  Match alum Steven Bailey will step into the company’s CFO seat as it fields demands from activist investors for change, including calls for a potential sale.

  Financial Reporting

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  Small business uncertainty hits record high: NFIB

  High borrowing costs, a major cause of uncertainty, show no signs of easing even though the Federal Reserve last month cut the main interest rate by a half percentage point.

  Strategy & Operations

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  AICPA moves to amend financial statement standard

  As companies are increasingly outsourcing accounting, the AICPA is looking to amend the standard for financial statements prepared by an external entity.

  Strategy & Operations

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  Corporate boards, C-suite teams urged to step up tech focus

  The current tech landscape “now demands that businesses reinvent themselves to remain competitive,” according to a report by the National Association of Corporate Directors.

  Strategy & Operations

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  Opinion

  4 ways tech can help CFOs navigate a tricky ESG landscape

  This year has marked the beginning of a groundswell of enhanced, regulated reporting on sustainability and climate data, writes Persefoni’s Emily Pierce.

  Compliance

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  Companies signal pullback on Israel-Gaza philanthropy: Conference Board

  As the conflict enters its second year, some companies will likely wind down funding commitments amid concern about backlash to corporate policies, the Conference Board’s Andrew Jones said.

  Strategy & Operations

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  CFO compensation at recent IPO companies hits $1.2M average

  Setting executive compensation has become more complex for companies considering an IPO because of regulatory, legal and other factors, Alvarez & Marsal said.

  Strategy & Operations

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  New Salesloft CFO keeps eye on finance ‘fundamentals’

  Though economic headwinds could accelerate a CFO’s shift to become a strategic leader, “business fundamentals” stay the same regardless, said Salesloft CFO Chris Nagy.

  Financial Reporting

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  Inflation, interest rates continue to drive big business bankruptcies

  The services, manufacturing, finance and real estate sectors are among the industries experiencing higher levels of financial distress, according to Cornerstone.

  Strategy & Operations

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  Jack in the Box controller takes third spin as interim CFO

  For her third go-round as interim CFO, Jack in the Box controller Dawn Hooper will see a $19,500 monthly boost to her annual salary, the company said.

  Financial Reporting

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  What must-have AI skills do finance execs need? First, dig in.

  CFOs don’t need to code AI themselves, but they do need to try it out and learn how it can be applied to their individual situations, consultants say.

  Strategy & Operations

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  Hurricane Helene aftermath prompts card, cash troubles

  After the storm ripped through the southeastern U.S., consumers and merchants have been left grappling with card network outages and cash shortages.

  Strategy & Operations

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  Generative AI hits 28% usage rate, spreads throughout US workplace: NBER

  By March generative AI’s most common tools had been accessed more than 3 billion times by hundreds of millions of users every month.

  Strategy & Operations

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  AICPA, NASBA draft new CPA rules for states to model

  The proposed update to the Uniform Accountancy Act is a key step toward opening a path to CPA licensure that requires fewer college credits.

  Strategy & Operations

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  OpenAI boosts valuation with $6.6B funding round

  The move comes amid speculation that OpenAI may be considering an initial public offering and as its CFO has been actively touting the company’s strategy. 

  Technology

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  US corporate commitment to diversity in decline, McKinsey says

  “Progress is surprisingly fragile, especially for women of color, who continue to be underrepresented at every level” of the corporate hierarchy, McKinsey said.

  Strategy & Operations

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  Online housing platform Opendoor brings in Google, eBay alum for CFO

  Selim Freiha will take Opendoor’s financial reins as it weathers headwinds in a “challenging” housing market.

  Financial Reporting

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  Deloitte teams up with contract data analytics firm Pramata

  Pramata’s focus on protecting clients from generative AI “hallucinations” was a key reason it was selected to become a Deloitte partner.

  Strategy & Operations

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  Affirm may offer discounts after Fed interest rate cut

  The Federal Reserve’s interest rate reduction may give the company leeway to offer more consumers 0% interest or a lower APR, Affirm CFO Michael Linford said this week.

  Strategy & Operations

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  2025 financial conference roundup

  As CFOs prepare for new challenges in 2025, connecting with like-minded executives at upcoming financial conferences can help them to craft effective strategies.

  Technology

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  Zoom picks Microsoft vet for CFO

  Michelle Chang will take the video conference provider’s financial reins as the company pushes to advance its AI-first work platform.

  Strategy & Operations

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  Fed’s Cook says ‘impressive’ AI innovation has yet to lift productivity

  Cook highlighted the long-term potential of artificial intelligence to spur economic growth, lift wages and ease price pressures.

  Strategy & Operations

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  3 CFOs gauge rate cut’s impact

  The Fed’s rate cut has handed floating-rate debt borrowers an immediate tailwind but CFOs are still grappling with new strategies that the move could elevate. 

  Financial Reporting

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  Huawei CFO takes second stint as chair amid reported ByteDance team-up

  The long-time CFO will step in to lead Huawei’s board as the telecom firm looks to supplant Nvidia as the premier AI chip provider in China.

  Technology

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