The Latest
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Tailored Brands hires Neiman Marcus vet for CFO spot
Brandy Richardson, former financial chief for the luxury department store, joins another company trying to move on from a bankruptcy last year.
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Courtesy of Express via Businesswire
Express CFO exits
COO Matthew Moellering, who once served as the retailer's interim CEO, will become the acting chief financial officer following Perry Pericleous' departure.
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More lawsuits a likely result of SEC shift on no-admit, no-deny settlements
By requiring more companies and officers to admit guilt to settle charges, the Securities and Exchange Commission is courting confrontation.
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Flaws persist in audits of U.S. companies: PCAOB
“We continue to identify a number of deficiencies that recur from year to year,” the U.S. audit watchdog said in a report.
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'Programmatic' M&A strategy pays off the most: McKinsey
“Carefully choreographing a series of deals around a specific business case or M&A theme” generates the highest return for shareholders at the lowest risk, McKinsey said.
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Risk management called best guide for creating subsidiaries
Know whether you’re trying to solve a tax, intellectual property or other type of problem before committing resources to an entity in another country, say finance and legal specialists.
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SEC dusts off 2015 rule requiring clawbacks for financial restatements
If it takes effect, executives would have to give back bonuses and other forms of equity-based compensation that was tied to numbers reported in error.
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Boards facing regulatory scrutiny intensify focus on ESG
Corporate directors are waking up to the need to weave sustainability best practices into business strategy, surveys show.
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CFO has tall order as he joins troubled truckmaker
Adam Kroll must help Lordstown Motors build trust after the electric-vehicle startup allegedly gave misleading information about the demand for its first product.
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Fed-backed panel of companies urges quicker pace to LIBOR phaseout
A group of financial services companies echoed recent regulatory warnings about market instability and called for more robust efforts to wind down LIBOR before a Dec. 31 deadline.
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Waseem Farooq. (2018). "Business meeting" [Photo]. Retrieved from pxhere.
OpinionInvestment narrative should be high on CFO to-do list as company goes public
Sophisticated investors won't wait around for a newly public company to build the communication discipline needed to thrive while operating in the spotlight.
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Ill-timed 409A valuations said to risk hurting company talent hunts
Getting the share price valued before it’s needed can lead to over-pricing, which can make employees’ deferred compensation too expensive to access.
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Small business optimism falls amid inflation, labor shortage
Small businesses are responding to a tight labor market with plans to raise compensation during the next three months, the National Federation of Independent Business said.
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Half of CFOs plan to assess digital currencies for business: Gartner
“Sentiment towards digital currencies appears to be improving among finance leaders,” a Gartner researcher said.
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Automation called key to improved AP compliance
The less opportunity for human intervention, the more likely a company’s accounts payable processing will align with internal fraud-prevention guidelines.
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15% minimum global corporate tax faces obstacles: Tax Foundation
The Treasury pushed hard to gain approval from other countries for a 15% minimum global corporate tax, yet passage by Congress is far from guaranteed.
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Numeral '4' called key to SEC spotting EPS manipulation
The prevalence of the number serves as a proxy for whether companies are improperly rounding up their earnings ratio.
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Labor shortage will ease amid vaccinations, reopenings: Fitch
Although CFOs currently face a tight labor market, a large pool of available workers will likely begin seeking employment as vaccination rates rise and the delta variant recedes.
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CFOs and the maturing SaaS space
Finance leaders must think through the implications of changing pricing models, high investor interest and robust capitalization options, specialists say.
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The enduring significance of the strategic partner CFO
Now more than ever, McKinsey's new global survey finds, finance leaders using their unique position and capabilities is key for driving the company forward.
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CFOs might find PCAOB evidence-quality guide a useful auditor check
An opinion that’s supported by irrelevant or unreliable data might inaccurately capture company performance.
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Data helped CircleCI CFO make switch from subscription to usage pricing
Chitra Balasubramanian’s background interpreting data patterns helped her forecast the impact a new model would have on the software company.
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60% of organizations experienced wage inflation in 2Q21: Gartner
The survey, conducted among 111 global CFOs in July, found 74% of finance leaders to be concerned with input price inflation’s impact on their companies’ profitability.
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Companies expect surge in health care costs in 2022
Employees will probably step up their use of medical services after postponing routine care during the worst of the pandemic, says Willis Towers Watson.
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Accounting changes said to be timed to influence earnings
Changes in accounting estimates (CAEs) are plugged in when they’re needed to give earnings an up or down push, researchers contend.
