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Halliburton picks company veteran for CFO spot

The oil field services giant is "appropriately viewed as a major beneficiary" of rising fossil fuel prices and oil field activity, according to a report from Cowen analysts.

SEC to nearly double crypto enforcement unit

The agency is adding 20 supervisors, investigative staff attorneys, trial counsels and fraud analysts to the team that currently has 30 dedicated positions. 

Fed probably needs to curb GDP growth to 1% to quell inflation: Moody's

CFOs navigating an unusual array of profit threats — from supply chain disruptions to the possibility of a new COVID-19 variant — may need to add stagflation to their roster of risks.

Global minimum tax compliance to take 'significant' company resources

Forty percent of businesses surveyed by EY have considered adding headcount, outsourcing tax department operations and investing in new technology to meet BEPS 2.0 requirements.

CFOs seek insights, efficiency boost from process mining

CFOs during the pandemic have sped up digital transformation. Today they are especially focused on robotic process automation and complementary tools such as process mining, Gartner said.

FASB explores single consolidation model

“We can bring some order to this area where I think we’re hearing very clearly that order is needed,” said Richard Jones, FASB chair.

SEC sues Brazilian mining firm, alleging false ESG claims

The agency that supervises Wall Street, seeking to ensure accurate sustainability disclosures, sued a Brazilian company for allegedly misleading investors about safety before a dam collapse killed scores of nearby residents.

Hiring, strategizing compete for CFO time: survey

Eighty-eight percent of CFOs at private-equity backed companies surveyed said they underestimated the time it would take to migrate financial and accounting processes to a state-of-the-art enterprise resource planning system (ERP) and software stack.

Most executives admit to ESG 'greenwashing': survey

Companies overstate their commitment to sustainability as investors, regulators, lawmakers and other stakeholders push for adherence to environmental, social and governance best practices.

Furniture retailers adapt to supply chain chaos

As some retailers extend lead times and amass inventory to manage delays, they're also building sourcing relationships beyond China and Vietnam.

Mega-cap CFOs in high demand as IPOs, retirements thin supply

"The increased use of cash over equity in compensation packages is a sign that CFOs are in demand as companies would typically rather give equity," according to Robert Lamp of Korn Ferry. 

How treasurers can wade into data lakes

Treasurers can use data lakes to centralize information, increase liquidity and reduce fraud, but finding the resources to set them up may be a challenge.   

SEC penalizes pizza accountant $2M for alleged insider trading

The agency tasked with keeping an eye on Wall Street is increasingly using data analytics to uncover accounting fraud and other wrongdoing.

Profit expectations fall at US companies, NABE says

The business outlook has grown hazier amid Federal Reserve plans to reduce stimulus, Russia’s invasion of Ukraine and doubts about the stability of supply chains tied to China.

Geopolitical storm hitting company valuations differently

Cash flow, cost of capital and other factors remain central when it comes time to determine what a business or its credit is worth to investors.

FASB steps closer to LIBOR accounting relief extension

The U.S. accounting standards setter will likely affirm the proposed two-year extension of LIBOR-related accounting relief unless it gets new feedback during the public comment period, according to a FASB spokesperson.