KPMG primes shrinking CFO, CPA pipeline

The shortage of accountants is one of the main concerns keeping KPMG’s Greg Engel up at night. The firm is teaming up with universities to expand the talent pool.

CFOs must stay disciplined on tech spend

When it comes to tech spending, finance heads should keep their focus on business needs first and transformation second.

Several states cut corporate tax rates for 2023

Many states are competing for businesses by reducing corporate tax rates as of Jan. 1, the Tax Foundation said.

Live Nation CFO blames bots in Swift ticket fiasco

Roughly two months after thousands of Taylor Swift fans were prevented from buying tickets, Ticketmaster’s CFO told a Senate committee Tuesday that the company could have done better.

Twitter headquarters landlord files unpaid rent suit

The suit filed against Twitter comes as a surge of tech firms have announced massive layoffs along with plans to trim real estate costs.

Working from home boosts working time: NBER paper

The number of U.S. employees who work remotely has more than tripled during the pandemic. Workers who forgo a commute spend more time at work, researchers said.

Tyson CFO pleads guilty to trespassing, intoxication charges: report

John Randal Tyson pleaded guilty to charges of public intoxication and trespassing. The move marks a change from one month earlier when he pleaded not guilty.

Tech firms hunt for ‘operating’ CFOs

Technology firms are seeking CFOs that can add financial rigor to their operations even as they move to cut staff and costs in the face of a probable recession.

PE CFOs cite global recession as top concern: EY

Private equity C-suite leaders cited the possibility of a global recession as their biggest worry, while talent management also remains a top priority.

Motorcycle retailer RumbleOn taps new CFO

The Irving, Tex.-based company is swapping in a new CFO just under a year after the outgoing finance chief took the finance reins.

More companies report falling profit margins: NABE

U.S. businesses in the new year face signs that the economy is cooling, including a tapering in consumer spending and a pullback in factory output.

Stanley Black & Decker names new CFO

Former Fortune Brands executive Patrick Hallinan joins the manufacturer as it pursues a $1.5 billion cost-saving plan.

Huntington preps for mild recession following earnings beat

The regional bank will aim for low-level expense growth and conduct some measure of organizational restructuring as it looks to position itself to weather a mild recession, CFO Zach Wesserman said. 

SMEs fall behind on addressing climate change

A readiness gap is emerging between small and large companies in terms of their responses to climate change risks.

Unions lose clout even amid high-profile organizing gains

The wages of workers unaffiliated with a union have risen faster in recent years than those of their unionized counterparts.

Retailers juggle sustainability, growing cost-cutting mandates

CFOs are weighing costs more closely — even as they seek to trim the environmental impact of everything from packaging to shipping and return practices.

FASB mulls two new software accounting options

The project to improve software accounting standards is a long time coming. At least one element of the current standards has remained largely unchanged since 1985. 

nCino cuts 7% of workforce, CFO departs

nCino and Microsoft are the latest tech firms to announce layoffs. The sector has been hit by declining sales for PCs and software, plummeting valuations and high inflation.

Billtrust plots growth in B2B

Although many companies are pulling back spending amid the murkier economic climate, new CEO Sunil Rajasekar said the B2B payments firm is not. 

How CFOs can come to terms with pay transparency

Pay range disclosure mandates are on the rise. Finance leaders need to understand how these laws can both help and hurt them.

Weak retail sales, manufacturing signal cooling economy

The Fed’s fight against inflation, while showing some recent signs of success, may dim prospects for economic growth.

US to jack up fees for big mergers

Filing fees are expected to soar this year and companies will need to prepare for increased regulatory scrutiny of M&A deals.

Payoneer tees up Webster Bank exec for CFO

Webster Bank alum Bea Ordonez will take the payments company’s finance reins in March after the current CFO Michael Levine steps away from the role.

3 reasons to make accounts receivable a top priority

Unpaid invoices take a nasty bite out of cash flow. Dean Kaplan writes that taking time early on to evaluate receivables and stratify accounts for fast attention will pay off.

Cyber, business interruption remain top global corporate risks

Risk management leaders remain highly concerned about the threat of malicious attacks and data breaches, according to Allianz Global.