The Latest
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PCAOB aims to sharpen auditor focus on fraud
The U.S. audit watchdog said its newest proposal would speed notification of noncompliance, reducing ultimate costs to investors.
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SMBs expect 14% boost in finance tech spend on average
The need for consolidation, automation or better data is a top factor driving the spending increase, followed by a need to strengthen business value and a desire to generate growth amid macroeconomic pressures.
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Canadian regulators suspend ex-blockchain CEO, CFO
Robert Earle Dawson and David Malcolm Alexander were temporarily suspended for misrepresenting that their former company would retain just a small portion of funds raised.
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SEC sues Coinbase as federal crackdown on crypto continues
Coinbase was accused Tuesday of operating an unregistered national securities exchange, broker and clearing agency. The SEC also took aim at its staking-as-a-service program, a day after suing crypto firm Binance.
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GOP lawmakers tell Gensler not to bow to EU’s tough climate rules
The Biden administration aims to allow strict EU standards on climate risk to guide actions by U.S. companies, according to top Republican legislators.
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Chemours Company CFO resigns
The CFO swap comes days after Chemours announced it would funnel $592 million into a settlement fund aimed at resolving claims regarding hazardous “forever chemicals” contaminating U.S. water systems.
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Contrarian investors keep office sale-leaseback market ‘open’
While office vacancies have soared due to the rise of hybrid work, office sale leaseback transactions ticked up to comprise 10% of the total sale leaseback transactions in the first quarter.
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Many AI early adopters struggle for success: report
Only 45% of respondents said their organization’s AI investments have led to a successful business impact, a Boston Consulting Group survey found.
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CFO-CIO teamwork key to IT spend results: Gartner
Digital investments tend to require a high level of collaboration due to their complexity and cross-functional nature, says Gartner analyst Emily Riley.
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Cybercriminals target C-suite, family members with sophisticated attacks
A study by BlackCloak and Ponemon shows senior executives are being targeted for IP theft, doxxing and extortion, often through home office networks.
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Tight credit to trigger recession in final half of 2023: Moody’s
The U.S. service sector stalled last month, the Institute for Supply Management said Monday, adding to signs of a potential downturn in the months ahead.
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Job creep reroutes path to CFO seat
As the path to the CFO seat branches off from the traditional accounting lane, questions about how to find — and train — the next generation of financial leaders are emerging.
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Companies weigh case for emerging active shooter insurance
While mass shootings are unfortunately not new, insurance policies that specifically take them into account only began emerging around 2016.
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Pay transparency cuts turnover risk — except for Gen Z
Younger workers are less knowledgeable about how pay is determined and more likely to consider leaving a company if they are not being shown that they are valued, according to the Payscale report.
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Strong hiring blurs Fed’s signal of pause in rate hikes
Robust payroll growth in May shows that the central bank, as part of its effort to curb inflation, has made limited progress in cooling the labor market.
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Chipmaker Broadcom joins generative AI gold rush
The chipmaker projects revenues related to generative AI will double in the next year even as it faces questions of possible business "cannibalization" by the tech.
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Newly-minted Alation CFO shares lessons learned from Peloton
One month after joining Alation, former Peloton CFO and investment banking alum Jill Woodworth told CFO Dive what she’s bringing from past experiences to her new role.
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Dwolla appoints new CFO following boost in partner ecosystem
The cryptocurrency, bank and card network alum will take on Dwolla’s CFO chair as the company, which also appointed two new members to its board, looks to capitalize on rising A2A payments demand.
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FASB tax disclosure plan draws fire
Some heated feedback elicited by the proposed new tax disclosure requirements suggests the road to consensus might still be rocky.
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CFOs should lead adoption of generative AI: Gartner
The rapid spread of generative AI has compelled top finance executives to weigh big opportunities from the new technology against its risks.
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Salesforce North America unit takes ‘brunt’ of revenue slowdown
The cloud software company’s revenue growth slowed in the U.S. during the first quarter of its fiscal year 2024 while expanding in other parts of the world, its CFO said.
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AI can double productivity in three years: Gartner
CFOs are more likely to succeed in adopting artificial intelligence if they take steps to overcome cultural obstacles to the new technology, according to a Gartner expert.
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Use case is key in getting started with AI: Gartner analyst
While generative AI holds immense promise, some use cases in the short term may be too risky without careful “stress testing,” says Gartner analyst Arun Chandrasekaran.
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Prudential PLC CFO resigns amid recruiting conduct probe
The Hong Kong, China-based insurer said its CFO “fell short” of the high standards that Prudential PLC sets and expects all of its colleagues to adhere to.
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Wayfair exec heads to Pinterest as CFO
Roughly three months after Pinterest CFO Todd Morgenfeld announced his departure, the craft-focused social media company has hired Julia Brau Donnelly to take the helm.