IRS waives penalty tied to new 15% corporate minimum tax

Companies have an extra year to determine their liability under the complex minimum tax signed into law last year.

By Jim Tyson • June 8, 2023

Strong demand helps Brown-Forman thwart high materials costs

The company’s CFO touts demand for high-end spirits products and the return of pre-pandemic travel that helped boost profit 36% year over year.

By Suman Bhattacharyya • June 8, 2023

Explore the Trendline➔

ESG transforming CFO role

Companies are turning to their CFO to identify ways to measure and report on their organization's environmental, social and governance (ESG) performance.    

By CFO Dive staff

California lawmaker weighs in on FASB crypto proposal

Sherman, a ranking member of the House Financial Services’ Subcommittee on Capital Markets, has sought to ban crypto — which he has called “an electronic pet rock.”  

By Maura Webber Sadovi • June 8, 2023

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.

By Jim Tyson • June 7, 2023

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.

By Gabrielle Saulsbery • June 7, 2023

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. 

By Maura Webber Sadovi • June 6, 2023

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.

By Jim Tyson • June 6, 2023

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.

By Chris Gaetano • June 5, 2023

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.

By Maura Webber Sadovi • June 2, 2023

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.

By Grace Noto • June 2, 2023

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.

By Alexei Alexis • June 1, 2023

Struggling biotech reups support for CEO-CFO

Exicure’s newly-minted CEO-CFO is attempting to find new potential partners and explore other avenues of growth to right the course of the struggling biotech.

By Grace Noto • May 31, 2023

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.

By Elizabeth Flood • May 31, 2023

Towards a better future with sustainable finance and ESG reporting

CFOs have a leading role to play in the push for sustainability by turning to greener technologies and practices.  

By Parul Mehta and Lalitha Narni • May 30, 2023

Workday CFO stepping down, former Apple exec to take over

Barbara Larson, Workday’s current finance chief, will be replaced by Zane Rowe, who most recently served as CFO of VMware and previously did a stint as an Apple sales executive.

By Alexei Alexis • May 26, 2023

Costco holds back on membership fee hike

As consumer spending slumps, the bulk retailer is holding back on its plans to boost membership fees and aiming to grow e-commerce and mobile sales.

By Grace Noto • May 26, 2023

ChatGPT aces CPA exam after prior version flunked

ChatGPT-3.5 took the CPA exam and got an “F.” The newest version of the AI learned from the failure, however, and nailed the test, researchers said.

By Jim Tyson • May 25, 2023

Drawing on SEC chops, Fundrise CFO preps for aftermath of inflation

The SEC and KPMG alum talks about embracing uncertainty, being willing to make wide career pivots and her outlook on the economy.  

By Grace Noto • May 25, 2023

Nvidia revenues soar amid AI demand

The chipmaker’s finance chief credited generative AI with driving “exponential growth” in the computing sector.

By Alexei Alexis • May 25, 2023

WeWork CFO follows CEO out the door

Andre Fernandez’s swift exit marks the company’s fourth CFO transition since March of 2020.

By Elizabeth Flood • May 25, 2023

Zoom raises forecasts, continues on AI train

The company is positive in its look ahead for 2024, despite recent headcount reductions and a slowing business environment.

By Elizabeth Flood • May 24, 2023

RingCentral CFO describes career choice, staying ‘fiercely prioritized’

From investment banking to an operational finance role to finally taking on a public company CFO role, Sonalee Parekh has run the gamut when it comes to her financial career path.

By Elizabeth Flood • May 23, 2023

What finance departments should be doing to prepare for the future

Businesses that hope to survive should be constantly thinking about what they need to do today to be ready for tomorrow.

May 22, 2023

Why CFOs must beef up their CX playbooks

The B2B market is facing a new generation of decision makers who are accustomed to speedy digital customer experiences, according to Billtrust CFO Bob Purcell. 

By Bob Purcell • May 19, 2023

Foot Locker taps Kohl’s exec for CFO

Kohl’s alum Michael Baughn will move into Foot Locker’s CFO role as the sneaker retailer reported slumping sales and lowered 2023 guidance.

By Grace Noto • May 19, 2023