Trivago appoints interim CFO; permanent finance head to start in April

The company’s head of finance will step in to fill its CFO gap as it continues to battle rising average room rates, with a permanent CFO set to take the seat in April.

By Grace Noto • Dec. 5, 2023

PCAOB fines 2 PwC firms in China over test cheating

The enforcements are among the first three stemming from access the U.S. auditing watchdog secured last year to inspect China-based auditing firms.

By Maura Webber Sadovi • Dec. 4, 2023

Explore the Trendline➔

Top 5 stories from CFO Dive

Bank turmoil and tightening credit markets have forced CFOs to take a harder look at costs this year. Now finance chiefs also face the challenge of weaving generative AI into their operations.

By CFO Dive staff

Tesla CFO sells shares as Musk draws new scrutiny

A spotlight is on the EV maker as investors weigh recent controversial comments from CEO Elon Musk and a lukewarm launch of its Cybertruck product.

By Grace Noto • Dec. 4, 2023

Ulta Beauty rides strong consumer spending, taps new financial leadership

CFO Scott Settersten will retire after 11 years at the financial helm, with Ulta Beauty’s SVP of finance poised to take the seat as consumers continue to spend on smaller luxuries.

By Grace Noto • Dec. 1, 2023

AMC Networks expects ‘no material impact’ from Hollywood strikes

Despite now-resolved labor strikes that brought Hollywood to a standstill, AMC Networks is “set up well going into 2024,” CFO Patrick O’Connell said.

By Alexei Alexis • Nov. 29, 2023

FASB’s new segment guidance will go swiftly into effect

Public companies will be required to comply with the new accounting requirements in reports for annual periods beginning after Dec. 15.

By Maura Webber Sadovi • Nov. 28, 2023

Structure matters: How ITC transfers mitigate risk and maintain compliance

The Investment Tax Credits (ITC) transfers are a powerful new tool for corporations to manage their tax liability. However, executing ITC purchases requires robust due diligence, structuring and insurance to de-risk each transaction.

Nov. 27, 2023

Cover Genius looks to deepen FP&A team

A robust FP&A team is critical for businesses to be able to properly plan for the future, Cover Genius CFO David Rudow said.  

By Grace Noto • Nov. 22, 2023

With ex-controller back on the stand, Trump defense looks to muddy accounting waters

The ex-controller pointed to long-time independent accountants Mazars USA as responsible for preparing the Trump Organization's financial statements.

By Grace Noto • Nov. 21, 2023

Nikola CFO steps down after six months amid wobbly EV market

Anastasiya Pasterick will leave the EV maker after a half-year stint in the top financial seat to take a CFO role at aerospace firm Universal Hydrogen.

By Grace Noto • Nov. 20, 2023

Wise CFO credits customer growth for 280% profit jump

The fintech’s nearly quadruple jump in profits comes as its CFO is preparing to depart after an eight-year tenure.  

By Grace Noto • Nov. 17, 2023

Palo Alto revenue surges amid ‘unprecedented’ cyberthreats

Escalating cyberthreats and related regulatory pressures are keeping customer demand high, the company’s CEO said.

By Alexei Alexis • Nov. 16, 2023

Lowe’s veteran tapped for Advance Auto CFO seat

The appointment comes as the auto parts supplier is focused on a comprehensive review of the business after posting weak financial results this year.

By Alexei Alexis • Nov. 15, 2023

Orsted CFO, COO step down following large losses

The two executives are departing as the offshore wind industry flounders among rising interest rates, narrowing margins and challenged supply chains.

By Grace Noto • Nov. 14, 2023

FASB targets new cash flow statement rules for banks

The latest new accounting requirements under development will, at least initially, only apply to financial institutions.

By Maura Webber Sadovi • Nov. 13, 2023

‘I had my buckets’: Trump Jr. further downplays financial role

The Trump Organization’s ex-CFO and his responsibilities remained a question at the heart of the trial as Donald Trump Jr. waxed poetic about the Trump Organization’s history and properties.

By Grace Noto • Nov. 13, 2023

Revolut appoints interim CFO as it races to meet filing deadline

Revolut’s interim CFO and new U.K. CEO face an upward battle to win the fintech’s long-sought after U.K. banking license.

By Grace Noto • Nov. 10, 2023

AppLovin’s FP&A leader to replace CFO

The current finance chief is stepping down to explore new career opportunities while remaining on the company’s board.

By Alexei Alexis • Nov. 9, 2023

Deloitte brings GenAI to audit, accounting professionals with new bot

GenAI isn’t likely to replace accountants any time soon — but firms like Deloitte are already integrating it into their accounting and audit practices.

By Grace Noto • Nov. 9, 2023

Nextdoor plans 25% staff reduction, as CFO resigns

The disclosures came as the social networking app provider reported a third quarter net loss of $38 million, compared with $35 million in the year-ago period.

By Alexei Alexis • Nov. 8, 2023

Emails tie Ivanka Trump to lenders, ex-CFO. She doesn’t recall much of it.

Appearing a week after her two brothers, the former president’s daughter took her turn on the stand testifying in the $250 million civil fraud trial.

By Maura Webber Sadovi • Nov. 8, 2023

SEC commissioner suggests ‘re-proposing’ climate risk disclosure rule

Some investors seek broader company disclosures with the aim of promoting social change rather than clarifying stock valuations, SEC Commissioner Mark Uyeda said.

By Jim Tyson • Nov. 7, 2023

Long-time PepsiCo CFO moves to top finance seat at Disney

The entertainment firm may be looking to lean on Hugh Johnston’s financial chops as it fends off challenges from activist investors and looks to bolster drooping streaming results.

By Grace Noto • Nov. 6, 2023

An inside look at working capital management with SAP and Taulia

Businesses in every sector face challenges in managing cash, and at the heart of every stable firm sits working capital management.

Nov. 6, 2023

RBC settles software accounting violation charges with regulators

The Royal Bank of Canada’s $6 million SEC penalty comes as FASB is updating U.S. guidance for tracking software costs for the first time in decades.

By Maura Webber Sadovi • Nov. 3, 2023