Financial Reporting: Page
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Senate report on Silicon Valley Bank rips KPMG, reveals CFO role
The Senate subcommittee’s report stems from a 28-month investigation that reviewed nearly 100 hours of briefings and interviews with auditors and regulators.
By Maura Webber Sadovi • Sept. 19, 2025 -
FASB finalizes narrow software accounting update
The targeted new guidance detailing how companies should capitalize certain software costs is effective for annual reporting periods beginning after Dec. 15, 2027.
By Maura Webber Sadovi • Sept. 18, 2025 -
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PayPal vet jumps to Extend CFO seat
Francois Horikawa will become the spend management platform’s first CFO as Extend taps $20 million in newly raised capital to accelerate its path to profitability.
By Grace Noto • Sept. 18, 2025 -
Fed trims main rate by quarter-point, forecasts two more cuts this year
Policymakers reduced borrowing costs for the first time in 2025 as concerns about a decline in hiring prompted them to put on hold efforts to curb inflation to their 2% target.
By Jim Tyson • Updated Sept. 17, 2025 -
SEC prioritizes Trump call to axe quarterly earnings
The SEC has changed the frequency of reports before, pivoting from semiannual reporting in 1970 to mandate quarterly reporting for publicly traded companies.
By Maura Webber Sadovi • Sept. 16, 2025 -
Trump-backed push to nix quarterly reports not ‘slam dunk’ for CFOs
Advocates say ditching 10Qs would enable more focus on long-term planning, but some finance execs view the process as an early warning system, experts say.
By Maura Webber Sadovi • Sept. 15, 2025 -
Alstom alum takes Worldline CFO seat to drive cash flow, growth push
The newly-minted CFO will focus on regaining a path to growth, after Worldline’s free cash flow plunged by more than 50% during the first half of the year.
By Grace Noto • Sept. 15, 2025 -
Cinema operator Vue taps new CFO
The CFO swap comes as Vue aims to expand its presence throughout Europe after a 2024 financial restructuring.
By Grace Noto • Sept. 12, 2025 -
Tesla CFO unloads more stock as CEO pay battle brews
The CFO’s latest share sale comes as the EV maker’s CEO Elon Musk is seeking a $1 trillion pay package.
By Grace Noto • Sept. 10, 2025 -
Rising tariff worries, AI use puts spotlight on FP&A, Protiviti survey finds
Businesses are increasingly looking to FP&A to manage their data needs as concerns related to cybersecurity, AI and tariffs rise, Protiviti found.
By Grace Noto • Sept. 9, 2025 -
Dell CFO resigns after two years in seat
Yvonne McGill’s time as finance chief capped a nearly 30-year career at the Texas-based PC-maker. She is credited with helping grow Dell’s AI business.
By Maura Webber Sadovi • Sept. 9, 2025 -
AI-driven job displacement may already be here: Fed
The CEOs of Salesforce and Amazon have been in the spotlight after touting AI’s ability to handle some jobs in place of humans.
By Alexei Alexis • Sept. 9, 2025 -
Walmart CFO in SEC filing trims planned sales of company shares
John David Rainey, the retail behemoth’s finance chief, plans to sell a maximum total of 40,000 shares on two dates early next year.
By Maura Webber Sadovi • Sept. 8, 2025 -
Stablecoin maturity, regulation opens crypto adoption gate: Taxbit CEO
While regulatory clarity has eased some of the risks associated with stablecoins, CFOs are still eyeing outstanding accounting and tax questions.
By Grace Noto • Sept. 8, 2025 -
Sweetgreen swipes Chipotle CAO for CFO
Jamie McConnell will step in as Sweetgreen’s finance chief after a “convergence” of external and internal challenges led to slumping sales for the salad chain.
By Grace Noto • Sept. 5, 2025 -
Spectrum Brands terminates CFO to cut costs
The CFO departure comes as Spectrum targets additional cost savings and navigates the ongoing impacts of what CEO David Maura called “the tariff torpedo.”
By Grace Noto • Sept. 3, 2025 -
California CPA pathways bill heads to Governor Newsom’s desk
Golden State lawmakers passed the legislation Tuesday, positioning the accounting industry’s licensing reform initiative for a big state win.
By Maura Webber Sadovi • Sept. 3, 2025 -
Crocs appoints Nike alum to CFO chair
Patraic Reagan will receive a sign-on bonus of $800,000 in association with his appointment as finance chief, the shoe brand said.
By Grace Noto • Updated Sept. 2, 2025 -
Deep Dive
Accounting talent shortage eases as layoff fears creep up
The increasing use of AI and offshore outsourcing to help with financial tasks, such as closing the books, is loosening the accounting labor market, experts say.
By Maura Webber Sadovi • Aug. 28, 2025 -
Jack Daniel’s maker CFO to retire after 4 years in seat
Leanne Cunningham plans to retire from Brown-Forman on May 1. The Louisville, Kentucky-based spirits maker faces pressures from tariffs and changing alcohol consumption habits.
By Maura Webber Sadovi • Aug. 26, 2025 -
British American Tobacco CFO steps down abruptly
The CFO departure comes as the Lucky Strike maker focuses on boosting growth for its vape and smokeless products. BAT is one of three global tobacco brands that agreed to pay a collective $23.7 billion to settle decades-long litigation with Canada earlier this year.
By Grace Noto • Aug. 26, 2025 -
Walmart, Target tout AI plans
The two retail giants are capitalizing on sustained investment in their technology foundations even as they face economic headwinds.
By Lindsey Wilkinson • Aug. 26, 2025 -
Murky economic outlook prompts review of pay strategies: Korn Ferry
Business leaders are thinking differently about their approach to executive incentives among continued economic uncertainty — an area where CFOs could share key insights, Korn Ferry’s Ron Seifert said.
By Grace Noto • Aug. 25, 2025 -
UHY’s new CFO on being a CPA’s CPA: They ‘need numbers’
Laura LaPeer took the CFO seat at the accounting firm of UHY, which plans to grow organically and via private-equity-backed deals.
By Maura Webber Sadovi • Aug. 25, 2025 -
CPA licensing changes poised to hit half of all states by year-end
While a growing band of states have passed new CPA licensure laws, employers, universities, students and regulators are just beginning to grapple with how the new rules will work.
By Maura Webber Sadovi • Aug. 22, 2025