Financial reporting: Page 2


  • The arms of a person wearing a striped shirt can be seen taking an envelope out of a box filled with clothes.
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    Courtesy of Stitch Fix

    Stitch Fix latest tech firm to cut workforce

    The online personal styling service announced it will reduce its workforce by about 20% in a company-wide memo from founder Katrina Lake.

    By Jan. 5, 2023
  • SEC Form S-1
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    PictureLake via Getty Images

    Invest in investor relations, former Cameo CFO says

    In order for companies to position themselves for a successful IPO, focusing on IR teams early  is key, according to Deb Schwartz.

    By Jan. 5, 2023
  • Plant sprouting out of dollar bills Explore the Trendline
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    Newbird via Getty Images
    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
  • A Bed Bath & Beyond sign against a blue sky with puffy white clouds.
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    Daphne Howland/CFO Dive

    Bed Bath & Beyond warns options include bankruptcy

    The Union, N.J.-based company has faced a range of external and internal challenges stemming in part from inventory constraints, credit limits and the death of its CFO in September.

    By Jan. 5, 2023
  • Street signs for the intersection of Wall St. and Broad St., with the stripes of an American flag in the background.
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    Michael Santiago/Getty Images via Getty Images

    Stock buyback tax looms over SPACs

    The new 1% excise tax on share buybacks —  effective Jan. 1 —  threatens to ding special purpose acquisition companies as the SPAC market has all but dried up.

    By Jan. 4, 2023
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    Mario Tama via Getty Images

    SEC charges ex-CFO at gold mining SPAC with $5M fraud

    The embezzlement allegations follow the collapse of the SPAC market in 2022 and sharper SEC scrutiny of the so-called blank check companies.

    By Jan. 4, 2023
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    NicoElNino via Getty Images

    Digital Realty promotes exec to CFO seat

    Digital Realty’s Matt Mercier will take the CFO seat as its former financial head moves to the CEO role.

    By Jan. 4, 2023
  • Salesforce logo
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    Stephen Lam via Getty Images

    Salesforce to cut 10% of workforce, trim real estate

    The software provider will incur between $1.4 billion and $2.1 billion in charges as it moves to pare down its workforce and real estate footprint.

    By Jan. 4, 2023
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    guvendemir via Getty Images

    IRS delivers ‘crucial guidance’ on 15% minimum tax

    The interim guidance gives tax preparers some key directions for interpreting the 15% Corporate Alternative Minimum Tax. But more questions remain, experts say.

    By Jan. 3, 2023
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    "Audit" by GotCredit is licensed under CC BY 2.0

    SEC commissioner opposes ‘ballooning’ PCAOB budget

    The PCAOB has stirred up criticism since SEC Chair Gary Gensler shook up its leadership and called for sharper regulation of the firms that audit public companies.

    By Jan. 3, 2023
  • Worried business executive at desk
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    Kerkez via Getty Images

    CFOs see their firms’ prospects darken in 4Q: Deloitte

    CFO pessimism around their own companies’ financial prospects touched a level not seen since the height of the pandemic, a Deloitte survey found.

    By Dec. 16, 2022
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    Michael M. Santiago via Getty Images

    New York Times CFO to retire in 2023

    The New York-based national news company says farewell to Roland Caputo as he plans to retire after 36 years.

    By Dec. 14, 2022
  • The interior of a busy shopping mall.
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    benimage via Getty Images

    Macerich CFO says mall foot traffic portends good year

    Consumers are still heading back to shopping malls this holiday season despite inflation woes, according to Macerich CFO and treasurer Scott Kingsmore.

    By Dec. 13, 2022
  • founder of ftx sam bankman-fried
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    Craig Barritt via Getty Images

    DOJ, SEC charge Sam Bankman-Fried with defrauding investors

    Former FTX CEO Sam Bankman-Fried was arrested Monday night in the Bahamas and charged Tuesday with eight criminal counts including wire fraud.

    By Gabrielle Saulsbery • Dec. 13, 2022
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    Justin Sullivan via Getty Images

    Shoddy ESG data stymies 35% of senior executives: Deloitte

    CFOs have redoubled efforts to measure sustainability as the SEC completes a rule requiring disclosure of climate risks.

    By Dec. 12, 2022
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    Permission granted by Tyson Foods

    Tyson Foods backs CFO after reviewing arrest

    The meat processing giant’s pick of John R. Tyson — the great grandson of the company’s founder — has drawn skepticism from some board governance experts.

    By Dec. 9, 2022
  • Securities and Exchange Commission, SEC, Building in Washington DC
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    qingwa via Getty Images

    SEC calls for disclosure on crypto risks, citing ‘financial distress’

    The collapse of FTX has slammed scores of creditors, prompting SEC concerns that companies may suffer losses from direct or indirect links to crypto markets.

    By Dec. 9, 2022
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    Charnchai via Getty Images

    PCAOB warns of uptick in auditing flaws

    To avert flaws in reports, CFOs should keep auditors apprised of any big changes or new business risks and invest in internal controls.

    By Dec. 8, 2022
  • Illustrated stock image of a business person wearing a blazer and tie with a heavy load of paper on his back.
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    Deep Dive

    CFO stressors: Job creep

    While many finance chiefs are adjusting to their expanding duties, some CFOs feel they are doing an untenable share of the C-suite’s heavy lifting.

    By Dec. 7, 2022
  • Close-up of young business person pointing at the data presented in a chart on a screen with pen while working in an office
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    g-stockstudio via Getty Images

    For CFOs rethinking growth, profitability, data is key

    Investing in data analytics that can reveal key opportunities can aid CFOs looking to better balance growth and profitability.

    By Dec. 7, 2022
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    utah778 via Getty Images

    US watchdog sanctions three KPMG global firms

    The PCAOB cracked down against KPMG for several alleged violations in the latest sign of tougher oversight of the accounting firms that audit publicly listed companies.

    By Dec. 7, 2022
  • Screen showing rising interest rates.
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    Torsten Asmus via Getty Images

    Treasurers warm to liquidity, yields of T-bills, Jiko CEO says

    As interest rates have risen against a backdrop of volatile equity and currency markets, lower-risk T-bills are drawing more interest.

    By Dec. 6, 2022
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    FangXiaNuo via Getty Images

    10 of the year’s biggest CFO stories

    As the year winds down, we wanted to take a moment to highlight some of the stories that have helped keep our readers in the know in 2022. 

    By Dec. 2, 2022
  • A "for lease" sign for retail space with a phone number.
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    Daphne Howland/CFO Dive

    FASB takes step toward clarifying lease accounting

    The proposed lease accounting update comes as the FASB works on a project that would require companies to disclose more income-tax information.

    By Dec. 1, 2022
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    fizkes via Getty Images

    CFOs up forecasting frequency amid economic uncertainty: survey

    Pricing pressures, labor costs and talent retention struggles are creating new forecasting challenges for financial and business leaders, the AICPA & CIMA survey found.

    By Dec. 1, 2022
  • Skiers
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    Courtesy of Jackson Hole Mountain Resort

    Vail Resorts appoints company alum to CFO seat

    Angela Korch left Vail Resorts just over two years ago to become CFO of CorePower Yoga. She is returning to take the ski resort operator’s finance helm.

    By Nov. 29, 2022