Marshaling the right GenAI data strategy: EY

To drive effective financial transformation with AI, organizations need to ensure the “fuel” for the technology is there, EY experts say.  

By Grace Noto • Dec. 20, 2023

Hewlett-Packard Enterprise taps HP Inc. CFO for finance chief

Company veteran Marie Myers will take HPE’s financial reins as the business seeks to boost IT spending next year.

By Grace Noto • Dec. 18, 2023

Explore the Trendline➔

Top 5 stories from CFO Dive

Tarifff headwinds along with the accounting talent shortage and the promises and traps of generative AI, are among the top issues CFOs are grappling with this year.

By CFO Dive staff

4 accounting takeaways from this week’s FASB congressional hearing

Lawmakers pressed FASB and PCAOB leaders to explain how they’re approaching regulations in the wake of the recent bank and crypto crises.

By Maura Webber Sadovi • Dec. 14, 2023

New cybersecurity CPA focus shines spotlight on risk for CFOs: Sysdig

Cybersecurity is landing on the CPA exam at a time when CFOs are facing both an accounting talent shortage and new digital threats.

By Grace Noto • Dec. 14, 2023

Trump holds responsibility for GAAP compliance, NY AG expert said

The Trump Organization is ultimately responsible for ensuring their financial statements are compliant, rather than their accountants, professor of accounting Eric Lewis said.

By Grace Noto • Dec. 13, 2023

NY AG disputes Trump expert’s GAAP analysis

Attorneys for both the NY AG’s office and the former president zeroed in on particular provisions of GAAP as the $250 million civil fraud trial winds down.

By Grace Noto • Dec. 12, 2023

Cybersecurity pressures stretch CFOs

CFOs are bracing for new SEC cybersecurity rules set to kick in this month as the regulator is already signaling an aggressive enforcement posture.

By Alexei Alexis • Dec. 12, 2023

Veradigm CEO, CFO asked to resign amid audit committee probe

Veradigm appointed an interim CEO and CFO as it struggles to course correct in the midst of an ongoing audit and a shareholder complaint alleging it artificially inflated revenues for a two-year period.

By Grace Noto • Dec. 11, 2023

Instacart to focus on order efficiency to retain online grocery delivery dominance

The practice of “batching,” or handling multiple orders per shopper trip, is improving unit economics, CFO Nick Giovanni says.

By Suman Bhattacharyya • Dec. 8, 2023

Most accountants back AI, viewing it as productivity boost: Moss Adams

Accountants also flagged several potential downsides from rapid AI adoption, including poor work quality, flawed data and undetected bias.

By Jim Tyson • Dec. 8, 2023

Talent tops 2024 CFO risks: Protiviti

Risks relating to talent shortages, inflation and generative AI remain top of mind for finance chiefs as they look forward to 2024, Protiviti’s survey found.

By Grace Noto • Dec. 8, 2023

SEC approves new PCAOB audit confirmation standards targeting fraud

Since early 2021, SEC Chair Gary Gensler has called on the PCAOB to more aggressively oversee the accounting firms that audit publicly listed companies.

By Jim Tyson • Dec. 7, 2023

Trump defense seeks to put GAAP on trial

The New York Attorney General’s $250 million civil fraud suit has no merit from an accounting perspective, NYU professor Eli Bartov testified Thursday.

By Grace Noto • Dec. 7, 2023

Final SEC climate disclosure rule pushed to April 2024

The long-awaited timing update comes via the Biden administration’s regulatory agenda for next year, which also unveiled new timetables for other ESG-related proposals.

By Lamar Johnson • Dec. 7, 2023

FASB targets fix for derivatives ‘whack-a-mole’ problem

The derivative project comes a month after the FASB moved ahead with developing a new standard for government grants.

By Maura Webber Sadovi • Dec. 6, 2023

Auditors say accountant shortage ramps up work pressure: CAQ

A decline in the pool for accounting talent has prompted many U.S. companies to raise pay and provide greater workplace flexibility.

By Jim Tyson • Dec. 6, 2023

Airbnb CFO moves to new chief business officer role

The short-term home rental company’s CFO will transition to a new role as Airbnb reaches an “inflection point” with plans to expand beyond its core business.

By Grace Noto • Dec. 6, 2023

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

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