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

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

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

Trump ex-CFO’s severance terms come under NY AG fire

Allen Weisselberg’s $2 million severance agreement includes language barring the ex-CFO from disparaging the Trump Organization.

By Grace Noto • Nov. 3, 2023

Most execs do not see AI shrinking financial teams

KPMG found in a survey that 55% of executives do not expect AI to replace financial reporting jobs. But 39% of respondents disagree.  

By Maura Webber Sadovi • Nov. 3, 2023

Verizon’s interim CFO lands permanent seat

The finance chief says the telecom giant is “on track” when it comes to priorities such as improving free cash flow and growing its wireless service revenue.

By Alexei Alexis • Nov. 2, 2023

Trump brothers lay financial responsibilities at Weisselberg’s feet

Donald Trump Jr. and Eric Trump repeatedly denied knowledge of their father’s business’s financial reports, foisting much of the responsibility upon the ex-CFO.  

By Grace Noto • Nov. 2, 2023

FASB to set new accounting rules for government grants

The new project is the latest addition to the FASB’s agenda, which has been packed with high-profile initiatives.

By Maura Webber Sadovi • Nov. 2, 2023

PayPal CEO pledges ‘leaner’ business, names new CFO

Alex Chriss, who took the top post in September, tapped a new finance chief Wednesday and pledged to better focus the digital payment company's strategy.

By Lynne Marek • Nov. 2, 2023

Trump Jr.’s testimony shines spotlight on ex-CFO’s authority

The role of former Trump Organization CFO Allen Weisselberg was once again scrutinized as Donald Trump Jr. became the first of the former president’s children to take the witness stand.

By Grace Noto • Nov. 1, 2023

Companies relying on foreign sales see Q3 earnings slump 4.7%

The dollar rose against other major currencies during the third quarter, eroding revenues at large companies such as Pfizer and Exxon Mobil, FactSet said.

By Jim Tyson • Oct. 31, 2023