The modern challenges for CFOs

Mike Kelly of Ernst & Young (EY), talks talent retention, inflation, ESG reporting requirements and how these evolving issues are reshaping the top financial seat.

By Elizabeth Flood • Sept. 1, 2022

Deere & Co swaps CFOs following narrowed outlook

Joshua Jepsen will move from deputy financial officer to CFO for Deere & Company in the latest series of executive swaps from the farm equipment manufacturer.

By Grace Noto • Sept. 1, 2022

Why C-suites need to get more serious about harnessing tax technology

More than half of the C-suite executives surveyed said they’re not using their tax data to scenario-plan around policy changes or identify tax credits, a KPMG report found.

By Greg Engel • Sept. 1, 2022

FASB narrows cryptocurrency project scope, excludes NFTs

FASB has come around to recognizing the need for a better crypto accounting model as calls to safeguard investors against abuses rise.

By Maura Webber Sadovi • Aug. 31, 2022

UNFI, General Mills alum moves to Life Time Group CFO seat

UNFI and General Mills financial alum Robert Houghton moves to the CFO position for fitness and recreational sports center operator Life Time Group Holdings as the firm takes steps to recover from pandemic-induced losses.

By Grace Noto • Aug. 30, 2022

CFOs more worried about inflation than recession: Deloitte

Nearly three quarters of CFOs are more concerned about persistent inflation than a recession, Deloitte’s third-quarter survey found.

By Elizabeth Flood • Aug. 30, 2022

Earnings Roundup: Automakers confront clogged supply chains, recession fears

CFOs from GM, Rivian and Uber indicate positive trends for the second half of the year despite facing lingering supply chain challenges as recession looms.

By Grace Noto • Aug. 29, 2022

Guide: How to turn your tax function into a strategic profit centre

Many tax department heads and CFOs believe their organisations’ tax function needs to become more efficient and well-integrated.

Aug. 29, 2022

PCAOB, Chinese authorities reach deal as delisting threat looms

SEC Chair Gary Gensler cautioned that foreign issuers that want access to U.S. public capital markets must be on a level playing field with U.S. firms.

By Maura Webber Sadovi • Aug. 26, 2022

SEC adopts pay-versus-performance disclosure rules

The rule, revived from a 2015 proposal, requires companies to include a table tracking both executive compensation and financial performance indicators for a five-year period.

By Grace Noto • Aug. 26, 2022

Payoneer CFO battles e-commerce slowdown

Payoneer is counting on global growth and new services to offset what CFO Michael Levine called e-commerce “softness.”

By Caitlin Mullen • Aug. 26, 2022

Honor Technology taps Google alum as new CFO

As Honor Technology looks to grow, it tapped industry veteran Andrew Steinberg as its financial leader.

By Elizabeth Flood • Aug. 26, 2022

Flagging Dollar Tree snags Qurate CFO in latest executive swap

Departing Qurate Retail Group CFO Jeffrey A. Davis will move into the top financial seat for Dollar Tree as the discount retailer revamps its C-suite and board after cleaning executive house.

By Grace Noto • Aug. 25, 2022

UnitedHealth CFO named in amended class action

UnitedHealth CFO John Rex put the company’s business dealings with Wells Fargo ahead of ERISA obligations, the complaint alleges. 

By Elizabeth Flood • Aug. 25, 2022

Fitch sees ‘modest’ tax headwind from Inflation Reduction Act

Fitch’s assessment comes as CFOs, accountants and tax-preparers are just beginning to grapple with the Inflation Reduction Act’s tax implications.  

By Maura Webber Sadovi • Aug. 24, 2022

Earnings Roundup: Big oil CFOs brace for inflation, eye demand

Exxon and Chevron finance chiefs signaled on second quarter earnings calls that they are closely tracking demand as recession worries loom.  

By Grace Noto • Aug. 23, 2022

Credit Suisse appoints new CFO in executive shuffle

Credit Suisse has named a former Deutsche Bank exec as its new CFO as part of a series of executive changes at the top.

By Elizabeth Flood • Aug. 22, 2022

FASB calls for comments on tax credit change

The move marks another step toward simplifying accounting rules related to Renewable Energy Tax Credits and several other credit programs.

By Maura Webber Sadovi • Aug. 22, 2022

Walmart CFO eyes payments opportunities

With PayPal’s former CFO on board, the retail behemoth is assessing its prospects in the payments arena near and far.

By Lynne Marek • Aug. 22, 2022

The accounting profession is making bold moves to increase diversity

The CAQ surveyed nearly 4,000 students and found that Black and Hispanic business majors who have considered accounting degrees perceive several barriers to entering the profession. Leaders in the field are taking action and investing in change.

Aug. 22, 2022

EY requests ‘immediate’ Treasury tax guidance on split-offs

Accountants and tax-preparers are just beginning to grapple with the ramifications of the new 15% Corporate Alternative Minimum Tax.

By Maura Webber Sadovi • Aug. 19, 2022

Former Trump CFO pleads guilty in tax scheme

At the core of the charges that Trump Organization executive Allen Weisselberg pleaded guilty to Thursday is a scheme to evade income taxes by hiding compensation.

By Maura Webber Sadovi • Aug. 18, 2022

SEC accepts crypto update to GAAP taxonomy

The accounting changes come as crypto-asset valuations have taken a beating and drawn increasing regulatory scrutiny.

By Maura Webber Sadovi • Aug. 17, 2022

Walmart CFO aims for market share as shoppers trade down

The retail giant’s pricing strategy — geared to budget-conscious consumers — includes plans for an under-$50 Thanksgiving meal for four.

By Maura Webber Sadovi • Aug. 16, 2022

Home Depot gains record profit on home improvement craze

Home Depot reported record Q2 revenue, with homeowners’ strong balance sheets helping the company to navigate successfully through inflationary pressures.

By Grace Noto • Aug. 16, 2022