Predictable spend can flip view of legal as cost center

Every CFO's in-house legal team has matters with well-defined outlays. The department should aim to realize those easy wins to show control is within reach, a budget specialist says.

By Robert Freedman • June 23, 2022

Just one in three CFOs have appetite for more risk: Deloitte

Finance chiefs in the technology, financial services, and manufacturing industries were the least inclined to take on more risk, according to the Deloitte survey.

By Maura Webber Sadovi • June 21, 2022

Explore the Trendline➔

CFO best practices in the evolving generative AI era

As the initial frenzy around the launch of generative artificial intelligence subsides, a new GenAI era appears to be taking shape.

By CFO Dive staff

Discover CFO eyes benefits of downturn

As smaller fintechs grapple with restructuring challenges, the card company expects there will be more opportunities for it in hiring talent and acquiring businesses, said CFO John Greene.

By Caitlin Mullen • June 21, 2022

Looking towards the future: Emerging demands in reporting and ESG

What public companies disclose has long been driven – at least in part – by investors. In the case of ESG, it is no different.

June 21, 2022

FASB drops four-year project changing goodwill accounting

The U.S. accounting standard-setter shelved a proposal recasting how companies account for an estimated $3.6 trillion in goodwill on their balance sheets.

By Jim Tyson • June 16, 2022

Gensler sees limit to SEC rule on carbon emissions disclosure

The SEC would only require disclosure on carbon emissions across a supply chain from companies that have publicly committed to revealing such information, Gensler said.

By Jim Tyson • June 14, 2022

May inflation spike likely to prod Fed to more aggressive action

May CPI data shows inflation rose 8.6% in the latest 12 months, its fastest in 40 years, extinguishing hopes inflation had reached its peak.

By Grace Noto • June 10, 2022

Controllers should close company books 'better,' not just faster: Gartner

Even after buying the newest technology, controllers may cling to decades-old procedures and miss opportunities to streamline closing of company books, according to Gartner.

By Jim Tyson • June 9, 2022

Crypto framework would define SEC, CFTC oversight purview

The crypto bill comes as CFOs across industries are grappling with regulatory and accounting issues stemming from the rapidly evolving digital sector.

By Robin Bradley • June 8, 2022

EU 15% global minimum tax directive could impact US: KPMG

CFOs of multinational companies bracing for the 15% global minimum tax should watch how Poland leans on the matter this month to get a better gauge of how quickly rules could be implemented.

By Maura Webber Sadovi • June 6, 2022

Tanger REIT abruptly ousts CFO, 28-year company veteran

Tanger Factory Outlet Centers begins the hunt for a new CFO after ousting 28-year company veteran James Williams as CFO, Treasurer and EVP, a company filing shows.

By Grace Noto • June 6, 2022

With the 20th anniversary of the landmark Sarbanes Oxley Act, spotlight on the impact to auditor independence

A look at the lessons and accomplishments of SOX. Since passing the bipartisan law, there has not been a serious case of public company financial fraud in the United States.

June 6, 2022

May notches lowest job gains since pandemic recovery: ADP

ADP reported nonfarm private sector employmers added 128,000 jobs in May, marking the lowest gains since the start of pandemic recovery and potentially indicating a modest decline in unemployment figures.

By Grace Noto • June 2, 2022

Repay CFO uses 5% raises, retention packages to win workers

While some payments players have pared jobs, Repay CFO Timothy Murphy plans to continue hiring and said there's been "no slow down in growth for our core markets."

By Maura Webber Sadovi • June 2, 2022

SEC pushes crackdown on COVID-19 scams

Several companies have sought to cash in on public anxiety and investor eagerness by making false claims about the availability of products to combat the coronavirus.

By Jim Tyson • June 1, 2022

FASB takes up environmental credits, carbon offsets

The U.S. standard setter's move to upgrade environmental credits to its technical agenda signals another new priority for FASB.

By Maura Webber Sadovi • May 27, 2022

Restatements surge to 15-year high on SPAC filings

Tougher SEC oversight triggered a wave of SPAC restatements in 2021 and chilled the market in so-called blank-check companies.

By Jim Tyson • May 26, 2022

Climate-related disclosure annually costs companies $677,000 on average

The Securities and Exchange Commission is pushing a climate risk disclosure rule that would require companies to budget for detailed analysis of their greenhouse gas emissions.

By Jim Tyson • May 25, 2022

SEC charges BNY Mellon unit with making false ESG statements

The SEC has stepped up its efforts to ensure companies accurately report their adherence to sustainability best practices.

By Jim Tyson • May 23, 2022

Just 30% of CFO-CIO relationships are 'collegial': Gartner

More collaborative partnerships likely yields better digital outcomes because the CFO and CIO “tend to act like members of the same team instead of creating decision-making friction," the survey report states. 

By Maura Webber Sadovi • May 19, 2022

Moderna may seek to claw back payments to ex-CFO

The vaccine-maker Moderna said it has the right to recoup any and all payments to ex-CFO Jorge Gomez if the company determines he engaged in any wrongdoing, according to an amended SEC filing Friday. An earlier filing said he would be provided a 12-month salary totaling $700,000 under a severance agreement.

By Maura Webber Sadovi • May 17, 2022

FASB shifts to prioritize 'rapidly evolving' crypto assets

The board is getting serious about improving accounting standards for digital assets even as a crypto market slump is hammering valuations.   

By Maura Webber Sadovi • May 12, 2022

SEC fines NVIDIA $5.5M for failing to disclose cryptomining impact

NVIDIA rode the rush into crypto assets as customers used its gaming devices for cryptomining. The SEC penalized the company for allegedly not disclosing how it gained from the crypto boom.

By Jim Tyson • May 11, 2022

Moderna CFO exits abruptly amid probe at former company

Jorge Gomez's departure came just one day after he took the reins as CFO of Moderna, which has become a household name due to the rapid development and success of its coronavirus vaccine. 

By Maura Webber Sadovi • May 11, 2022

Chipotle CFO doesn't rule out more food inflation despite pause

Finance chief Jack Hartung said the restaurant chain has raised prices by a total of about 10% for the 12 months through the first quarter compared to 2% in a typical year.

By Maura Webber Sadovi • May 10, 2022