Brainard urges more oversight of crypto

The Federal Reserve vice chair on Friday said the May collapse of the Terra stablecoin, which wiped out millions of dollars in a matter of days, was “reminiscent of classic runs throughout history.”

By Anna Hrushka • July 11, 2022

GameStop ousts CFO, taps former interim finance chief

Michael Recupero’s exit could be a signal that GameStop’s effort to “Amazon-ify” its business isn’t working. 

By Maura Webber Sadovi • July 8, 2022

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

Binance.US snares former PayPal CFO for future IPO

PayPal alum Jasmine Lee will head up the financial team for cryptocurrency exchange Binance.US as it continues to chart a course to an IPO among a roiled market.

By Grace Noto • July 7, 2022

BNY Mellon poaches new CFO from Goldman Sachs

BNY Mellon’s pick of Dermot McDonogh as CFO comes just months after the bank announced Robin Vince would succeed CEO Todd Gibbons, who is retiring.

By Maura Webber Sadovi • July 6, 2022

Federal auditor watchdog reveals inspection goals for 2022

The Public Company Accounting Oversight Board describes its main points of scrutiny this year as audit firms face criticism from their clients and regulators.

By Jim Tyson • July 5, 2022

How CFOs can free liquidity from insurance 'collateral jail'

Insurance collateral financing now offered by the 1970 Group is designed to solve a pain point that has long vexed treasurers and finance executives who opt for loss-sensitive policies to lower premiums.

By Maura Webber Sadovi • July 5, 2022

Excel skills remain top of list for FP&A roles: report

Advanced use of Excel is still required for the majority of FP&A jobs, with nine out of 10 top U.S. companies still seeking out Excel proficiency when filling financial analysis roles, DataRails finds.

By Grace Noto • July 1, 2022

Investors nudged FASB to crypto, carbon credits: report

The U.S. accounting standard setter drew a three-fold jump in investor feedback after launching an initiative in 2020 to get more input on where it should focus its efforts.

By Maura Webber Sadovi • June 30, 2022

SEC fines EY $100M for ethics exam cheating

The SEC penalty against EY follows a $50 million fine against KPMG in 2019 for cheating on internal training exams.

By Jim Tyson • June 28, 2022

With Roe overturned, employers eye changes to abortion-access benefits

With politics increasingly becoming a workplace issue, employers and C-suite executives have had to navigate how and when to make statements and changes to benefits.

By Emilie Shumway • June 27, 2022

EU global minimum tax plan hits Hungarian road 'bump'

Hungary’s eleventh hour opposition included concerns about the war in Ukraine and fears about being a first mover on the Pillar Two rules, according to a PwC report. 

By Maura Webber Sadovi • June 27, 2022

FASB preps to revamp 'outdated' accounting for software

FASB’s latest move comes as the typically slow-moving U.S. standard-setter has been on something of a tear lately, grappling with hot-button issues including cryptocurrency and goodwill.

By Maura Webber Sadovi • June 23, 2022

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

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