Financial Reporting: Page

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    SEC charges Navy shipbuilder executives with accounting fraud

    Austal USA executives allegedly manipulated accounting in order to improve earnings in building the Littoral Combat Ship, the SEC said.

    By • April 3, 2023
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    Marketers, pricers are out of sync on inflation strategy

    CFOs have major decision power when it comes to developing pricing — the fastest lever companies can pull to adjust to inflation, Revionics’ Matt Pavich says.

    By Suman Bhattacharyya • April 3, 2023
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    Top 5 stories from CFO Dive

    To stay competitive many CFOs are focused on balancing AI’s risks and opportunities while also adjusting to fast-changing tariff policies and labor markets.

    By CFO Dive staff
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    Embattled EV maker Nikola promotes insider to CFO

    The EV maker’s CFO is stepping down following managerial turmoil in recent years.

    By Elizabeth Flood • March 28, 2023
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    FASB issues lease standards update

    The changes to lease accounting standards (Topic 842) provide narrowly targeted relief for some companies grappling with the guidance from 2016.

    By • March 27, 2023
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    Hertz CAO takes interim CFO seat

    Hertz’s CAO will assume interim financial leadership as the company looks to take advantage of recovering travel and boost its technology investments.

    By • March 27, 2023
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    Talent shortage frustrates internal auditors

    As AI swiftly extends the finance function’s potential for efficiency, audit leaders are concerned about the lack of skilled workers to support new advancements.

    By Elizabeth Flood • March 27, 2023
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    Hindsight 2020: An unlikely road to Snowflake’s CFO seat

    From a travel excursion to Italy to uncovering massive fraud, Mike Scarpelli had his fair share of challenges on his way to the CFO seat.

    By Elizabeth Flood • March 23, 2023
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    C-suite pay ‘paper losses’ emerge in PVP filings

    Executive compensation or what is effectively realizable pay swings from as much as $1 billion to negative $644 million, proxies from early filers show. 

    By • March 22, 2023
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    Fed hikes main rate by quarter-point, notes ‘resilient’ banking system

    The central bank tightened borrowing costs despite banking instability as inflation persists well above its 2% target.

    By • March 22, 2023
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    Papa Johns CFO resigns

    Ann Gugino, who has been at the pizza chain since 2020, is leaving effective May 31. Papa Johns has begun a search for a permanent CFO. 

    By Julie Littman • March 22, 2023
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    IRS issues NFT tax guidance

    The IRS seeks comment on NFTs’ treatment under the newly proposed tax guidance as regulators and lawmakers consider the future of cryptocurrency and digital asset spaces.

    By • March 21, 2023
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    Accountants head overseas for talent

    The lure of sexier jobs in the tech sector has cut into the number of U.S. students pursuing accounting careers. Looking abroad for talent may be the next best move.

    By Elizabeth Flood • March 21, 2023
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    IRS misses deadline for upgrading business transcript system

    The IRS has faltered as it shifts business tax transcript requests from a paper to an online system, according to the agency’s inspector general.

    By • March 20, 2023
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    Bipartisan Senate bill would bolster SEC whistleblower safeguards

    The SEC’s program for gathering tips on securities law violations has imposed $6.3 billion in sanctions since its creation.

    By • March 17, 2023
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    Does SVB failure expose CFO job creep’s weaknesses?

    The bank's chief risk officer seat was left vacant for much of 2022, raising questions about how such responsibilities are distributed and to whom in the modern C-suite.

    By • March 16, 2023
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    Nearly one-third of CFOs to diversify deposits across banks: study

    CFOs are looking to take immediate action to assess the risk and exposure to their businesses following recent bank failures.

    By Elizabeth Flood • March 16, 2023
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    SEC fines IT firm DXC $8M for ‘misleading’ disclosures

    DXC lacked adequate controls for the review, approval and classification of costs, according to the SEC.

    By • March 15, 2023
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    Courtesy of Courtesy of Luis Guillén for Saks
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    Burberry poaches CFO from McLaren

    The British luxury fashion house announced another change in its C-suite after naming a new CEO just last year.

    By Elizabeth Flood • March 15, 2023
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    SVB failure could cloud CFOs’ sunnier outlook

    CFOs are cautiously optimistic for 2023, according to Deloitte’s latest CFO signals survey, but the swift downfall of SVB could test that.

    By Elizabeth Flood • March 14, 2023
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    Signature Bank CFO among those named in investor lawsuit

    A proposed class-action complaint claims the bank and its leaders misled investors about Signature Bank’s financial standing.

    By Lyle Moran • March 14, 2023
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    Q&A

    Finance tech guru dishes on ChatGPT

    While the technology holds promise, concerns over the privacy risks are justified for now, finance tech expert Glenn Hopper says.

    By • March 13, 2023
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    SVB could be biggest story for CFOs since COVID-19

    The CFO Leadership Council held an emergency meeting on the Silicon Valley Bank crisis Friday while some finance leaders are bracing for broader ripple effects.

    By • March 13, 2023
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    SVB exposure: FAQs

    In the wake of Silicon Valley Bank’s weekend implosion, CFOs are left scrambling to figure out the fate of deposits, payments and loans, as well as how exposure to the bank could impact their business.

    By • March 13, 2023
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    DocuSign makes surprise CFO transition announcement

    Cynthia Gaylor is stepping down from her role as CFO as the company handles the aftermath of two rounds of layoffs and leadership team expansion.

    By Elizabeth Flood • March 13, 2023
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    Most companies lack technology needed for SEC climate rule: survey

    Global standard-setters face pushback from companies ill-equipped for complying with climate risk disclosure rules.

    By • March 10, 2023