Financial Reporting: Page 8
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SEC sanctions Moog Inc. for alleged bribes, accounting flaws in India
The SEC and Justice Department filed 21 enforcement actions last year alleging violations of the Foreign Corrupt Practices Act.
By Jim Tyson • Oct. 11, 2024 -
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Stellantis CFO to step down in shakeup at beleaguered automaker
The CFO swap comes amid criticism for company leadership due to declining sales, with the Jeep operator also facing a potential strike by U.S. workers.
By Grace Noto • Oct. 11, 2024 -
Explore the Trendline➔
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TrendlineCFO 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 -
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Deep DiveOpenAI’s $6.6B raise puts it at the tech’s vanguard. Will it be enough?
The raise left the Microsoft-backed company valued at $157 billion. But is a stable, profitable company lurking underneath all that funding?
By Grace Noto • Oct. 10, 2024 -
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KPMG backs 120-credit hour alternative CPA licensure option
Paul Knopp, KPMG U.S. Chair and CEO, called the deepening accounting talent shortage “a brewing crisis” that needs to be addressed in the “near term.”
By Maura Webber Sadovi • Oct. 9, 2024 -
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AICPA moves to amend financial statement standard
As companies are increasingly outsourcing accounting, the AICPA is looking to amend the standard for financial statements prepared by an external entity.
By Maura Webber Sadovi • Oct. 8, 2024 -
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Tinder parent Match promotes SVP to CFO
Match alum Steven Bailey will step into the company’s CFO seat as it fields demands from activist investors for change, including calls for a potential sale.
By Grace Noto • Oct. 8, 2024 -
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CFO compensation at recent IPO companies hits $1.2M average
Setting executive compensation has become more complex for companies considering an IPO because of regulatory, legal and other factors, Alvarez & Marsal said.
By Jim Tyson • Oct. 7, 2024 -
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New Salesloft CFO keeps eye on finance ‘fundamentals’
Though economic headwinds could accelerate a CFO’s shift to become a strategic leader, “business fundamentals” stay the same regardless, said Salesloft CFO Chris Nagy.
By Grace Noto • Oct. 7, 2024 -
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Jack in the Box controller takes third spin as interim CFO
For her third go-round as interim CFO, Jack in the Box controller Dawn Hooper will see a $19,500 monthly boost to her annual salary, the company said.
By Grace Noto • Oct. 4, 2024 -
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Online housing platform Opendoor brings in Google, eBay alum for CFO
Selim Freiha will take Opendoor’s financial reins as it weathers headwinds in a “challenging” housing market.
By Grace Noto • Oct. 2, 2024 -
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3 CFOs gauge rate cut’s impact
The Fed’s rate cut has handed floating-rate debt borrowers an immediate tailwind but CFOs are still grappling with new strategies that the move could elevate.
By Maura Webber Sadovi • Oct. 1, 2024 -
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Workday takes on Microsoft in race to transform corporate finance
The recent introduction of Workday Assistant, an AI companion, follows the release of Microsoft’s Copilot for Finance earlier this year.
By Alexei Alexis • Oct. 1, 2024 -
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Climate Week NYC 2024 delivers carbon removal deals, green banking coalition
The annual climate event launched with announced commitments to triple nuclear energy financing, decarbonization initiatives across the aviation sector and some carbon offset deals.
By Lamar Johnson • Sept. 27, 2024 -
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Ex-Guess Inc CFO takes top financial seat for retailer Puma
Guess alum Markus Neubrand will replace 19-year Puma veteran Hubert Hinterseher as CFO next month as the retailer continues efforts to improve its brand desirability.
By Grace Noto • Sept. 26, 2024 -
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Deep DiveNo, not all companies are abandoning diversity, equity and inclusion. Here’s why.
Amid a high-profile backlash, many businesses are scrutinizing their policies. But the vast majority end up sticking with DEI, in part because it’s key to growth.
By Daphne Howland • Sept. 26, 2024 -
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Controllers prep for ‘dramatic’ role changes, focus on value creation: EY
While controllers recognize that change is coming, and coming quickly, they “don't necessarily have a view on what that will look like,” EY’s Myles Corson said.
By Grace Noto • Sept. 25, 2024 -
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Owens & Minor appoints interim CFO to permanent seat
The appointment comes as the company targets $5 billion in revenue by 2028 for its Patient Direct segment.
By Grace Noto • Sept. 24, 2024 -
Photo illustration by HUB International; photographs via Getty Images
Sponsored by HUB InternationalSeize the day: Optimize your risk management strategy to improve your bottom line
As we move closer to 2025, the insurance market presents a window of opportunity with a period of relative stability compared to the volatility of recent years.
Sept. 23, 2024 -
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AIG hires Marsh veteran as CFO
The appointment comes after a predecessor, Shane Fitzsimons, stepped down for medical leave in 2023 and later passed away.
By Alexei Alexis • Sept. 19, 2024 -
Courtesy of FASB
FASB tees up GAAP codification cleanup for comment
The codification, effectively the bible for generally accepted accounting principles, is continuously updated.
By Maura Webber Sadovi • Sept. 19, 2024 -
Courtesy of Xerox
Xerox taps insider to succeed retiring CFO
The transition comes on the heels of recent financial challenges at the Norwalk, Connecticut-based tech company.
By Alexei Alexis • Sept. 18, 2024 -
Courtesy of Mastercard
Mastercard CFO to continue working after cancer diagnosis
Decisions on medical disclosures can be challenging for companies but Mastercard’s approach drew high marks from some corporate governance experts.
By Maura Webber Sadovi • Sept. 17, 2024 -
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SEC charges Kubient CEO, CFO with accounting fraud, misleading investors
Kubient’s ex-CEO, ex-CFO and former head of audit each lied to the business’ independent auditor and reported $1.3 million in false revenue, the SEC alleges.
By Grace Noto • Sept. 17, 2024 -
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Microsoft finance team puts Copilot to the test in transformation push
The software giant’s finance professionals have become some of Copilot's top users in the company, Microsoft’s Cory Hrncirik said.
By Alexei Alexis • Sept. 17, 2024 -
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AICPA, NASBA take big step toward CPA licensure option with less schooling
The accounting associations are seeking public comment on an alternative route to getting a CPA license that doesn’t require a fifth year of college.
By Maura Webber Sadovi • Sept. 16, 2024
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