Risk management


  • Image attribution tooltip
    Alex Wong via Getty Images

    SEC backs tougher rules for audits involving multiple firms

    SEC Chair Gary Gensler hailed efforts to avert significant errors in audits by multiple firms, including mistakes in the calculation of revenue and measurement of fair value.

    By Aug. 16, 2022
  • Image attribution tooltip
    Justin Sullivan via Getty Images

    Consumer sentiment rises on improved inflation expectations

    The falling price of energy and other essential goods buoyed consumer sentiments, the University of Michigan found in a survey this month.

    By Aug. 15, 2022
  • Image attribution tooltip
    Lukas Schulze via Getty Images

    ‘Inflation persistence has jumped’: Richmond Fed

    Price pressures, pumped up by the pandemic and other shocks, have proven more durable in the past several quarters compared with a period beginning in 2008.

    By Aug. 12, 2022
  • capitol, congress, lobbying
    Image attribution tooltip
    Getty via Getty Images

    Inflation Reduction Act may backfire: Tax Foundation

    Republicans and Democrats clash over the impact on inflation from a health care, climate and tax bill scheduled for a vote by the House.

    By Aug. 11, 2022
  • Image attribution tooltip
    Justin Sullivan via Getty Images

    Inflation slows but probably not enough to deter Fed tightening

    Central bank officials say they need to see consistent signs that price pressures are falling toward their 2% target before they declare victory against inflation.

    By Aug. 10, 2022
  • None
    Image attribution tooltip
    Orientaly via Getty Images

    IFF CFO sees ‘meaningful’ cost increases next year

    International Flavors & Fragrances CFO said the ingredient maker is rethinking contracts as part of its effort to combat inflation. 

    By Aug. 9, 2022
  • Business concept with hundred dollar bills on top of downtown buildings
    Image attribution tooltip
    skodonnell via Getty Images

    Inflation anxiety hits highest level since 1979: NFIB

    Small businesses flagged several reasons for pessimism beyond price pressures, including a tight labor market and crimped supply chains, NFIB found in a survey.

    By Aug. 9, 2022
  • Image attribution tooltip
    400tmax via Getty Images

    Companies reporting weak earnings go unpunished

    Several CFOs have announced disappointing second-quarter earnings while not triggering a decline in their company’s share price, FactSet said.

    By Aug. 8, 2022
  • Scales of justice and a gavel lay on a wooden table.
    Image attribution tooltip
    Pattanaphong Khuankaew via Getty Images

    Bankrupt Celsius pulls bid to hire ex-CFO

    Cryptocurrency firm Celsius pulls motion to tap its former CFO as a bankruptcy advisor following legal objections filed from investors.

    By Aug. 8, 2022
  • Image attribution tooltip
    Mario Tama via Getty Images

    ‘Hot’ job gains bolster case for aggressive Fed tightening: economists

    Payrolls grew last month at more than twice the consensus forecast, belying concerns that the U.S. economy is in recession.

    By Aug. 5, 2022
  • Securities and Exchange Commission, SEC, Building in Washington DC
    Image attribution tooltip
    qingwa via Getty Images

    SEC should require global tax disclosure: transparency group

    Spotty public disclosure by U.S. companies on foreign tax risk may erode investor confidence and increase the odds of financial market instability, according to the FACT Coalition.

    By Aug. 4, 2022
  • Cryptocurrency tokens lying next to a gavel
    Image attribution tooltip
    Just_Super via Getty Images

    Bankrupt Celsius, investors clash over former CFO advisory role, allege double dipping

    Investors are taking steps to block Celsius from tapping former CFO Rod Bolger as a bankruptcy advisor, a bid that comes with a costly $92,000 monthly price tag for the insolvent company.

    By Aug. 4, 2022
  • Two construction workers in reflective vests and blue hard hats stand on scaffolding.
    Image attribution tooltip
    Scott Barbour via Getty Images

    CFOs facing tight labor market revise pay, reward plans

    Companies are shifting how they attract employees as many “help wanted” signs go unanswered, Willis Towers Watson said.

    By Aug. 3, 2022
  • Image attribution tooltip
    Andreas Rentz via Getty Images

    FTC widens federal crackdown on COVID-19 scams

    The Federal Trade Commission triumphed in lawsuits against companies that in early 2020 exploited the rush to combat the coronavirus.

    By Aug. 2, 2022
  • Windmills behind a field of solar panels.
    Image attribution tooltip
    Kevork Djansezian via Getty Images

    CFOs look for consistency, transparency in emerging sustainability requirements

    CFOs globally are asking for added transparency and more consistency as regulatory bodies gear up to publish sustainability reporting standards later this year.

    By Aug. 1, 2022
  • SEC Chair Gary Gensler smiles
    Image attribution tooltip
    Chip Somodevilla via Getty Images

    SEC may take ‘fresh look’ at auditor conflicts of interest: Gensler

    Decades after the Enron accounting scandal led Congress to direct the SEC to create stronger barriers between auditors and other parts of their firms, auditor conflicts of interest persist.  

    By July 28, 2022
  • Background of american one dollar bills
    Image attribution tooltip
    OlyaSolodenko/iStock via Getty Images

    Recession likely to begin in first quarter 2023: Fannie Mae

    The Fed will probably succeed in slowing inflation but its withdrawal of stimulus may trigger a recession early next year, economists said.

    By July 22, 2022
  • A person holds their head in distress
    Image attribution tooltip

    Photo by Liza Summer from Pexels

    Most accountants suffer burnout: study

    A high level of chronic stress increases the rate of accounting error, prompting many companies to reopen their books after closing to fix mistakes.

    By July 21, 2022
  • A person clasps their head at their desk, in an office
    Image attribution tooltip
    Jay Yuno via Getty Images

    Confidence among CFOs, accountants falls to record low: survey

    Rising operating costs and persistent supply chain bottlenecks clouded CFOs’ outlook during the three months ending in June.

    By July 19, 2022
  • Workers tie rebar for the California high speed rail project
    Image attribution tooltip
    Permission granted by California High-Speed Rail Authority

    Nearly one-third of workers plan to quit: Conference Board

    Many CFOs are raising wages in order to curb near-record attrition in a highly competitive labor market.

    By July 18, 2022
  • The photo shows cannabis plants growing in a greenhouse.
    Image attribution tooltip
    Drew Angerer via Getty Images
    Opinion

    The ABCs and IRCs of cannabis accounting

    From cash control issues to inadequate reporting and point of sale (POS) software, accounting for cannabis dispensaries is no easy feat and the wrong move can land a company in serious legal trouble.

    By Andrew Hunzicker • July 14, 2022
  • Cash dollars lying on the ground
    Image attribution tooltip
    Rrraum via Getty Images

    Prices surge 9.1% as Fed girds for tougher inflation fight

    The jump last month in “core prices” — excluding volatile food and energy — signals that inflation was widespread. 

    By July 13, 2022
  • Image attribution tooltip
    Matias Delacroix via Getty Images

    Inflation knocks small business expectations to record low: NFIB

    Small businesses — a bellwether for U.S. economic trends — face persistent hiring challenges in a tight labor market.

    By July 12, 2022
  • Image attribution tooltip
    Sean Gallup via Getty Images

    Cloud computing adds value well beyond agility, efficiency: Deloitte

    Companies excelling in the use of cloud computing work with three or four cloud providers rather than only one or two and do not spend much more on cloud platforms and services than their rivals, Deloitte found in a survey.

    By July 11, 2022
  • Dollar bills and finance and banking on digital stock market financial exchange
    Image attribution tooltip
    SARINYAPINNGAM via Getty Images

    Auditors see inflation plaguing economy for at least 12 months: CAQ

    High inflation and tight labor markets have compelled many CFOs to revise business plans during the past several months. Most audit partners see the two challenges persisting.

    By July 8, 2022