Risk Management: Page 12
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Gensler stresses PCAOB’s importance following $400M budget approval
Trust in public company financials “can easily be taken for granted,” outgoing SEC Chair Gary Gensler warned in a statement on the audit watchdog’s budget.
By Grace Noto • Dec. 19, 2024 -
Fed trims main interest rate, signals prospect of less easing in 2025
Policymakers reduced the benchmark interest rate despite signs that their nearly three-year fight to push down inflation to their 2% target has stalled.
By Jim Tyson • Updated Dec. 18, 2024 -
Explore the Trendline➔
Mario Tama via Getty ImagesTrendlineTop 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 -
SEC cybersecurity enforcement outlook uncertain as Trump 2.0 looms
With issues such as cryptocurrency and climate change facing the next SEC chair, it’s unclear whether rolling back cybersecurity rules will be high on the priority list.
By Alexei Alexis • Dec. 17, 2024 -
MassMutual’s first female CFO looks back on her career, automation, and getting loud
Betsy Ward — the life insurer’s finance chief since 2016 — is retiring at the end of the year. She will be succeeded by Mary Jane Fortin, formerly of Thrivent Financial.
By Maura Webber Sadovi • Dec. 16, 2024 -
4 not-so-nice holiday compliance pitfalls employers should avoid
It’s important to think through how to handle inappropriate gifts, alcohol and workplace decorations in advance, attorney Jonathan Segal said.
By Ryan Golden • Dec. 16, 2024 -
Opinion
It’s time to prepare for FASB’s new compensation reporting rules
The new accounting standard will fundamentally change how businesses track and report compensation, especially with regards to bonuses and commissions, Mark Schopmeyer writes.
By Mark Schopmeyer • Dec. 13, 2024 -
SEC charges former Comtech CEO with insider trading
The charges against Ken Peterman are just the latest initiative by what, in some respects, has been the most aggressive SEC enforcement division on record.
By Jim Tyson • Dec. 12, 2024 -
Inflation rises, underscoring Fed’s challenge achieving 2% target
Traders in interest rate futures were unfazed by the report of persistent inflation, raising the odds that policymakers will trim the main interest rate.
By Jim Tyson • Dec. 11, 2024 -
Small business optimism surges to highest level in three years: NFIB
CEOs at the largest U.S. companies also see good times ahead, according to the Business Roundtable.
By Jim Tyson • Dec. 10, 2024 -
FTC warns 21 healthcare marketers against deceptive claims
The warnings come less than a week after the fatal shooting of a UnitedHealthcare CEO unleashed expressions of anger on social media about health insurer practices.
By Maura Webber Sadovi • Dec. 10, 2024 -
US poised for AI policy shake-up under Trump
The signs of a coming shift include Trump’s decision to tap former PayPal executive David Sacks as “AI and crypto czar,” according to attorneys at Perkins Coie.
By Alexei Alexis • Dec. 10, 2024 -
Credit risk rising as cyber attackers strike larger companies: Moody’s
Cybercriminals are increasingly deploying generative AI tools in their efforts at ransomware and fraud, Moody’s Ratings said.
By Jim Tyson • Dec. 9, 2024 -
Hiring rebounds amid hurricane, strike recovery as jobless rate edges up
Traders in interest rate futures raised the odds that the Federal Reserve will cut the federal funds rate by a quarter point on Dec. 18.
By Jim Tyson • Dec. 6, 2024 -
Super Micro proposed class actions head toward consolidation
Litigation alleging Super Micro, its CEO and CFO misled investors is poised to heat up. But an AI supercomputer project the company is involved in got a shout-out from Elon Musk.
By Maura Webber Sadovi • Dec. 6, 2024 -
Health insurers remove executive bios, images from websites after UnitedHealthcare CEO killing
UnitedHealth, Elevance and some BCBS plans have deleted senior leadership pages from their corporate sites, while Centene and CVS scrubbed images of their executives online.
By Rebecca Pifer • Dec. 6, 2024 -
Powell says solid economy gives Fed time to mull rate cut pace
Powell’s comments align with those of other Fed officials in recent days who backed a cautious approach to future reductions in borrowing costs.
By Jim Tyson • Dec. 4, 2024 -
Trump taps crypto lobbyist, business consultant to lead SEC
Trump’s nominee, Paul Atkins, served as a commissioner at the SEC under former President George W. Bush.
By Alexei Alexis • Dec. 4, 2024 -
Super Micro heeds committee call for new CFO amid process ‘lapses’
The tech company probe’s findings come on the heels of Big Four firm EY resigning in October from its position as Super Micro’s registered public accounting firm.
By Maura Webber Sadovi • Updated Dec. 4, 2024 -
Racial diversity falling among new corporate directors: Conference Board
The Securities and Exchange Commission is considering recommending a rule requiring companies to disclose more about diversity on their boards.
By Jim Tyson • Dec. 3, 2024 -
US manufacturing shrinks for eighth straight month: ISM
Some concerns about federal policy have eased since the November election, giving C-suite executives firmer footing as they complete business strategies for 2025.
By Jim Tyson • Dec. 2, 2024 -
Inflation accelerates as Fed officials view easing with caution
Some Federal Reserve officials said at a policy meeting this month that the central bank may hit its 2% inflation target later than expected.
By Jim Tyson • Nov. 27, 2024 -
Macy’s says accountant hid as much as $154M in expenses
The deliberately misleading accounting of expenses since the fourth quarter of 2021 did not disrupt cash management or vendor payments, Macy’s said.
By Jim Tyson • Nov. 25, 2024 -
Rise in US health benefit costs to accelerate to 10.2% next year: WTW
More than half of employers plan to trim health care costs by implementing strategies such as pharmacy benefit management, WTW said.
By Jim Tyson • Nov. 22, 2024 -
SEC’s Gensler to step down Jan. 20 after robust rulemaking, enforcement
The SEC, in one of its most far-reaching changes under Gensler, adopted rules to channel more trading of Treasury securities into central clearinghouses and curb illiquidity risks.
By Jim Tyson • Nov. 21, 2024 -
KPMG to invest $100M in Google Cloud effort
The move expands an existing alliance as KPMG looks to bolster its consulting services, including by developing advanced generative AI agents.
By Alexei Alexis • Nov. 21, 2024