Risk management: Page 2


  • A photo of an OOCL ship birthed at the port of Hong Kong
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    Courtesy of OOCL

    PCAOB gains breakthrough access to Chinese audit firms

    The PCAOB’s push for more transparency in China-based companies will enable CFOs and auditors who heavily rely on Chinese firms to better understand their partners’ operations.   

    By Dec. 15, 2022
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    Win McNamee via Getty Images

    Fed raises main rate by half point, signals higher level in 2023

    Fed Chair Jerome Powell said that recent progress in reducing inflation is not enough to forestall increases in borrowing costs in 2023.

    By Dec. 14, 2022
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    Spencer Platt via Getty Images

    Trump case spells benefits’ tax perils

    Underreporting “fringe benefits” has long been on the IRS’ radar but there appears to be a shift toward holding companies more accountable for tax reporting.

    By Dec. 14, 2022
  • Inflation slows, validating Fed plans for half point rate hike

    Fresh data show that the Fed is making progress in its fight against inflation and may pause its policy tightening early next year.

    By Dec. 13, 2022
  • founder of ftx sam bankman-fried
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    Craig Barritt via Getty Images

    DOJ, SEC charge Sam Bankman-Fried with defrauding investors

    Former FTX CEO Sam Bankman-Fried was arrested Monday night in the Bahamas and charged Tuesday with eight criminal counts including wire fraud.

    By Gabrielle Saulsbery • Dec. 13, 2022
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    Justin Sullivan via Getty Images

    Shoddy ESG data stymies 35% of senior executives: Deloitte

    CFOs have redoubled efforts to measure sustainability as the SEC completes a rule requiring disclosure of climate risks.

    By Dec. 12, 2022
  • Securities and Exchange Commission, SEC, Building in Washington DC
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    qingwa via Getty Images

    SEC calls for disclosure on crypto risks, citing ‘financial distress’

    The collapse of FTX has slammed scores of creditors, prompting SEC concerns that companies may suffer losses from direct or indirect links to crypto markets.

    By Dec. 9, 2022
  • Image of bitcoins.
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    Chris McGrath via Getty Images
    Opinion

    3 reforms for the post-FTX crypto era

    FTX’s collapse underscores the highly-centralized crypto market’s risks and blockchain’s importance as a defense against bad actors, Metallicus' CFO argues.

    By Irina Berkon • Dec. 9, 2022
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    Charnchai via Getty Images

    PCAOB warns of uptick in auditing flaws

    To avert flaws in reports, CFOs should keep auditors apprised of any big changes or new business risks and invest in internal controls.

    By Dec. 8, 2022
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    Blue Planet Studio via Getty Images

    US could skirt recession, former Fed economist says

    Inflation and economic uncertainty top business leaders’ worries, but easing supply chain pressures and a strong labor market could help the U.S. avoid a recession.

    By Dec. 8, 2022
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    utah778 via Getty Images

    US watchdog sanctions three KPMG global firms

    The PCAOB cracked down against KPMG for several alleged violations in the latest sign of tougher oversight of the accounting firms that audit publicly listed companies.

    By Dec. 7, 2022
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    FangXiaNuo via Getty Images

    CEOs trim hiring, capital investment plans: Business Roundtable

    CEOs facing a gloomier economic outlook have pared back expansion plans but do not necessarily expect a recession in 2023.

    By Dec. 6, 2022
  • Highway sign with the word "recession next exit" on it.
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    ZargonDesign via Getty Images

    Recession odds next year exceed 50%: NABE

    High inflation will persist next year but slow as employers trim growth in payrolls, forecasters told NABE in a survey.

    By Dec. 5, 2022
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    FangXiaNuo via Getty Images

    10 of the year’s biggest CFO stories

    As the year winds down, we wanted to take a moment to highlight some of the stories that have helped keep our readers in the know in 2022. 

    By Dec. 2, 2022
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    PeopleImages via Getty Images

    CFOs bolster finance teams with automation

    Although automation has the potential to add value, CFOs must be prepared for technology pitfalls.

    By Dec. 2, 2022
  • Tyson CFO pleads not guilty to criminal trespass, intoxication charges: reports

    Tyson Foods has drawn criticism from some corporate governance experts who have said the company should have taken a more aggressive stance on the arrest of its newly-minted CFO.

    By Dec. 1, 2022
  • the exterior of the federal reserve building in washington, dc
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    crbellette via Getty Images

    Fed’s Powell signals slower rate increases

    The Fed will likely raise the federal funds rate in lower increments as it assesses the impact from the most aggressive withdrawal of monetary stimulus since the 1980s.

    By Nov. 30, 2022
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    Sean Gallup via Getty Images

    Internal audit leaders flag cyberattacks as top 2023 risk: ManpowerGroup

    Chief audit executives struggle to fend off ransomware attacks as the tight labor market leaves them understaffed.

    By Nov. 29, 2022
  • Calistoga, California, that’s vulnerable to high winds and fire could switch to power held in a long-duration energy storage system.
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    David McNew / Stringer via Getty Images

    ESG score hurts credit rating for 20% of organizations: Moody’s

    More than half of organizations that issue speculative-grade debt faced a negative impact on their credit rating after a sustainability assessment.

    By Nov. 28, 2022
  • Inflation word on calculator in idea for FED consider interest rate hike
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    Khanchit+khirisutchaluai/Shutterstock.com

    ‘Inflation may have peaked’ as economy slumps: Fannie Mae

    The U.S. economy will likely shrink during this quarter and most of 2023 as the Federal Reserve cools demand and curbs inflation, Fannie Mae said.

    By Nov. 22, 2022
  • Two golden Christmas tree balls on wood.
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    The image by Marco Verch is licensed under CC BY 2.0

    Holiday clues appear in October retail sales

    Consumers will be relying on credit cards, their savings and heavy discounts in what is shaping up to be an uncertain season for retailers.

    By Daphne Howland • Nov. 22, 2022
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    Lukas Schulze via Getty Images
    Deep Dive

    CFO stressors: Four cures for inflation fever

    CFOs have seized on ways to shield profits against the worst price pressures in nearly 40 years.

    By Nov. 21, 2022
  • construction at The Boro in Tysons, VA
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    Permission granted by Associated Builders and Contractors

    U.S. will ‘narrowly avoid recession’: Goldman Sachs

    The Federal Reserve will slow the pace of tightening next month and early next year but not cut the federal funds rate until Q2 2024, Goldman Sachs predicted.

    By Nov. 18, 2022
  • SEC under fire
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    Chip Somodevilla via Getty Images

    SEC: Big fines make violations more than a cost of doing business

    The Securities and Exchange Commission ramped up enforcement and extracted record fines in fiscal year 2022, a signal to companies that it wants to see a change in behavior.

    By Robert Freedman • Nov. 17, 2022
  • U.S. economy contracted for second consecutive quarter
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    Baris-Ozer via Getty Images

    Most auditors pessimistic about economy: CAQ

    Inflation ranks as the top threat to U.S. companies in the coming months, according to auditors surveyed by the Center for Audit Quality.

    By Nov. 16, 2022