Risk management: Page 2

  • Aerial front view of a loaded container cargo vessel traveling over calm ocean
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    Supply chains unclogging, slowing inflation: report

    With coronavirus disruptions waning, goods are flowing more smoothly across the economy, reducing price pressures, RSM said.

    By Aug. 19, 2022
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    U.S. may fall into recession by early 2023: Conference Board

    Factors including stock market volatility and a slump in both housing construction and manufacturing orders could cause a downturn by early next year.

    By Aug. 18, 2022
  • Allen Weisselberg is shown wearing a striped tie, white shirt and dark suit jacket leaving a Manhattan court.
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    Former Trump CFO pleads guilty in tax scheme

    At the core of the charges that Trump Organization executive Allen Weisselberg pleaded guilty to Thursday is a scheme to evade income taxes by hiding compensation.

    By Aug. 18, 2022
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    Chip Somodevilla via Getty Images

    Fed planned more tightening while noting risk of going too far

    Central bank officials last month gave no indication of plans to slow their fight against inflation while noting an imperative to alter policy based on fresh economic data.

    By Aug. 17, 2022
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    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
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    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
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    ‘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
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    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
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    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
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    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
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    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
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    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
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    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
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    ‘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
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    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
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    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.
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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.
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    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