The Latest
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Ohio gov signs alternative CPA licensure pathway bill into law
The move puts the Buckeye state at the forefront of the recent drive to address the talent shortage by widening on-ramps into the accounting profession.
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Sponsored by Taulia
The rise of AI in the finance function
After a relatively slow start compared to other corporate functions, the use of AI by finance teams has accelerated over the last year.
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Corporate hiring saw ‘more modest’ growth in December: ADP
Hiring growth slowed last month as CFOs continue to pay close attention to the labor market while crafting their 2025 business strategies.
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Cyberattacks, tech disruption ranked as top threats to business growth
Forty percent of executives view data breaches and leaks as the most financially burdensome man-made threats, a Chubb study found.
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Freddie Mac promotes interim finance chief to CFO
The mortgage finance giant’s new CFO James Whitlinger’s annualized target total direct compensation will be $2.4 million, including $600,000 in salary, according to an SEC filing.
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CFOs seek ‘right mix’ of skills for 2025: Gartner
Finance chiefs are seeking talent equipped with both technology and “analytical storytelling” skills to help meet their goals in the new year, Gartner’s Alexander Bant said.
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Deep Dive
Walking a tightrope: 6 CFO trends for 2025
Financial executives can gain an edge this year by monitoring six trends in federal policy and business strategy.
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FASB swiftly clarifies new DISE rule’s effective date
The board wanted to make clear that all public companies must comply with the new expense disclosure requirements in their first annual reporting periods beginning after Dec. 15, 2026.
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Palantir CFO sells $7M in stock amid valuation dip
The sale comes as a Morgan Stanley analyst cautioned that Palantir is “trading too far ahead” of its intrinsic value as it looks to take advantage of the generative AI boom.
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Microsoft plans to pour $80B into cloud data centers
The tech giant will funnel more than half of the investments into U.S.-based facilities, Microsoft Vice Chair and President Brad Smith said Friday.
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Opinion
Key FinOps trends for CFOs to watch in 2025
FinOps has traditionally been about cost cutting, but 2025 will mark a shift toward driving greater value and performance, writes Presidio’s Dan O’Brien.
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Uber CFO says stock is ‘undervalued;’ proceeds with $1.5B buyback
The buyback comes as the ride-hailing service aims to boost its free cash flow and refocuses on autonomous vehicles.
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FASB pursues agenda refresh
Narrower projects could be in store for the accounting-standard setter as some stakeholders want more guidance on hot- button issues like crypto and goodwill.
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New Apple finance chief gets $1M salary
Kevan Parekh took over as Apple’s CFO effective Jan. 1, replacing Luca Maestri, who has assumed a new role at the tech giant.
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FCC net neutrality rule among first to fall in Loper Bright decision’s aftermath
No longer bound by deference to regulators, a Sixth Circuit panel ruled that the Biden administration cannot enforce stricter regulation policy on internet service providers.
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Apartment REIT UDR’s CFO takes on chief investment officer role
The Colorado-based real estate investment trust is on the hunt for a new finance chief to succeed Joseph Fisher.
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SEC gives PCAOB more leeway in de-registering accounting firms
A new rule could trigger withdrawal of PCAOB registrations beginning in the fall of 2026, the SEC said.
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Indiana health system ex-CFO to get $6.3M whistleblower settlement
As part of a $145.7 million settlement, CHN will pay $6.3 million to its ex-CFO, with attorney fees still to be determined, the company said.
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Did Costco just reset the narrative around DEI?
In contrast to a slew of companies, the warehouse retailer has forcefully rejected an anti-DEI shareholder proposal as bad for business.
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4 CFO pricing strategy tips for 2025
With tariffs proposed by the incoming Trump administration poised to potentially spur inflation, a top consultant predicts companies will consider price hikes again this year.
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Jobless claims fall to eight-month low, signaling steady labor market
Traders in interest rate futures have increased the probability that Fed policymakers this month will hold the federal funds rate at its current level.
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Sustainability profession at ‘crossroads’ amid stiff compliance: Trellis
Compliance is becoming a bigger part of a sustainability executive’s role, coupled with greater oversight from legal and CFO teams, according to the research firm.
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The radical transparency era is here: ready or not, CFOs
CFOs need to gain a baseline understanding of how their companies are perceived externally — those that don’t are “flying blind,” McKinsey’s Andy West says.
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Intel shareholders look to yank back ex-CEO, CFO compensation
CFO David Zinsner along with the company’s former CEO misled shareholders about the financial performance of Intel’s foundry unit, shareholders allege.
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Tariffs could jump by $800B annually: PwC
Businesses should prepare for wide-ranging impacts stemming from a new presidential administration, including the need to revamp supply chains and cost structures.
Updated Dec. 20, 2024 -
Audit fees poised to rise further after 6.4% hike in latest cycle, report says
Additional pressure on audit pricing is expected to come from regulatory changes on the horizon such as the FASB’s income statement expense rules, FERF reports.