The Latest
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Companies to shift 9% more nearshoring to Mexico
Mexico is poised to replace Canada as the second-most popular country for nearshoring, as its share of U.S.-serving supply chains is expected to rise to 36%.
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Most accountants see ethical challenges increasing: ACCA
Two-out-of-five accountants said they most frequently face ethical challenges at work because of weaknesses in company leadership and culture, the ACCA said.
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S&P Global swipes State Street CFO for finance chief
The credit ratings firm will pay State Street CFO Eric Aboaf a $2.4 million signing bonus when he takes their top financial seat in February.
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How hasty digital transformations can backfire
The stakes are high as companies race to adopt cutting-edge technologies like artificial intelligence and look to avoid falling behind competitors.
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Opinion
A CFO roadmap for successful and safe AI implementation
Teams must ensure that proper data governance and management policies are in place before even considering AI adoption, writes AvePoint’s Jim Caci.
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AT&T, Broadcom move toward settling legal feud
The two parties told the New York Supreme Court Friday they were making progress in resolution discussions over VMware support services.
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Female CFOs, CEOs at big companies outearn male counterparts
Women have made gains in recent decades at companies of all sizes but are far from attaining parity in all ways with men in the workplace, according to recent reports.
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Deloitte joins backers of 120-credit hours CPA licensure option
KPMG and now Deloitte have endorsed a proposed change in CPA licensure requirements allowing candidates to replace a fifth year of schooling with work experience.
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Lightpath CFO aims to drive finance team’s strategic focus
Newly-minted CFO Rachel Stack wants to ensure Lightpath’s financial talent has the tools they need to think more strategically.
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5 tips for businesses filing hurricane-related insurance claims
With Hurricanes Helene and Milton estimated to have cost tens of billions of dollars in damage, it’s important for businesses to carefully document the impact when filing insurance claims.
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SEC sanctions Moog Inc. for alleged bribes, accounting flaws in India
The SEC and Justice Department filed 21 enforcement actions last year alleging violations of the Foreign Corrupt Practices Act.
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Stellantis CFO to step down in shakeup at beleaguered automaker
The CFO swap comes amid criticism for company leadership due to declining sales, with the Jeep operator also facing a potential strike by U.S. workers.
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Opinion
Healthcare’s paper check disease
“The persistence of paper checks for patient refunds is not just an inconvenience — it's a symptom of a larger problem that threatens the very sustainability of healthcare organizations,” one software firm CFO writes in this opinion piece.
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Deep Dive
OpenAI’s $6.6B raise puts it at the tech’s vanguard. Will it be enough?
The raise left the Microsoft-backed company valued at $157 billion. But is a stable, profitable company lurking underneath all that funding?
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RBC’s ousted CFO lands at Canaccord
In April the Royal Bank of Canada fired its then CFO Nadine Ahn, citing an “undisclosed personal relationship” that violated its code of conduct. Ahn subsequently sued RBC for wrongful dismissal.
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Core consumer price inflation rises 3.3%, outpacing expectations
Despite higher-than-forecast price pressures, John Williams, president of the Federal Reserve Bank of New York, said “inflation has come within striking distance of our 2% goal.”
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AI adoption among CFO teams is ‘just starting to ramp up’
The research comes as enterprises are seeing an explosion of AI-powered software tools designed to streamline workflows.
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C-suites say both Trump and Harris would hurt U.S. competitiveness: PwC
The hard-to-predict outcome from the Nov. 5 election has compelled CFOs to scale back business expectations and forgo investment, recent surveys show.
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Election delays some M&A deals: report
Dealmakers are grappling with uncertainties around upcoming elections in the U.S. and elsewhere, a Datasite survey found.
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KPMG backs 120-credit hour alternative CPA licensure option
Paul Knopp, KPMG U.S. Chair and CEO, called the deepening accounting talent shortage “a brewing crisis” that needs to be addressed in the “near term.”
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Tinder parent Match promotes SVP to CFO
Match alum Steven Bailey will step into the company’s CFO seat as it fields demands from activist investors for change, including calls for a potential sale.
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Small business uncertainty hits record high: NFIB
High borrowing costs, a major cause of uncertainty, show no signs of easing even though the Federal Reserve last month cut the main interest rate by a half percentage point.
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AICPA moves to amend financial statement standard
As companies are increasingly outsourcing accounting, the AICPA is looking to amend the standard for financial statements prepared by an external entity.
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Corporate boards, C-suite teams urged to step up tech focus
The current tech landscape “now demands that businesses reinvent themselves to remain competitive,” according to a report by the National Association of Corporate Directors.
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Opinion
4 ways tech can help CFOs navigate a tricky ESG landscape
This year has marked the beginning of a groundswell of enhanced, regulated reporting on sustainability and climate data, writes Persefoni’s Emily Pierce.