Morningstar CFO to step down after 7-plus years

Over the course of Jason Dubinsky’s tenure as finance chief, Morningstar’s revenue, operating profit and cash flow have more than doubled, the company said.

IRS CFO says robotic automation saved 30,000 labor hours

Partnering with software firm UiPath, the agency has tapped software robots to complete previously manual tasks, IRS CFO Teresa Hunter said Tuesday.

Most finance leaders believe sustainability targets out of reach: EY

CFOs leading companies active in the U.S. and Europe face a “fluid picture” when attempting to meet regulations for sustainability reporting, EY said.

Red Lobster names Checkers alum CFO after Chapter 11 restructuring

Bob Baker brings more than three decades of restaurant industry experience to his new position, having held finance chief roles at Checkers & Rally, Benihana, Pieology Pizzeria, and Café Rio Mexican Grill.

CFO competence ranked as a top factor in investor decisions

Investors are willing to increase their initial investment in an organization by an average of 2.6% when the CFO is the key strategic growth driver, OneStream found.

SEC settles charges with 4 firms it says downplayed SolarWinds hack exposure

The agency alleged Unisys, Avaya, Check Point Software and Mimecast misled investors about the extent of their respective cyber risks.

AICPA asks IRS for fresh cannabis tax guidance

The potential reclassification of marijuana as a Class III controlled substance has raised questions about tax benefits cannabis companies stand to gain.

FASB advances credit loss accounting relief for private firms

The credit loss rules grew out of the financial crisis and the concern that banks were delaying recognizing deteriorating asset values. 

HSBC names first woman CFO amid restructuring

The bank is simplifying its business into four spheres and has tapped its chief risk and compliance officer, Pam Kaur, to become its next finance chief.

CFOs key to effective AI change management: ShareFile

Isolating the technology’s “tangible value” is key to executing a successful, cost-effective AI strategy, ShareFile’s David Le Strat said.

Only 15% of companies have ROI metrics for GenAI: KPMG

The finding comes as many enterprises are deploying the technology on a larger scale.

Microsoft ups finance automation game with ‘AI agents’

The move comes as the AI innovation race among enterprise software providers is heating up.

Election 2024: Where Harris, Trump stand on AI regulation

Analysts expect Kamala Harris to largely continue the current approach to AI oversight, while Donald Trump’s promise to repeal a Biden executive order signals a major shift.

Weakening manufacturing demand clouds economic outlook: Conference Board

Amid minor headwinds to economic growth, “client concerns have shifted from recession to re-acceleration,” according to analysts at Bank of America Securities.

Huntington Bank CFO sees acceleration of fintech venture opportunities

Declining interest rates are opening the gateway for a “regrowth” of funding activity, Huntington Bank CFO Zachary Wasserman said.

Many middle market firms in ESG ‘wait and see’ mode, RSM says

While 75% of mid-sized companies have begun preparing for new climate-related regulations, 84% of respondents said they are monitoring developments before taking further action.

EY, PwC voice cautious support for 120-credit hour CPA licensure

The Big Four accounting firms are now all signalling varied degrees of support for a CPA licensure option that would require 30 fewer college credit hours.

RTX to pay more than $950M in bribery, fraud settlement: DOJ

The Securities and Exchange Commission alleged that last decade RTX, formerly known as Raytheon, used bogus subcontracts with a supplier to pay bribes of nearly $2 million.

Ex-Tyson CFO pleads guilty to drunk driving

The son of the company’s chairman and ex-CFO pleaded guilty to charges stemming from his second alcohol-related arrest in two years.

Retail sales exceed forecasts, underscoring solid 2024 economic growth

Recent signs of vitality have prompted some economists to mark up growth forecasts, despite weakness in manufacturing and a hiring slowdown early in the summer.

AICPA joins backlash against TurboTax ad campaign

The group said Intuit’s decision to halt the ad, which also drew pushback from the National Association of Tax Professionals, is a “positive step.”