Yellen says commercial real estate losses may leave banks ‘quite stressed’

Bank regulators aim to avert turmoil caused by a slump in the value of commercial real estate, Treasury Secretary Janet Yellen said in testimony to a House committee.

By Jim Tyson • Feb. 6, 2024

Clorox says it incurred $49M in costs from 2023 cyberattack

The breach caused system disruptions that led to order processing delays and “significant product outages,” negatively impacting net sales and earnings.

By Alexei Alexis • Feb. 6, 2024

Ex-Trump CFO in perjury plea talks: NY Times

A potential deal requiring ex-Trump CFO Allen Weisselberg admit to perjury comes as a ruling is imminent in the NY AG’s $370 million civil fraud case. 

By Grace Noto • Feb. 2, 2024

SEC wins legal victory against former tech CFO in accounting fraud case

Former CFO Karen Rosenberger is accused of helping software provider Synchronoss to engage in “long-running accounting improprieties.”

By Alexei Alexis • Jan. 31, 2024

CFOs must keep focus on ‘streamlined, clean’ data, Infosys exec says

Wrestling insights out of previously siloed data in a compliant, effective manner is paramount for CFOs looking to take advantage of generative AI technologies.

By Grace Noto • Jan. 30, 2024

TIAA sues SVB ex-CEO, ex-CFO to recoup investment losses

The conduct of Silicon Valley Bank’s former leaders has come under heavy fire since its collapse last year, which marked the largest banking failure seen since 2008.

By Grace Noto • Jan. 29, 2024

SEC kicks dead SPAC horse with new rules

The commission is taking action to rein in SPACs as the once booming market is struggling to recover from a slump.

By Alexei Alexis • Jan. 25, 2024

2024 proxy outlook: What’s driving the ESG proposal approval dip?

Major asset managers and a spate of anti-ESG proposals helped push approval rates down, yet even more ESG proposals are expected after a record 2023.

By Lamar Johnson • Jan. 25, 2024

76% of companies link pay to ESG performance in rising trend: WTW

The biggest companies are weaving ESG into pay incentives despite a backlash against the use of sustainability as a metric for corporate performance.

By Jim Tyson • Jan. 24, 2024

EY: As AI compliance looms, CFOs are strategy ‘nerve center’

Balancing innovation with compliance, CFOs are essential in creating companies’ AI strategy, EY’s Liban Jama said.

By Grace Noto • Jan. 22, 2024

NY AG, Trump clash in final $370M civil fraud tug-of-war

Attorneys laid out their closing arguments in the NY AG’s $370 million civil fraud trial that has put accounting under a surprising spotlight.

By Grace Noto • Jan. 11, 2024

Seeking ‘Goldilocks’: 5 CFO trends for 2024

Financial executives in the new year must protect profits by adapting to trends ranging from falling price pressures and borrowing costs to federal disclosures on carbon emissions.

By Jim Tyson • Jan. 9, 2024

2024 tech events for CFOs

CFO Dive compiled a list of tech-related events for finance leaders, touching on topics such as digital transformation, AI and cybersecurity.

By Alexei Alexis • Jan. 9, 2024

Firms still scrambling over SEC cyber rules: poll

Grant Thornton found that many companies have taken steps to comply with the new rules, “but some still have work to do.”

By Alexei Alexis • Jan. 9, 2024

Deloitte rolls out in-house generative AI platform for coding, researching

Around 75,000 employees are beginning to use PairD to assist with daily tasks. The firm expects a total of 100,000 workers will gain access to it in the next six months.

By Lindsey Wilkinson • Jan. 8, 2024

NY AG seeks ‘lifetime’ ban of Trump, ex-CFO from NY real estate

The New York Attorney General’s office has also upped the fine it is asking the judge to impose on the Trump Organization to $370 million.

By Grace Noto • Jan. 5, 2024

IRS unlocks 15% corporate minimum tax’s handcuffs

The guidance is the latest in a slew of IRS directives issued as questions have swirled around the new tax on big companies.

By Maura Webber Sadovi • Jan. 3, 2024

CFOs must take an ROI-centered approach to global expansion

To access top talent in new markets, finance chiefs need to keep their focus on value creation and ROI, CFO Simone Nardi advises.  

By Grace Noto • Dec. 19, 2023

Firms advised to prepare for tough enforcement of SEC cyber rules

Effective Monday, public companies other than small reporting businesses will now be required to comply with the SEC’s new breach disclosure mandates. 

By Alexei Alexis • Dec. 19, 2023

FASB pushes crypto, tax rules over finish line

The U.S. standard setter has issued nine new accounting standards updates so far this year, compared to six in all of 2022.

By Maura Webber Sadovi • Dec. 15, 2023

Kraft Heinz probes ransomware attack claim

The food and beverage company attributed the potential attack to a decommissioned marketing site and said internal systems are operating normally.

By Matt Kapko • Dec. 15, 2023

3 tips for SEC cyber rule stragglers

With breach reporting enforcement set to begin in just days, stragglers should be treating readiness as a “super-high priority,” says Deloitte’s Daniel Soo.

By Alexei Alexis • Dec. 14, 2023

4 accounting takeaways from this week’s FASB congressional hearing

Lawmakers pressed FASB and PCAOB leaders to explain how they’re approaching regulations in the wake of the recent bank and crypto crises.

By Maura Webber Sadovi • Dec. 14, 2023

Trump holds responsibility for GAAP compliance, NY AG expert said

The Trump Organization is ultimately responsible for ensuring their financial statements are compliant, rather than their accountants, professor of accounting Eric Lewis said.

By Grace Noto • Dec. 13, 2023

NY AG disputes Trump expert’s GAAP analysis

Attorneys for both the NY AG’s office and the former president zeroed in on particular provisions of GAAP as the $250 million civil fraud trial winds down.

By Grace Noto • Dec. 12, 2023