Son of ex-Trump CFO details cozy lending ties

The judge presiding over the fraud case against the former president warned him and others to be quiet Wednesday as tempers flared.

By Maura Webber Sadovi • Oct. 18, 2023

US accounting degree graduates plunge 7.4%

Students snub accounting for reasons ranging from comparatively low pay to tough requirements for certification, according to financial executives.

By Jim Tyson • Oct. 17, 2023

Explore the Trendline➔

Top 5 stories from CFO Dive

The promises and traps of generative AI, revamped modern finance teams and stark geopolitical risks are among the top forces CFOs are grappling with this year.

By CFO Dive staff

Cost-cutting failed to save Rite Aid from Chapter 11

The pharmacy chain filed for bankruptcy as it struggled to offload $4 billion in debt, minimize its retail footprint and deal with thousands of opioid-related lawsuits.  

By Grace Noto • Oct. 17, 2023

Ex-Trump CFO lied under oath, Forbes says

The ex-finance chief perjured himself while testifying in the state of New York’s $250 million civil-fraud case against his former boss, Forbes alleged.

By Alexei Alexis • Oct. 13, 2023

PCAOB says 42% of auditors botched quality reviews

Since early 2022 the PCAOB has tightened standards, stepped up enforcement and intensified inspections of auditing firms.

By Jim Tyson • Oct. 13, 2023

FASB tightens draft environmental credit rule’s scope

The U.S. standard setter is developing the first accounting guidance to directly apply to certain environmental credits.

By Maura Webber Sadovi • Oct. 11, 2023

Ex-Trump CFO testifies NYC apartment size was inflated

Financial reporting practices are at the heart of the New York Attorney General’s civil-fraud case against former President Trump and his real estate company.

By Maura Webber Sadovi • Oct. 10, 2023

Ripple CFO departs for Maven Clinic amid SEC battle

CFO Kristina Campbell is leaving Ripple as the exchange continues to tussle with the SEC over the fate of its XRP token.  

By Grace Noto • Oct. 10, 2023

SEC cyber rules send execs scrambling as deadlines near

Companies face the thorny challenge of determining what constitutes a “material” cyber breach for reporting purposes.

By Alexei Alexis • Oct. 10, 2023

EY CFO departed following failed split: reports

Jamie Miller departed the Big Four firm just weeks after the failure of its plan to split its audit and consulting business into two distinct entities. 

By Grace Noto • Oct. 9, 2023

Smart corporate investing: Reduce tax bills with Investment Tax Credit transfers

The Inflation Reduction Act created a new option: Investment tax credit (ITC) transfers. With an ITC transfer, renewable energy developers sell their ITCs to taxpaying corporations. The developer receives cash immediately, and the corporation earns a locked-in profit by buying at a discount to par.

Oct. 9, 2023

RingCentral CFO keeps eye on sustainable growth

For finance chief Sonalee Parekh, the best way to drive profitability is to keep your eye on growth and product innovation.

By Grace Noto • Oct. 6, 2023

PCAOB chief slams auditors for 40% error rate

The federal overseer of audit firms last year doubled the number of enforcement orders compared with 2021 and imposed record penalties.

By Jim Tyson • Oct. 5, 2023

Xero: Rebranding accounting for a new generation

Recontextualizing accounting as an engaging, flexible field is key to enticing new candidates — and the CFO needs to be front and center at that cultural shift.

By Grace Noto • Oct. 4, 2023

FASB revisits GAAP cleanup

The board may remove some "non-authoritative" definitions from the codification — effectively the bible of generally accepted accounting standards.

By Maura Webber Sadovi • Oct. 3, 2023

SEC fines Newell Brands $12.5M for misleading investors

Newell veiled sub-par sales using various accounting changes and disregarded warnings from its audit committee and auditor, the SEC said.

By Jim Tyson • Oct. 3, 2023

Telecom firm former CEO, CFO charged with accounting fraud scheme

The former CEO and CFO of the bankrupt Pareteum Corp. face charges of artificially inflating the company’s revenue by more than $40 million.  

By Grace Noto • Sept. 29, 2023

PCAOB fines Deloitte affiliate $900,000

Sanctions by the PCAOB against Deloitte’s affiliate in Colombia reflect tougher oversight by the U.S. audit watchdog under the Biden administration.

By Jim Tyson • Sept. 28, 2023

3 valuation takeaways from fraud ruling in Trump asset case

The judge’s ruling is a cautionary tale for financial executives who might look to disclaimers to defend a potentially flawed real estate appraisal.

By Maura Webber Sadovi • Sept. 27, 2023

FASB sparks debate with proposed expense rule

The change would provide a remedy for income statements that are often a “hodge-podge” of data that is difficult to interpret, FASB Chair Richard Jones said.

By Maura Webber Sadovi • Sept. 26, 2023

Envestnet taps Blackrock, Treasury alum for CFO

Joshua Warren will take on the CFO seat as the company deals with continued headwinds in the wealth management sector.

By Grace Noto • Sept. 26, 2023

Why EBITDA has such a strong hold on retail

Is it the 'Wild West' of measures or a fair predictor of long-term success? Either way, retailers won’t quit talking about EBITDA.

By Dani James • Sept. 25, 2023

FASB weighs software capitalization threshold

For the first time in nearly 40 years the Financial Accounting Standards Board is working to update its guidance on software costs.

By Maura Webber Sadovi • Sept. 20, 2023

How to navigate stiff competition for talent in financial services

The Great Resignation’s not over yet, at least not according to recent articles from Forbes, the World Economic Forum and others.

By Joe Gladow and Alasdair Trotter • Sept. 18, 2023

Netflix CFO sees fallout from Hollywood strikes

The strikes are “not good for the business,” Netflix CFO Spencer Neumann said in a frank assessment of the situation’s financial impact.

By Alexei Alexis • Sept. 14, 2023