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

Deep Dive

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

Sponsored by Huron Consulting Group

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

Apple backs California climate bill requiring large companies to disclose carbon footprint

Senate Bill 253 would require businesses operating in the Golden State that make over $1 billion to report their greenhouse gas emissions annually.

By Zoya Mirza • Sept. 14, 2023

PwC curbs US offerings, pushes auditor independence

The Big Four firm is curbing its U.S. consulting offerings as concerns over auditor independence continue to swirl.  

By Grace Noto • Sept. 12, 2023

Bird Global appoints new CFO in latest C-suite shakeup

The cash-strapped e-scooter company is tapping Joseph Prodan to take its top financial seat as it faces the threat of potential bankruptcy.

By Grace Noto • Sept. 11, 2023

Kroger CFO details $1.4B opioid settlement payout plan

The Cincinnati-based grocer is the latest company to reach a settlement after being accused of playing a part in the opioid crisis.

By Maura Webber Sadovi • Sept. 8, 2023