IRS targets corporate, wealthy tax cheats

The federal tax collector plans to expand enforcement staff and reverse a decline in audit rates for businesses and households earning more than $400,000 per year.

By Jim Tyson • April 7, 2023

Walmart automates to combat inflation, CFO says

The retailer is upping its investments in automation as it looks to manage costs and pricing during an inflationary environment.

By Grace Noto • April 7, 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

5,000 GM workers opt for buyout plan, CFO says

The company buyout is part of a GM program aimed at cutting costs by $2 billion by the end of 2024 while avoiding layoffs.

By Alexei Alexis • April 5, 2023

Modern finance goes leaner

No matter how big a company’s finance department is these days, it’s most likely much smaller than it would have been just a few decades ago.

By Chris Gaetano • April 5, 2023

No, AI isn’t coming for your CFO seat

CFOs are likely here to stay for the foreseeable future, despite predictions that automation will transform corporate finance functions, experts say.

By Alexei Alexis • April 3, 2023

WANdisco appoints interim CFO as finance chief, CEO step down

The British cloud computing company said the resignations of the firm’s CEO and CFO are not connected to the ongoing investigation into the company’s finances.  

By Grace Noto • April 3, 2023

SEC charges Navy shipbuilder executives with accounting fraud

Austal USA executives allegedly manipulated accounting in order to improve earnings in building the Littoral Combat Ship, the SEC said.

By Jim Tyson • April 3, 2023

Marketers, pricers are out of sync on inflation strategy

CFOs have major decision power when it comes to developing pricing — the fastest lever companies can pull to adjust to inflation, Revionics’ Matt Pavich says.

By Suman Bhattacharyya • April 3, 2023

Embattled EV maker Nikola promotes insider to CFO

The EV maker’s CFO is stepping down following managerial turmoil in recent years.

By Elizabeth Flood • March 28, 2023

FASB issues lease standards update

The changes to lease accounting standards (Topic 842) provide narrowly targeted relief for some companies grappling with the guidance from 2016.

By Maura Webber Sadovi • March 27, 2023

Hertz CAO takes interim CFO seat

Hertz’s CAO will assume interim financial leadership as the company looks to take advantage of recovering travel and boost its technology investments.

By Grace Noto • March 27, 2023

Talent shortage frustrates internal auditors

As AI swiftly extends the finance function’s potential for efficiency, audit leaders are concerned about the lack of skilled workers to support new advancements.

By Elizabeth Flood • March 27, 2023

Hindsight 2020: An unlikely road to Snowflake’s CFO seat

From a travel excursion to Italy to uncovering massive fraud, Mike Scarpelli had his fair share of challenges on his way to the CFO seat.

By Elizabeth Flood • March 23, 2023

C-suite pay ‘paper losses’ emerge in PVP filings

Executive compensation or what is effectively realizable pay swings from as much as $1 billion to negative $644 million, proxies from early filers show. 

By Maura Webber Sadovi • March 22, 2023

Fed hikes main rate by quarter-point, notes ‘resilient’ banking system

The central bank tightened borrowing costs despite banking instability as inflation persists well above its 2% target.

By Jim Tyson • March 22, 2023

Papa Johns CFO resigns

Ann Gugino, who has been at the pizza chain since 2020, is leaving effective May 31. Papa Johns has begun a search for a permanent CFO. 

By Julie Littman • March 22, 2023

IRS issues NFT tax guidance

The IRS seeks comment on NFTs’ treatment under the newly proposed tax guidance as regulators and lawmakers consider the future of cryptocurrency and digital asset spaces.

By Grace Noto • March 21, 2023

Accountants head overseas for talent

The lure of sexier jobs in the tech sector has cut into the number of U.S. students pursuing accounting careers. Looking abroad for talent may be the next best move.

By Elizabeth Flood • March 21, 2023

IRS misses deadline for upgrading business transcript system

The IRS has faltered as it shifts business tax transcript requests from a paper to an online system, according to the agency’s inspector general.

By Jim Tyson • March 20, 2023

Bipartisan Senate bill would bolster SEC whistleblower safeguards

The SEC’s program for gathering tips on securities law violations has imposed $6.3 billion in sanctions since its creation.

By Jim Tyson • March 17, 2023

Does SVB failure expose CFO job creep’s weaknesses?

The bank's chief risk officer seat was left vacant for much of 2022, raising questions about how such responsibilities are distributed and to whom in the modern C-suite.

By Grace Noto • March 16, 2023

Nearly one-third of CFOs to diversify deposits across banks: study

CFOs are looking to take immediate action to assess the risk and exposure to their businesses following recent bank failures.

By Elizabeth Flood • March 16, 2023

SEC fines IT firm DXC $8M for ‘misleading’ disclosures

DXC lacked adequate controls for the review, approval and classification of costs, according to the SEC.

By Jim Tyson • March 15, 2023

Burberry poaches CFO from McLaren

The British luxury fashion house announced another change in its C-suite after naming a new CEO just last year.

By Elizabeth Flood • March 15, 2023

SVB failure could cloud CFOs’ sunnier outlook

CFOs are cautiously optimistic for 2023, according to Deloitte’s latest CFO signals survey, but the swift downfall of SVB could test that.

By Elizabeth Flood • March 14, 2023