Ex-Trump CFO is released from jail

Allen Weisselberg — the Trump Organization’s former finance chief — was released after this week serving about 100 days in a New York City prison. But more legal pressure looms.

By Maura Webber Sadovi • April 20, 2023

Werfel requests 15% IRS funding hike to uncover tax cheats

The IRS streamlined taxpayer services during the current tax season but needs a budget increase for the coming fiscal year to sustain improvements, the agency’s commissioner said.

By Jim Tyson • April 19, 2023

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CFO best practices in the evolving generative AI era

As the initial frenzy around the launch of generative artificial intelligence subsides, a new GenAI era appears to be taking shape.

By CFO Dive staff

3 CFOs talk shifting ESG headwinds

The nuanced picture that three CFOs painted Tuesday of the business case for ESG sharply contrasted with the backlash that has roiled the public debate recently.

By Maura Webber Sadovi • April 19, 2023

Ericsson faces CFO exit, ‘choppy’ economic climate

The network provider’s long-time CFO will depart as the company takes steps to weather a choppy economic environment, including shifts in the developing 5G space.

By Grace Noto • April 18, 2023

Allianz forecasts global jump in insolvencies

Given the expected rise in failing companies, CFOs must carefully vet clients and suppliers to avoid unpaid bills and supply chain disruptions.

By Chris Gaetano • April 18, 2023

Tax AI is here, but distrust lingers

AI could help companies with filing taxes. But first, finance executives need to learn to trust it.

By Grace Noto • April 17, 2023

Accountants demand change or else

Rethinking the future of accounting could persuade some of the over two-thirds of accountants who may want to leave the profession to stay put, according to FloQast’s CEO.

By Elizabeth Flood • April 14, 2023

Rent the Runway names new CFO as it slogs toward profitability

The apparel rental service narrowed its losses in Q4, with revenue and active subscribers up from last year.

By Daphne Howland • April 13, 2023

U.S. Bank names new CFO in C-suite shuffle

The bank's current CFO, Terry Dolan, will become vice chair and chief administrative officer. Gunjan Kedia, the bank's wealth-management chief, will oversee corporate and commercial banking.

By Rajashree Chakravarty • April 13, 2023

Bombardier alum to replace retiring Air Canada CFO

Air Canada CFO Amos Kazzaz, set to retire at the end of June, will be replaced by Bombardier alum John Di Bert.

By Alexei Alexis • April 12, 2023

Tax executives expect higher rates of audits, disputes: EY

Tax jurisdictions worldwide are stepping up scrutiny of businesses as they prepare to enact a 15% global minimum corporate tax next year, according to respondents to an EY survey.

By Jim Tyson • April 10, 2023

Key considerations for CFOs when exploring convertible debt

As companies look to raise capital or refinance debt in a higher interest rate environment, one option more CFOs are considering is convertible debt.

By David A. Brown and Daniel Josephs • April 10, 2023

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

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