Ransomware projected to see banner year amid ‘big game hunting’

Cyber risk management company Resilience said 2023 is on track to become “the most financially damaging year” for ransomware victims since 2021.

By Alexei Alexis • Oct. 19, 2023

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

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Compensation: solving the cost-talent puzzle

In today’s strong labor market, CFOs leery of raising wages find creative ways to find and retain key employees.

By CFO Dive staff

Plaid names first CFO amid potential run-up to public listing

The move comes as the 10-year-old fintech company is reportedly considering going public after its failed agreement to be acquired by Visa.

By Alexei Alexis • Oct. 18, 2023

AI venture capital deal volume shrinks 27%: Pitchbook

The third-quarter slowdown follows a flurry of large deals earlier in the year, including Microsoft’s multi-billion-dollar investment in ChatGPT creator OpenAI.

By Alexei Alexis • Oct. 17, 2023

Criminals’ AI adoption intensifies scam threat

With AI, a criminal can now more easily mimic the voice of a trusted person at an organization as part of a sophisticated payment fraud scam, says Trustpair CEO Baptiste Collot.

By Alexei Alexis • Oct. 17, 2023

CFOs keep focus on tech, profitability: Grant Thornton

As CFOs seek to boost profits while balancing rising operating costs, a tailored digital transformation strategy is critical, Grant Thornton’s Paul Melville says.

By Grace Noto • Oct. 16, 2023

CVS shuffles leadership again as CFO takes leave

The changes come about a month after the pharmacy giant appointed CFO Shawn Guertin as president of its health services segment.

By Emily Olsen • Oct. 16, 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

KPMG taps new vice chair of tax

27-year KPMG alum Rema Serafi will become the first woman to serve as the firm’s vice chair of tax as it looks to craft strong, tech-forward tax offerings.

By Grace Noto • Oct. 13, 2023

How UiPath kept its finance team lean as it scaled up

The goal is to increase team productivity through automation tools, but “doing more with less” might motivate some companies using the technology, CFO Ashim Gupta says.

By Suman Bhattacharyya • Oct. 13, 2023

Atlassian bets on video messaging in nearly $1B Loom buy

The global movement toward distributed work has fueled a need for new ways to help teams collaborate, Atlassian said.

By Alexei Alexis • Oct. 12, 2023

CFOs, treasurers earn top corporate accounting salaries: Robert Half

The median corporate CFO salary is $265K while treasurers at the 50th percentile in compensation earn $210K, a study finds.     

By Maura Webber Sadovi • Oct. 12, 2023

Finding the digital transformation ‘sweet spot’: FloQast CFO

CFOs need to find the right moment, and the right software, to drive digital transformation effectively, FloQast’s Razzak Jallow says.  

By Grace Noto • Oct. 12, 2023

AI regulation backed by 73% of dealmakers: Datasite

Fourteen percent of M&A professionals surveyed have seen a transaction derailed because of AI-related concerns.

By Alexei Alexis • 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

Leveraging AI in your monthly close process

Savvy accounting leaders who see the writing on the wall are focused on bringing cutting-edge technologies into their teams’ daily tasks, including the monthly close, writes Horváth’s Tony Klimas.

By Tony Klimas • Oct. 10, 2023

Nobel economics prize highlights gender wage gap

Claudia Goldin is credited with advancing the understanding of “key drivers of gender differences in the labor market.”

By Maura Webber Sadovi • Oct. 9, 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

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

84% of CFOs wrestle with talent crunch

Accounting ranked as the top finance function struggling with talent shortages, amid high turnover and dwindling new entrants.

By Alexei Alexis • Oct. 5, 2023

Ex-Uber CFO rejoins KPMG as ‘emerging giants’ leader

KPMG reeled back the former Uber finance chief to take charge of the private enterprise group as it looks to guide startups through large-scale market shifts.

By Grace Noto • Oct. 5, 2023

UK regulators ‘concerned’ about AWS, Microsoft amid cloud market probe

Following a yearlong inquiry into competitive practices, Ofcom referred the public cloud infrastructure market to the Competition and Markets Authority for further investigation.

By Matt Ashare • Oct. 5, 2023

Helen of Troy’s former CFO is back to stay

Months after he rejoined the maker of popular Hydro Flask water bottles as interim finance chief, Brian Grass has been made CFO.

By Maura Webber Sadovi • Oct. 4, 2023