Risk Management: Page 12
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Prepping for the internal audit, CFO ‘inflection’ point
Internal auditors are joining the CFO as strategic business leaders, according to a Protiviti report.
By Grace Noto • Aug. 23, 2024 -
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Jobless claims edge up, amplifying Fed signals for rate cut
Payrolls in the 12 months ending in March may have grown 818,000 less than previously reported, according to federal data.
By Jim Tyson • Aug. 22, 2024 -
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SEC approves tougher rules targeting auditor ‘negligence’
Two out of the agency’s five commissioners voted against the stricter standards, warning that they may hinder efforts to expand the ranks of auditors.
By Jim Tyson • Aug. 21, 2024 -
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47% of US firms suffered data breach resulting in severe financial loss
The study comes as the global average cost of a breach has hit nearly $4.9 million this year, according to an IBM estimate.
By Alexei Alexis • Aug. 20, 2024 -
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AI spurs widespread ROI confidence: KPMG
Companies “are moving from experimenting with the technology to really starting to put expectations on it,” KPMG’s Per Edin said.
By Alexei Alexis • Aug. 20, 2024 -
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Economic data no longer herald recession: Conference Board
Several data points during the past two weeks paint a sunny outlook for the economy, discouraging forecasts of a downturn.
By Jim Tyson • Aug. 19, 2024 -
CFO Editorial Staff
PCAOB says deficiencies rise among reports by audit firms
Inspections of nearly half of the firms’ engagements reviewed by the PCAOB revealed evidence that the auditor failed to obtain enough evidence to support its opinion.
By Jim Tyson • Aug. 16, 2024 -
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To drive AI efficiency, CFOs must focus on its ‘fuel’: OneTrust
As the AI age dawns, CFOs need to be sure they’re focusing on what actually makes that technology tick — data, CFO Guido Torrini says.
By Grace Noto • Aug. 16, 2024 -
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SEC imposes $390M in fines in crackdown on shoddy record-keeping
The agency that regulates Wall Street in the past year has slammed several financial services companies for flawed record-keeping.
By Jim Tyson • Aug. 15, 2024 -
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OpinionHow to push price and bust currency devaluation
Whether for increased revenue or profitability, corporate growth requires price increases — potentially as frequently as every six months, Adam Echter writes.
By Adam Echter • Aug. 15, 2024 -
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Inflation slows to three-year low, clearing way for Fed rate cut
The central bank at a meeting next month will likely weigh cooling inflation against signs that the labor market is loosening up.
By Jim Tyson • Aug. 14, 2024 -
Courtesy of JSW Steel USA.
Producer price inflation slows, brightening outlook for Fed rate cut
The less-than-forecast gain in PPI last month bodes well for a decline in economy-wide price pressures in coming months.
By Jim Tyson • Aug. 13, 2024 -
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M&A, vendor reliance help drive up ransomware threat: report
The financial severity of claims related to ransomware attacks increased more than 400% from 2022 to 2023, the study found.
By Alexei Alexis • Aug. 13, 2024 -
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IRS restarts review of employers’ claims for pandemic tax credit
The agency last year suspended processing applications for the Employee Retention Credit after reports of fraud.
By Jim Tyson • Aug. 9, 2024 -
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Jobless claims dip below forecasts in glimmer of hope for labor market
The report on initial jobless claims helped fuel a rebound in equity markets following news last week of job market weakness.
By Jim Tyson • Aug. 8, 2024 -
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Delinquencies rise as household debt hits record high: NY Fed
Rising consumer debt and delinquencies, along with an increase in unemployment, have shown no signs of dampening consumer spending.
By Jim Tyson • Aug. 7, 2024 -
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CFO, CIO partnership key to bridge tech, talent gap: Workday
By taking point on technology initiatives, CFOs can shape the future of how their company leverages new solutions, Workday’s Terrance Wampler said.
By Grace Noto • Aug. 7, 2024 -
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Job market setbacks do not ‘portend’ broad slump: Conference Board
Investors fearing a recession have pulled back from risk since a report on Friday that unemployment last month rose to 4.3%.
By Jim Tyson • Aug. 6, 2024 -
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Fed’s Goolsbee seeks to cool speculation of sudden turn to rate policy
The central bank official cited signs of solid economic growth, including a 2.8%-annual-rate increase in gross domestic product during the second quarter.
By Jim Tyson • Aug. 5, 2024 -
Matt Kapko/CFO Dive
Insured loss impact could reach $1B following CrowdStrike outage
Guy Carpenter said it could be worse: Had the incident involved a ransomware attack, losses could have reached $2 billion.
By David Jones • Aug. 5, 2024 -
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How to curb ‘key man risk’ and late SEC filings
The accounting talent shortage and increased reporting requirements helped create a “perfect storm” leading to more late SEC filings, UHY’s Ro Sokhi said.
By Maura Webber Sadovi • Aug. 2, 2024 -
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Fed holds rates steady; points to ‘totality’ of data needed for potential September cut
The central bank continued to maintain rates at their 23-year high, but cracked open the door for a potential cut in September.
By Grace Noto • July 31, 2024 -
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How the GenAI boom is impacting M&A deals
About eight in 10 dealmakers responding to a KPMG poll said that GenAI has had some effect on their M&A strategy.
By Alexei Alexis • July 30, 2024 -
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Election turmoil ratchets up CFOs’ geopolitical risks
Finance leaders’ agility is facing a fresh test as they consider potential impacts of the recent shakeup in the U.S. presidential election.
By Maura Webber Sadovi , Grace Noto • July 29, 2024 -
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Deep Dive7 CFO tips for yielding high ROI during the rush into generative AI
Financial executives willing to chance big spending on generative AI can take steps to reduce risk and seize the payoffs.
By Jim Tyson • July 26, 2024
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