Large companies hide behind net zero ‘fig leaf’: report

Many of the world’s biggest companies are exaggerating their efforts to reduce carbon emissions, according to the Corporate Climate Responsibility Monitor.

By Jim Tyson • Feb. 21, 2023

Threat actors can use ChatGPT, too. Here’s what businesses should watch

While IT departments seek enterprise applications, cyber teams must be on the lookout for attacks using the generative AI technology.

By Lindsey Wilkinson • Feb. 21, 2023

CFO, CIO relationship key to optimize tech spend

Nearly half of execs expect cyber attacks on financial data to increase in 2023, but the majority of finance leaders don't have consistent communication with their CIO to mitigate this risk.

By Elizabeth Flood • Feb. 21, 2023

CEOs expect recession but pessimism eases from Q4

The Conference Board found in a survey that the outlook among CEOs has brightened compared with the final three months of last year.

By Jim Tyson • Feb. 17, 2023

Inflation tops concerns weighing on CFOs

Amid economic uncertainty, financial forecast accuracy, liquidity, cash flow, and capital structure will be among top priorities for CFOs this year, according to a study.

By Alexei Alexis • Feb. 15, 2023

Nominee to lead IRS commits to narrowing ‘tax gap’

Daniel Werfel, tapped by President Biden to lead the IRS, faced Republican criticism of $80 billion in extra funding for the agency during a confirmation hearing.

By Jim Tyson • Feb. 15, 2023

Rapid inflation persists as Fed officials favor higher rates

Federal Reserve policymakers have recently voiced particular concern for persistently high gains in prices for services excluding housing.

By Jim Tyson • Feb. 14, 2023

CPAs urge lawmakers to enact ‘fairer’ tax code

The AICPA recommends changes to the tax code as Republicans intensify opposition to the Biden administration’s signature tax policy initiatives.

By Jim Tyson • Feb. 13, 2023

FTC Dems take aim at merger review time limits

A new report shows “unprecedented” challenges faced by the agency in conducting effective merger reviews and the need for congressional action, FTC Chair Lina Khan and her two Democratic colleagues said.

By Alexei Alexis • Feb. 13, 2023

IRS relies on 64-year-old software, jeopardizing security: GAO

The IRS is set to receive $80 billion during the next decade under legislation passed last year, with a portion earmarked for upgrading technology.

By Jim Tyson • Feb. 10, 2023

Inflation erodes US company growth, return on capital: McKinsey

When facing persistent price pressure, companies need to focus more on sustaining gains in profit margins and return on capital, McKinsey said.

By Jim Tyson • Feb. 8, 2023

Fed’s Powell sees ‘significant road ahead’ to curb inflation

Fed policymakers will probably push up borrowing costs at coming meetings even though some measures of inflation have eased somewhat, Powell said.

By Jim Tyson • Feb. 7, 2023

House Republicans target SEC climate risk rule

Having taken control of the U.S. House, Republicans are redoubling efforts to thwart the Biden administration’s sustainability initiatives.

By Jim Tyson • Feb. 6, 2023

Audit committee job creep taking its toll

With internal audit committees biting off more than they can often chew, committee members across businesses are feeling the burnout. 

By Elizabeth Flood • Feb. 3, 2023

Activision Blizzard to pay SEC $35M for alleged disclosure flaws

The video gaming company has been the target of regulatory scrutiny since allegations of sex discrimination surfaced in 2018.

By Jim Tyson • Feb. 3, 2023

Fed slows tightening pace but signals more rate hikes to come

Fed Chair Jerome Powell predicted that the U.S. will avoid recession in 2023 while saying the Fed should lean toward tightening too much rather than too little.

By Jim Tyson • Feb. 1, 2023

Biden antitrust enforcers block deals at record pace

The FTC and DOJ are relying more on litigation and less on consent decrees in their merger enforcement approach.

By Alexei Alexis • Feb. 1, 2023

Wage growth slows, blunting threat of wage-price spiral

Federal Reserve policymakers say that a steady decline in wage growth is essential for a sustained easing of inflation.

By Jim Tyson • Jan. 31, 2023

Accountants may underestimate impact of Fed tightening: survey

“Further monetary tightening appears inevitable,” the ACCA and IMA said as the Federal Reserve prepared for a two-day policy meeting beginning Tuesday.

By Jim Tyson • Jan. 30, 2023

Companies face data privacy maze, skills gap

CFOs could be under increased pressure this year to focus on privacy, as new state laws come into effect.

By Alexei Alexis • Jan. 27, 2023

5 CFO tips for boosting tech ROI

CFOs are overhauling their technology budgets as inflation, slumping economic growth and other external forces jeopardize their earnings targets.

By Jim Tyson • Jan. 27, 2023

Auditors dialed back mandated disclosures: study

The study found that auditors pulled back on their disclosures of potentially negative financial matters as companies adjusted to new reporting requirements.  

By Maura Webber Sadovi • Jan. 26, 2023

Live Nation CFO blames bots in Swift ticket fiasco

Roughly two months after thousands of Taylor Swift fans were prevented from buying tickets, Ticketmaster’s CFO told a Senate committee Tuesday that the company could have done better, while largely pointing the finger at bots.

By Alexei Alexis • Jan. 24, 2023

Tyson CFO pleads guilty to trespassing, intoxication charges: report

John Randal Tyson pleaded guilty to charges of public intoxication and trespassing. The move marks a change from one month earlier when he pleaded not guilty.

By Elizabeth Flood • Jan. 24, 2023

More companies report falling profit margins: NABE

U.S. businesses in the new year face signs that the economy is cooling, including a tapering in consumer spending and a pullback in factory output.

By Jim Tyson • Jan. 23, 2023