KPMG’s Stöckle on auditing’s ‘human-machine’ connection

Despite recent technological advances transforming auditing processes, KPMG’s Sebastian Stöckle says people will always play key roles.

By Maura Webber Sadovi • May 4, 2023

RS Group CFO resigns over relationship with colleague

A month following a C-suite shakeup, RS Group’s CFO is resigning due to a relationship with an employee.

By Elizabeth Flood • May 3, 2023

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Digital transformation, one smart step at a time

As pricing pressures tighten margins and technologies like artificial intelligence evolve, finance chiefs are more closely scrutinizing the cost and returns of the tech tools they implement.

By CFO Dive staff

Tesla details its supply chain emissions for the first time

The EV maker released an estimate of its Scope 3 footprint, while also delving into its efforts to source minerals responsibly. 

By Ben Unglesbee • May 3, 2023

Fed hikes main rate while ‘highly attentive to inflation risks’

The central bank increased borrowing costs even though the failure of First Republic Bank has rekindled concerns about banking system instability.

By Jim Tyson • May 3, 2023

Fed mulls rate hike as wage gains beat forecasts, fuel inflation

Compensation by one measure is rising at the fastest pace since 2008, stoking expectations that policymakers on Wednesday will further increase borrowing costs to quash inflation.

By Jim Tyson • May 2, 2023

Qantas CFO named company’s first ever woman CEO

Australian airline company has promoted finance chief Vanessa Hudson, a 28-year company veteran, to CEO. 

By Elizabeth Flood • May 2, 2023

AI boosts productivity 14%: NBER case study

Generative AI improved customer service at a Fortune 500 company by prompting less experienced staff to adopt the best practices of their most talented co-workers.

By Jim Tyson • May 1, 2023

CFOs ready, not ‘shocked’ by First Republic failure

Many finance leaders now have a “quick-trigger game plan in place should another domino fall,” according to Jack McCullough, founder and president of the CFO Leadership Council.

By Maura Webber Sadovi • May 1, 2023

Food Lion owner Ahold Delhaize poaches new CFO from construction company

Pending shareholder approval, Jolanda Poots-Bijl is set to take the financial helm from Natalie Knight who is leaving to take another CFO role at automaker Stellantis.

By Elizabeth Flood • May 1, 2023

AP/AR automation: securing cashflow, enriching partnerships

Automating accounting processes is like irrigating your financial garden.

By Esker • May 1, 2023

Chipotle pauses menu price hikes, CFO says

With the once soaring cost of ingredients easing, Chipotle CFO Jack Hartung said the restaurant chain is pressing pause on its menu price hikes.

By Maura Webber Sadovi • April 28, 2023

Small businesses upbeat about surviving recession: BofA

Robust consumer spending buoyed economic growth during the first quarter amid widespread forecasts of recession.

By Jim Tyson • April 27, 2023

Toys ‘R’ Us specter looms over Bed Bath & Beyond

The home-goods retailer’s mixed signals remind some of Toys “R” Us. The toy retailer filed to reorganize in 2017, only to liquidate its U.S. operations months later.

By Maura Webber Sadovi • April 27, 2023

AI to help with ‘day two’ lease accounting

With the FASB issuing updated guidance, the proper use of AI will be key for growth.

By Elizabeth Flood • April 27, 2023

ChatGPT fails accounting class

ChatGPT has met its match in an accounting course, with students scoring an overall average of 76.7%, compared to ChatGPT’s score of 47.4%, according to research from Brigham Young University.

By Elizabeth Flood • April 26, 2023

It’s time for holistic emissions accounting

A fulsome and holistic accounting of a company's operational emissions and other sustainability risks helps businesses find new pathways and opportunities for value creation, Donavan Hornsby writes.

By Donavan Hornsby • April 26, 2023

Consumer confidence sinks, implying downturn to come

Weakening optimism among consumers, as measured by the Conference Board, coincides with a decline in credit.

By Jim Tyson • April 25, 2023

Tarsus Pharmaceuticals replaces CFO

The biopharmaceutical company is parting ways with former CFO Leo Greenstein, who started at his post back in 2020.

By Elizabeth Flood • April 25, 2023

Atlassian zeros in on customer retention, CRO says

The Australia-based tech company is refreshing its widely-used workplace collaboration tech tools Confluence and Jira and adjusting to its customers' changing needs amid the tech downturn. 

By Suman Bhattacharyya • April 25, 2023

These retailers stand to gain as Bed Bath & Beyond disappears

Walmart, Amazon and especially Target have already been taking market share from the struggling home goods retailer for quite some time.

By Daphne Howland • April 25, 2023

Majority of execs anticipate AI adoption in 1-2 years: KPMG

While corporate executives believe that generative AI has enormous potential, they also see major hurdles to adoption, a KPMG study found.

By Alexei Alexis • April 25, 2023

Hiring slows, signaling recession risk: NABE

Economists are evenly split on whether the U.S. will fall into recession within the next 12 months, NABE found in a survey.

By Jim Tyson • April 24, 2023

Disney to restructure finance team: CFO memo

In a memo to employees from CFO Christine McCarthy that was later leaked, she outlined plans for changes to the structure of the company’s financial team, according to a Business Insider report.

By Elizabeth Flood • April 24, 2023

SVB Financial Group’s CEO, CFO resign

The former Silicon Valley Bank parent did not name a replacement for the CEO role, but said Nicholas Grossi, managing director of advisory firm Alvarez & Marsal, will serve as the company’s interim CFO.

By Anna Hrushka • April 24, 2023

Research, interest deduction changes bedevil tax filers

Two provisions of the 2017 Tax Cuts and Jobs Act that went into effect last year are still catching some finance leaders off guard.

By Maura Webber Sadovi • April 21, 2023