Financial News and Analysis | CFO Dive
WEBSEC charges Kubient CEO, CFO with accounting fraud, misleading investors. Kubient’s ex-CEO, ex-CFO and former head of audit each lied to the business’ independent auditor and reported $1.3 million in false revenue, the SEC alleges. Financial Reporting.
Dark web exposure is ‘highly correlated’ with cyberattack risk
WEBSep 24, 2024 — Cybercriminals use the dark web to communicate among one another, plan their attacks, and buy, sell, and build the tools they need to execute them, according to the Marsh McLennan report. The research found that dark web intelligence is “highly correlated” with forthcoming cyber incidents, as well as cyber insurance loss frequency.
Target CFO says GenAI tool is boosting worker efficiency - CFO Dive
WEBAug 22, 2024 — The chatbot, which helps Target’s team members resolve on-the-job challenges, is making it easier and faster to assist customers, CFO Michael Fiddelke said.
Deep Dive | CFO Dive
WEBMay 21, 2024 — Seeking ‘Goldilocks’: 5 CFO trends for 2024. Financial executives in the new year must protect profits by adapting to trends ranging from falling price pressures and borrowing costs to federal disclosures on carbon emissions. Jim Tyson • Jan. 9, 2024.
Truist pushes ambitious reorganization in $750M cost-cutting plan
WEBNov 6, 2023 — Truist announced its plan to realize $750 million in cost savings over 12 to 18 months during the Barclays Global Financial Services Conference in September. At the time, CEO Bill Rogers said the company would make “sizable reductions” to its workforce over the next three quarters centered around a restructuring that included consolidated ...
Powell says ‘time has come’ for rate cut, cites ... - CFO Dive
WEBAug 23, 2024 — Powell says ‘time has come’ for rate cut, cites weakening labor market The Fed chair did not indicate the size of a coming interest rate reduction, keeping alive a debate on how far policymakers will cut borrowing costs.
Trump Media CFO sells $1.9M in company stock - CFO Dive
WEBAug 26, 2024 — Phillip Juhan, CFO of Truth Social owner Trump Media, recently sold approximately $1.9 million in company shares which were remitted back to the company “solely to cover withholding payments to applicable taxing authorities,” according to a recent securities filing. Other key company executives including its …
Auditors say accountant shortage ramps up work pressure: CAQ
WEBDec 6, 2023 — A shortage of accountants has intensified pressure and ramped up workloads for accounting teams at U.S. companies while hindering recruitment and retention, according to 78% of audit partners surveyed by the Center for Audit Quality. In an effort to overcome a talent shortage, about one in three companies are …
Super Micro delays 10-K filing to assess internal controls - CFO Dive
WEBAug 28, 2024 — AI server maker Super Micro Computer’s shares plunged 19% Wednesday after the company announced it expects to delay its 10-K filing for the fiscal year 2024 ended June 30, according to a release. It plans to file a notification of late filing on Aug. 30. “SMCI is unable to file its annual report within the prescribed time period without ...
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