Financial News and Analysis | CFO Dive
Flagstar makes 2nd CFO change this year Lee Smith, the bank’s president of mortgage, will take over as chief financial officer Dec. 27, as Craig Gifford pursues “personal endeavors outside of banking,” Flagstar said.
KPMG backs 120-credit hour alternative CPA licensure option
Oct 9, 2024 · Dive Insight: KPMG’s full-throated support for alternative paths to CPA licensure comes roughly a month after t he American Institute of CPAs shifted to officially move ahead with adding more paths and flexibility to licensure in order to tackle the accounting talent shortage.. The accounting association had previously raised objections to cutting the hourly credit requirement, citing ...
2025 financial conference roundup - CFO Dive
Oct 1, 2024 · As 2024 winds to a close, many finance chiefs are turning their attention to preparing for the new year. With CFOs looking to ensure they can start 2025 off on a strong note, connecting with other financial leaders, C-suite executives, and industry professionals is a must — especially as finance chiefs take more and more responsibility for driving finance digital transformation and their ...
AICPA, NASBA draft new CPA rules for states to model
Oct 3, 2024 · Dive Brief: The American Institute of CPAs and the National Association of State Boards of Accountancy jointly took another step to open a pathway allowing accountants to obtain a CPA license with less schooling than is now required. The groups released model language that state accountancy boards and lawmakers can adopt that would put the proposed new licensure rules into effect.
KPMG to invest $100M in Google Cloud effort | CFO Dive
Nov 21, 2024 · Dive Brief: KPMG said Wednesday that it plans to make a new $100 million investment toward enhancing generative artificial intelligence, data analytics and cybersecurity services that it provides through an existing partnership with Google Cloud.; The expanded alliance, which is expected to drive $1 billion in incremental growth for the Big Four accounting and consulting firm, will include a ...
Intuit rolls out AI QuickBooks enhancements as CEO eyes AI agents
Nov 25, 2024 · The news comes as Intuit leans into AI agents to streamline the work of business leaders, CFOs and other executives. In comments Thursday during the company’s earnings call for fiscal Q1 ended Oct. 31, CEO Sasan Goodarzi said the company was aiming for a longer-term payoff on its AI investments, acknowledging that its AI agents could do the work of a CFO, CMO, or a sales officer of a midsize ...
Macy’s says accountant hid as much as $154M in expenses
Nov 25, 2024 · Dive Brief: A Macy’s accountant intentionally hid as much as $154 million in expenses from the fourth quarter of 2021 through the fiscal quarter ended Nov. 2, 2024, the company said Monday, flagging the flawed bookkeeping just days before the marquis retailing day known as Black Friday.
SEC sanctions Moog Inc. for alleged bribes, accounting flaws in India
Oct 11, 2024 · Dive Brief: T he Securities and Exchange Commission said Friday that it ordered publicly traded Moog Inc. to pay a $1.1 million civil penalty to resolve charges that it violated the Foreign Corrupt Practices Act because of bribes paid by its subsidiary in India.; The SEC alleged that from 2020 to 2022 employees at Moog Motion Controls in India bribed railway, aeronautics and other officials to ...
Deepfake scams escalate, hitting 53% of businesses | CFO Dive
Sep 3, 2024 · Dive Brief: Just over half (53%) of businesses in the U.S. and U.K. have been targets of a financial scam powered by “deepfake” technology, with 43% falling victim to such attacks, according to a survey by finance software provider Medius.
Rise in US health benefit costs to accelerate to 10.2% next year: …
Nov 22, 2024 · Dive Brief: T he cost of U.S. health care benefits will likely rise 10.2% in 2025 compared with a 9.3% gain this year, fueled by inflation, shortages of health care workers and the demand from providers for higher prices on the renewal of multi-year contracts, WTW said.; Double-digit increases in the cost of cancer treatments have also pushed up the price of benefits, along with “surging ...