Financial News and Analysis | CFO Dive
CFO Dive provides in-depth journalism and insight into the most impactful news and trends shaping the finance industry.
Most CEOs expect full return-to-office in 3 years: KPMG
Sep 20, 2024 · Dive Brief: A majority (83%) of CEOs surveyed globally predict that companies will shift to require a “full” return of employees to in-office work in the next three years, an increase from 64% the prior year, KPMG said, reporting on the findings of a survey of 1,300 chief executives conducted in July and August.; The report also revealed a generational divide in the executives’ sentiment ...
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 ...
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.
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 ...
Audit fees poised to rise further after 6.4% hike in latest cycle ...
Dec 19, 2024 · Dive Brief: Overall average audit fees for public companies rose 6.4% in 2023 to $3.01 million from a year earlier, according to a Financial Education & Research Foundation report based on both a survey and data from Securities and Exchange Commission filings of more than 4,000 organizations.; Changes to internal control over financial reporting was the most frequently cited driver of ...
Microsoft ups finance automation game with ‘AI agents’
Oct 22, 2024 · Dive Insight: The move comes as the AI innovation race among enterprise software providers is heating up. It follows Salesforce’s recent introduction of a suite of autonomous AI agents known as “Agentforce.”. Microsoft’s latest rollout builds on a May announcement in which the company described its vision for independent agents that can “automate and orchestrate complex, long-running ...
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.
Companies to shift 9% more nearshoring to Mexico | CFO Dive
Oct 15, 2024 · Dive Insight: In the wake of the pandemic, many companies ditched their just-in-time approach to supply chains and lean inventory. Back in 2022, nearly half (45%) of CFOs and VPs of finance said they were moving away from efficiency-based supply chains to revenue assurance models with more flexibility and resilience, CFO Dive previously reported. In 2022, CarParts.com David Meniame, who was ...
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 ...