Financial News and Analysis | CFO Dive
ServiceNow CFO eyes AI agents following robust Q3. The SaaS provider is looking to bring AI agents to its customer and IT service segments after reporting $2.7 billion in subscription revenues, driven in part by AI adoption, its CFO said. Financial Reporting.
Costco CFO targets lower prices amid ‘effectively flat’ inflation
Sep 27, 2024 · In general, Costco tends to price lower than competitors because it sells products in bulk quantities and controls costs, Rohr said in an email response to CFO Dive questions. For example, its selling, general and administrative expenses are about 9% of sales, whereas that ratio for such companies as Walmart and Target is about 20%.
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 ...
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 ...
Stellantis CFO to step down in shakeup at beleaguered automaker
Oct 11, 2024 · Dive Brief: Automaker Stellantis announced its CFO, Natalie Knight, will be departing from her role as part of a suite of leadership changes, with Doug Ostermann to step into the top finance seat, according to a Thursday press release.Additionally, Stellantis confirmed a formal process has been started to find a successor for CEO Carlos Tavares, who will retire from his seat in 2026.
KPMG backs 120-credit hour alternative CPA licensure option
Oct 9, 2024 · Big Four accounting and consulting firm KPMG on Wednesday threw its support behind a push to develop alternative pathways to CPA licensure that would replace 30 of the 150 college credit hours typically required with work experience or work-study programs of equal value, according to statements emailed by KPMG to CFO Dive.
5 tips for businesses filing hurricane-related insurance claims
Oct 11, 2024 · Aim for filing a claim within 48 hours. The sooner you submit and document your claim, the sooner you will be paid and that can be as quickly as a few weeks, Hartwig said, noting that filing within 48 hours is a good goal. “If you want funds to recover, you need to file the claim quickly,” he said. Setting executive compensation has become ...
Dentsply initiates CFO search following layoffs, restructuring
Aug 20, 2024 · Dive Insight: A veteran of global technology company Integra LifeSciences Holdings, Coleman joined the Charlotte, North Carolina-based company as its CFO in September 2022 as part of a flurry of leadership shifts following the launch of an internal accounting probe by its audit and finance committees, CFO Dive reported at the time. That same month, Dentsply also appointed Simon Campion as its ...
Women rise to five-year high in CFO appointments
Aug 14, 2024 · The number of women appointed as CFOs globally reached a five-year high in the first half of this year, although they remain underrepresented in the role, according to a recent report by leadership advisory firm Russell Reynolds Associates. Of the 163 CFOs appointed in the first six months of the year, 44 were women, a 33% increase over the ...
SEC slaps $3.5M fine on former Ideanomics CEO for alleged fraud
Aug 12, 2024 · Dive Brief: T he Securities and Exchange Commission required that the former CEO of Ideanomics pay $3.3 million in disgorgement and a $200,000 penalty for allegedly defrauding investors with false statements about the company’s financial performance from 2017 until 2019.; The SEC alleged that, in November 2017, Ideanomics and its former CEO, Zheng (Bruno) Wu, reported $300 million in revenue ...