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New Jersey fuel company’s ex-CFO charged with embezzling $12M
Robert McCloughy, who was also a former IRS agent, faces charges of wire fraud and money laundering.
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What bank reconciliation cycle time really tells you: Metric of the Month
Longer cycles often signal deeper issues in transaction management, visibility and the financial close.
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Semiannual reporting could cut costs by almost $200K: SEC
The Securities and Exchange Commission has released more details about its plan to give companies the option of reporting financials semiannually instead of quarterly.
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OpinionWhy some CFOs stay far away from the R&D credit
Former IRS R&D tax engineer Richard Bernstein says some finance leaders often leave money on the table — especially around R&D tax incentives — due to information gaps and risk perceptions.
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CFO tenure averages just 2.1 years at public companies, lowest in C-suite
Despite shortened tenures, CFO compensation has climbed more than 60% over the past five years, according to a new study.
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Global accountants hold grim outlook on the economy
The war in the Middle East sends the confidence level skidding to a near-record low.
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GameStop floats $56B bid to buy eBay: Trial Balance
The video game retailer’s CEO, Ryan Cohen, said he could turn eBay into a “legit competitor to Amazon,” though questions swirled Monday about GameStop’s ability to finance the deal.
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Fractional CFO firm eyes expansion after minority investment
CFO Selections, a Seattle-based fractional CFO firm, aims to expand to several new cities within the next few years, says Managing Partner Brian Turner.
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CFOs On the Move: Week ending May 1
Puma appoints a new chief financial officer, Booz Allen Hamilton names a former Boeing exec as CFO and PPG hires Avient’s finance chief.
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OpinionTax considerations CFOs need to factor into tariff refund planning
With $166 billion in IEEPA tariffs at stake, the Supreme Court's landmark ruling has triggered a wave of refund claims.
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April earnings update: Apple, Meta, Alphabet, Microsoft, Tesla, Netflix
Alphabet’s Anat Ashkenazi highlights AI-driven cloud growth, Microsoft’s Amy Hood signals headcount reductions and Netflix’s Spencer Neumann discusses the terminated Warner Bros. Discovery deal.
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Orleans Parish CFO faces charges in the wake of May 2025 jailbreak
Louisiana’s attorney general has charged Bianka Brown, finance chief of the New Orleans sheriff’s office, with malfeasance in office and obstruction of justice in relation to the escape of 10 inmates last year.
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The 6 a.m. CFO: How Trintech’s Omar Choucair starts his day
The fintech CFO says he begins his mornings with music instead of coffee, cycles 1,800 miles a year and shares a favorite number with George Costanza.
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Just 28% of finance pros see finance AI tools delivering measurable results
Larger finance departments view their return on artificial intelligence as even less impactful than smaller ones do.
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Financial trade group creates stablecoin certificate for treasury
The Association for Financial Professionals has partnered with fintech Kyriba on a new stablecoin certificate course aimed at addressing a “critical gap facing finance and treasury leaders today.”
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Oil and gas execs don’t expect Hormuz traffic to normalize until August
As the United States and Iran enforce dueling blockades in the narrow waterway, energy executives are gearing up for a long wait.
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OpinionWhy enterprise AI still isn’t delivering financial returns
Companies are pouring billions into artificial intelligence, yet sustained financial impact remains elusive.
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Innovative financing essential to decarbonizing fashion industry: H&M and EY
A recent white paper from the clothing brand and consulting firm asks executives to rethink traditional financing models and boost industry-wide collaboration to scale impact.
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Suppliers to AI companies are big winners of spending surge
Many of the most successful players in the AI arena, such as CoreWeave, Nvidia and AMD, are making the chips and memory modules that make the technology possible.
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SEC says real estate firm’s ex-CFO ran a ‘Ponzi-like’ scheme: Trial Balance
John Giarmarco, formerly the finance chief of Voyager Pacific Capital Management, was charged with fraud along with two other executives.
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CFOs fear health benefit costs are ticking up unsustainably
In a recently released survey by consulting firm Mercer, 80% of finance chiefs said their organizations couldn’t tolerate health care cost hikes above 6%.
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CFOs On the Move: Week ending April 24
Expedia Group hires Snap’s finance chief, Siemens USA promotes an insider to the top finance spot and Fermi’s chief financial officer and CEO step down.
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Prudential hits pause on new sales at Japanese subsidiary
The insurer’s CFO Yanela Frias maintained that Prudential of Japan “will emerge as a stronger, more resilient business that is better positioned to serve consumers.”
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Finance functions ramp up internal AI budgets
The key to generating value from artificial intelligence projects within finance is scaling them to full production, according to a new Bain & Co. report.
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Tariffs become a ‘permanent planning assumption’ for US execs
Despite a major legal setback from the U.S. Supreme Court earlier this year, tariffs are still a big consideration in executives’ scenario planning, according to a recent PwC survey.
