Accounting & Tax Archives - CFO

The Big Four Continue to Dominate Auditing: Weekly Stat

The Big Four Continue to Dominate Auditing: Weekly Stat

The audit market is most concentrated among the population of large accelerated filers, 88% of which tap a Big Four firm for assurance.

By Vincent Ryan | June 29, 2022

Can the U.S. and China Resolve the Tussle Over Audit Inspections?

Can the U.S. and China Resolve the Tussle Over Audit Inspections?

Beijing's crackdown on overseas listings might help the countries avoid a U.S. ban on China-based issuers.

By Drew Bernstein | March 3, 2022

4 Tips for Cutting Indirect Spend

Cost Management

4 Tips for Cutting Indirect Spend

Manage spending on items such as office supplies, furniture, and professional services to help offset inflation.

By Vincent Ryan | February 25, 2022

ISSB Represents a Big Step in ESG Disclosures

ISSB Represents a Big Step in ESG Disclosures

Will the United States work with the new International Sustainability Standards Board on sustainability reporting rules?

By Robert C. Pozen | February 1, 2022

Opinion: Zero-Based Budgeting emphasizes growth, cost-cutting

Cost Management

Opinion: Zero-Based Budgeting emphasizes growth, cost-cutting

Zero-based budgeting is not only a tactic for those companies in dire straits, but also those who are in early growth stages.

By Akshat Dubey | February 1, 2022

2022 Interest Rates Outlook: Fed Tightening Is Not Risk-Free

2022 Interest Rates Outlook: Fed Tightening Is Not Risk-Free

If the U.S. economy isn’t as strong as the Fed thinks, higher interest rates will hurt.

By Russ Banham | January 19, 2022

WeWork to Restate Due to Accounting Error

Financial Reporting

WeWork to Restate Due to Accounting Error

The error relates to the classification of shares that were issued when WeWork's SPAC acquirer went public.

By Matthew Heller | December 2, 2021

USPS Slashes Annual Loss to $4.9B in 2021

Financial Performance

USPS Slashes Annual Loss to $4.9B in 2021

"We are making encouraging progress in correcting the long-term imbalance in postal revenues and expenses."

By Matthew Heller | November 11, 2021

Will a Minimum Corporate Tax Really Curb Inversions?

Will a Minimum Corporate Tax Really Curb Inversions?

Any upward move by the United States on corporate tax rates could possibly undo the progress made at the global level.

By Vincent Ryan | November 2, 2021

Supply Disruptions Hit Apple Revenue

Financial Performance

Supply Disruptions Hit Apple Revenue

Apple missed revenue estimates for the fourth quarter as shortages in chip supplies cost it $6 billion in potential revenue.

By Matthew Heller | October 29, 2021

American Apparel Cost Cuts May Not Be Enough

Credit & Capital

American Apparel Cost Cuts May Not Be Enough

The embattled retailer may not have sufficient financing commitments to meet its needs over the next 12 months.

By Katie Kuehner-Hebert | October 28, 2021

GM Loses $4.9B in Q4 But Beats Estimates

Financial Performance

GM Loses $4.9B in Q4 But Beats Estimates

The automaker's operating results were "very strong, and actually great" in the quarter and for the full year, CFO Chuck Stevens says.

By Matthew Heller | October 28, 2021

The House Sticks its Nose into Audit Rotation

Management Accounting

The House Sticks its Nose into Audit Rotation

U.S. Representatives are not merely waging a fight against auditor rotation. They are trying to marginalize the Public Company Accounting Oversight Board.

By Vincent Ryan | October 24, 2021

Revised Fair-Value Rule Is Weaker: Moody’s

Revised Fair-Value Rule Is Weaker: Moody’s

It's harder for investors to compare banks' financial statements now that IAS 39 lets them decide whether to reclassify "held for sale" assets as "held to maturity," the rating agency says.

By Marie Leone | October 24, 2021

Avalara Acquires CrowdReason

Avalara Acquires CrowdReason

“Adding property tax content and software to our global compliance portfolio extends Avalara’s footprint into a large and exciting new tax type.“

By Lauren Muskett | October 19, 2021