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News
SEC launches new enforcement unit aimed at accounting fraud
1+ hour, 13+ min ago (398+ words) The move builds on prior efforts to crack down on bad actors in the accounting and auditing profession, SEC Enforcement Chief David Woodcock said. The announcement is “a little surprising” given the SEC’s current deregulatory focus under Chair Paul Atkins,…...
AI is reshaping first-100-days playbook for CFOs: FTI
2+ day, 6+ hour ago (400+ words) “One of your biggest early opportunities is improving how fast the organization turns information into action,” the consulting firm said in a report. The report comes as finance organizations face growing demand for AI skills. In separate findings, finance software…...
Resilience ties 85% of cyber insurance losses to human error
2+ day, 7+ hour ago (362+ words) “Attackers have used AI to sharpen social engineering across the board, from emails to voice deepfakes,” the cyber risk firm said. The findings highlight the growing need for CFOs, chief information security officers and risk managers to think about cyber…...
Finance, treasury leaders keep eye on payment visibility, TCH exec says
1+ week, 19+ min ago (735+ words) For finance and treasury leaders, how to gain deeper visibility into their payment rails and processes is top of mind, TCH’S Rich Dooley said. CFOs and treasury professionals are looking for more transparency and visibility when it comes to their…...
US coworking expands as monthly desk price ticks down
1+ week, 2+ day ago (254+ words) The median U.S. monthly cost of an open workspace and dedicated desk ticked down to $219 in the second quarter, according to a Yardi report. The U.S. coworking market has been growing steadily this year, helped by demand in mid-tier markets, with much…...
5 questions every CFO should ask before an AI bet
1+ week, 2+ day ago (749+ words) As AI adoption accelerates, CFOs who prioritize disciplined evaluation over rapid spending may gain the strongest competitive advantage, a tech consultant writes. Kevin Smith is a partner at Milwaukee-based Wipfli and the national leader of the advisory firm’s technology and…...
ADP AI legal chief: CFOs take a ‘human in the loop’ approach
1+ week, 3+ day ago (379+ words) “We all know that AI can look very polished and persuasive,” but human judgment is important, ADP’s chief legal AI officer Helena Almeida says. Helena Almeida was on the frontlines of Automatic Data Processing’s technology and artificial intelligence initiatives before…...
The real cost of ‘good enough’ payments
1+ week, 3+ day ago (300+ words) The perception and reality of payment costs often point in opposite directions, and that gap is where the problem lies. Most finance teams assume they know which payment methods are expensive and which aren't, but when you look at the…...
What CFOs should know about family offices
1+ week, 6+ day ago (600+ words) While not a homogenous group, family offices are a growing source of capital that can be more “patient” than private equity, EY’s Catherine Fankhauser says. There’s a saying in business circles: “If you’ve seen one family office, you’ve seen one....
Tesla set for ‘massive capex’ spend of $25B, Musk says
2+ week, 50+ min ago (614+ words) Tesla shares fell by 14% after its Q2 earnings amid concerns of weaker profit and slower than expected expansion in key areas such as its robotaxi product. Tesla’s capital expenditures shot up by 142% year-over-year to nearly $6 billion, according to its shareholder deck…...