A Deloitte partner with a CFO focus explains the main obstacles facing large-company CFOs now and why one indicator points to optimism about the future. Listen to his thoughts or read the full transcript.
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Management accounting
The ‘mixed bag’ of economic sentiment; recent IRS news; a PCAOB update
Economic optimism is dimming, bringing revenue and profit projections down as well, but more than half of U.S. finance decision-makers say they can use more workers. Learn more about quarterly sentiment, along with a look at IRS news and more, in this podcast episode with transcript.
Kimberly Kirkendall, CPA
Kimberly Kirkendall, CPA, is president of international
Resource Development Inc. in Cleveland.
Economic pessimism leads to drop in revenue and profit projections
Finance executives in business and industry are more pessimistic about their own businesses and the domestic and global economy, according to a quarterly US survey.
Diversity among CEOs, CFOs continues to rise
Executive recruiting firm Crist Kolder’s annual report shows record levels of female and racially or ethnically diverse leadership at large companies.
Hiring managers in finance have their work cut out
Nearly four in five hiring managers in finance “expect to have to work hard” to attract and retain talent over the next year after three-fourths dealt with retention issues over the past year.
The functions CFOs are targeting for budget cuts, increased spending
Real estate and facilities management is the category most likely to face budget cuts, a Gartner survey shows. IT is the most common CFO choice for planned spending increases.
More companies obtaining ESG assurance, according to global survey
The percentage of companies worldwide providing assurance on ESG reporting increased between 2019 and 2020, but are auditors getting their share of the work?
AICPA & CIMA comment on ISSB drafts of sustainability disclosures
A comment letter applauds efforts to develop global standards for disclosing sustainability information and provide suggestions related to the two exposure drafts.
Business leaders may consider cuts to M&A, ESG budgets
If economic challenges continue, a survey finds that mergers and acquisitions could be the first area that CFOs and CEOs target for budget cuts, followed by environmental, social, and governance.
The state of risk oversight: Why both structure and agility matter
How can organizations take a smarter approach to risk management in a highly risky time? An expert on the topic passes on best practices and results from a recent survey report in this podcast episode with transcript.
From the archives: How purpose can play a bigger role in business
An author and Harvard Business School professor explains why companies should have a larger role in society than providing shareholder value in this podcast episode with transcript.
Survey reveals need for businesses to build trust with consumers
A PwC survey finds that consumers don’t trust companies on nearly the level that business leaders believe they do.
5 trends driving the importance of understanding ESG
The AICPA’s Ami Beers, CPA, CGMA, explains the reasons for increased focus on environmental, social, and governance (ESG) issues.
Most US finance leaders see recession risk in year ahead
The CPA Outlook Index, an equally weighted, nine-component measure of sentiment, remained in positive territory, falling from 73 points to 67 points out of 100, but it was the fourth consecutive quarterly decline in economic outlook.
FASB to explore rules on accounting for ESG credits
The FASB said last week that it will explore new rules regarding the accounting for financial instruments with ESG-linked features and regulatory credits.
SEC proposes enhanced disclosures related to ESG
The SEC proposed amendments to rules and reporting forms to promote consistent, comparable and reliable information for investors concerning funds’ and advisers’ incorporation of environmental, social and governance factors.
A finance transformation case study, plus a news roundup
Two consulting company leaders explain the ins and outs of finance transformation and what they learned from a recent client example. Also, get caught up on news related to several CPA-centric topics.
What every CPA should know about disrupted supply chains
Build your supply chain knowledge by networking and tracking the news.
SEC extends comment period on climate-related disclosure proposal
The SEC announced an extension in the public comment period for its proposal on climate-related disclosure requirements.
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