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CFO.com provides essential analysis and expert advice for Chief Financial Officers to tackle organizational challenges, manage major risks, drive organizational value, and maximize their personal career potential.
5 Common Misconceptions About the Chapter 11 Bankruptcy …
Jul 8, 2020 · Here are five of the most common misconceptions about Chapter 11 bankruptcy: Bankruptcy means going out of business. Just because a business files for bankruptcy does not mean it is going out of business. While a Chapter 7 business bankruptcy filing involves liquidation, Chapter 11 allows a business to restructure its debts and remain in operation.
What CFOs Think of the Accountant Shortage | CFO.com
Nov 10, 2023 · The accountant shortage is a phenomenon that CFOs are trying to combat with work-life balance initiatives, salary transparency, and better technology.With fewer CPAs in the pipeline, there is not only less quality finance talent available but also fewer people who can develop into future corporate finance leaders.. The would-be CFOs of tomorrow are choosing other areas of work.
WorldCom Whistle-blower Cynthia Cooper | CFO.com
Feb 1, 2008 · Not that that’s a goal she ever imagined or one she has embraced. But the odyssey that began when Cynthia Cooper, the then–vice president of internal audit at WorldCom, decided to investigate anomalies in the company’s accounting entries ended by inspiring critical — and heavily criticized — legislation: the U.S. Senate responded to ...
Bed Bath & Beyond CFO Gustavo Arnal's Death Follows ...
Sep 5, 2022 · Gustavo Arnal, CFO of Bed Bath & Beyond (BBB), reportedly jumped to his death on Friday, September 2, from a New York City skyscraper where he lived. Arnal, a veteran finance executive who held the role of CFO at BBB since May 2020, was among a number of defendants recently named in a class-action suit, alleging a “pump-and-dump” stock ...
7 Core Skills of Great CFOs | CFO.com
Jun 6, 2022 · We’ve identified seven skills that top CFOs need to master in today’s evolving business climate. 1. Solid Communicator. It’s not enough to be able to present financial performance reports to the board and investors effectively. CFOs are called upon to tell the story behind the numbers to a wider range of stakeholders, including customers ...
U.S. Employers Announced 22% Fewer Job Cuts in October
Nov 3, 2023 · U.S. businesses announced 36,836 job cuts in October, a 22% decline from the prior month and the second-lowest monthly this year, according to data from Challenger, Gray & Christmas released Thursday. “Job cut plans have slowed significantly since the first half of the year, and consumers have continued to spend, even in the face of high inflation,” said Andy Challenger, senior vice ...
The Big Four Continue to Dominate Auditing: Weekly Stat
Jun 29, 2022 · Among accelerated filers (public float of $75 million or more but less than $700 million), nearly 32% are audited by a firm other than Deloitte, EY, PwC, BDO, KPMG, or GT. The largest U.S. auditing firms also audit the most publicly held companies — EY audits 979 companies, and Deloitte audits 783. When counting market share by the total ...
CFO Magazine Archive | CFO.com
Jan. 2016 Issue. CFO.com provides essential analysis and expert advice for Chief Financial Officers to tackle organizational challenges, manage major risks, drive organizational value, and maximize their personal career potential.
Frank D’Amelio to Step Down as Pfizer CFO
Nov 18, 2021 · In addition to his finance chief role, D’Amelio has served as executive vice president for global supply since he joined Pfizer in 2007. “I want to thank Frank for his many years of service to Pfizer as CFO and for the impact he has had on the company and the patients we serve,” CEO Albert Bourla said in a news release.