Most CEOs expect full return-to-office in 3 years: KPMG
Sep 20, 2024 · Dive Brief: A majority (83%) of CEOs surveyed globally predict that companies will shift to require a “full” return of employees to in-office work in the next three years, an increase from 64% the prior year, KPMG said, reporting on the findings of a survey of 1,300 chief executives conducted in July and August.; The report also revealed a generational divide in the executives’ sentiment ...
Financial News and Analysis | CFO Dive
Flagstar makes 2nd CFO change this year Lee Smith, the bank’s president of mortgage, will take over as chief financial officer Dec. 27, as Craig Gifford pursues “personal endeavors outside of banking,” Flagstar said.
KPMG backs 120-credit hour alternative CPA licensure option
Oct 9, 2024 · Dive Insight: KPMG’s full-throated support for alternative paths to CPA licensure comes roughly a month after t he American Institute of CPAs shifted to officially move ahead with adding more paths and flexibility to licensure in order to tackle the accounting talent shortage.. The accounting association had previously raised objections to cutting the hourly credit requirement, citing ...
SEC sanctions Moog Inc. for alleged bribes, accounting flaws in India
Oct 11, 2024 · Dive Brief: T he Securities and Exchange Commission said Friday that it ordered publicly traded Moog Inc. to pay a $1.1 million civil penalty to resolve charges that it violated the Foreign Corrupt Practices Act because of bribes paid by its subsidiary in India.; The SEC alleged that from 2020 to 2022 employees at Moog Motion Controls in India bribed railway, aeronautics and other officials to ...
KPMG to invest $100M in Google Cloud effort | CFO Dive
Nov 21, 2024 · Dive Brief: KPMG said Wednesday that it plans to make a new $100 million investment toward enhancing generative artificial intelligence, data analytics and cybersecurity services that it provides through an existing partnership with Google Cloud.; The expanded alliance, which is expected to drive $1 billion in incremental growth for the Big Four accounting and consulting firm, will include a ...
2025 financial conference roundup - CFO Dive
Oct 1, 2024 · As 2024 winds to a close, many finance chiefs are turning their attention to preparing for the new year. With CFOs looking to ensure they can start 2025 off on a strong note, connecting with other financial leaders, C-suite executives, and industry professionals is a must — especially as finance chiefs take more and more responsibility for driving finance digital transformation and their ...
OpenAI’s $6.6B raise puts it at the tech’s vanguard. Will it be …
Oct 10, 2024 · The funding wheel keeps turning To be sure, the spotlight on GenAI has yet to dim significantly. Apart from the $6.6 billion OpenAI just pocketed, funding for AI startups reached $19 billion in the third quarter, representing 28% of all venture dollars, according to Crunchbase data.Meanwhile, the number of U.S. companies willing to invest $10 million or more in GenAI is set to double in 2025 ...
Microsoft ups finance automation game with ‘AI agents’
Oct 22, 2024 · Dive Insight: The move comes as the AI innovation race among enterprise software providers is heating up. It follows Salesforce’s recent introduction of a suite of autonomous AI agents known as “Agentforce.”. Microsoft’s latest rollout builds on a May announcement in which the company described its vision for independent agents that can “automate and orchestrate complex, long-running ...
Costco CFO targets lower prices amid ‘effectively flat’ inflation
Sep 27, 2024 · Dive Brief: Costco Wholesale CFO Gary Millerchip said Thursday that the company’s “goal is always to be the first to lower prices” where it sees opportunity to do so, noting on the retailer’s fiscal fourth quarter earnings call that it dropped its prices on several of its store brand items during the 16-week period ended Sept. 1.
Scammers siphon $25M from engineering firm Arup via AI ... - CFO …
May 17, 2024 · Dive Brief: British engineering group Arup lost approximately $25 million after scammers used AI-manipulated “deepfakes” to falsely pose as the group’s CFO and request transfers from an employee to bank accounts in Hong Kong, according to a report by the Financial Times.; According to Hong Kong police, a staff member received a message claiming to be from Arup’s CFO — based in the U ...