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 ...
Macy’s says accountant hid as much as $154M in expenses
Nov 25, 2024 · Dive Brief: A Macy’s accountant intentionally hid as much as $154 million in expenses from the fourth quarter of 2021 through the fiscal quarter ended Nov. 2, 2024, the company said Monday, flagging the flawed bookkeeping just days before the marquis retailing day known as Black Friday.
Financial News and Analysis | CFO Dive
CFO Dive provides in-depth journalism and insight into the most impactful news and trends shaping the finance industry.
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 ...
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 ...
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 ...
EY firings highlight multitasking, professional training woes
Oct 31, 2024 · The U.S. firings also come roughly two years after EY faced financial repercussions from a test-taking scandal. In 2022, the SEC fined EY $100 million for cheating by its auditors on ethics exams and for withholding evidence of wrongdoing from the agency’s enforcement division, CFO Dive previously reported.. Having been penalized before on a similar matter might have made EY more sensitive ...
Huntington Bank CFO sees acceleration of fintech venture …
Oct 21, 2024 · However, both the growth and focus of fintechs will look different over the next five years than it did in the past half-decade. In addition to a rise in the number of opportunities in the sector, another major trend Huntington has been seeing is that “the focus on fintechs who are providing services to large companies seems to be really, really heating up, as opposed to fintechs that are ...
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.
Deloitte joins backers of 120-credit hours CPA licensure option
Oct 14, 2024 · Dive Brief: Big Four accounting firm Deloitte added its voice to the growing industry call for an alternative pathway to become a certified public accountant, which would replace 30 of the 150 college credit hours typically required for licensure with work experience according to a statement emailed to CFO Dive by a firm spokesperson. “Attracting more CPAs is good for our profession and ...